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We study the evolution of US mortgage credit supply during the COVID-19 pandemic. Although the mortgage market … guarantees and loans to the riskiest borrowers. Mortgage-backed securities purchases by the Federal Reserve also supported the …
Persistent link: https://www.econbiz.de/10014025959
-emerged in the Coronavirus 2019 (COVID-19) Crisis. Some of these strains were acute. For example, the dependence of mortgage real …The liquidity strains that contributed to the meltdown of the mortgage market in the Global Financial Crisis (GFC) re … pressures had only minor repercussions for the overall mortgage market because of reforms since the GFC, a heavy government …
Persistent link: https://www.econbiz.de/10013404844
We test for racial discrimination in the prices charged by mortgage lenders. We construct a unique dataset where we … observe all three dimensions of a mortgage's price: the interest rate, discount points, and fees. While we find statistically …
Persistent link: https://www.econbiz.de/10012834174
The coronavirus outbreak raises the question of how central bank liquidity support affects financial stability and …
Persistent link: https://www.econbiz.de/10014048836
Shortly after the onset of the pandemic, U.S. banks cut their term lending to businesses–but little is known about how much, and why, banks' choice to ration credit contributed to this contraction. Afforded by a unique combination of several highly granular bank regulatory datasets, we...
Persistent link: https://www.econbiz.de/10014351792
equilibrium mortgage loan terms in the period from 2003 to 2007. The technique is designed to eliminate sources of bias that may …
Persistent link: https://www.econbiz.de/10013104546
equilibrium mortgage loan terms in the period from 2003 to 2007. The technique is designed to eliminate sources of bias that may …
Persistent link: https://www.econbiz.de/10013106465
The U.S. mortgage crisis that began in 2007 generated questions about the role played by Fannie Mae and Freddie Mac … the UAG on the GSEs' whole single-family mortgage purchases during peak years for the subprime mortgage market. Under the …
Persistent link: https://www.econbiz.de/10013107370
The U.S. mortgage crisis that began in 2007 generated questions about the role played by Fannie Mae and Freddie Mac … the UAG on the GSEs' whole single-family mortgage purchases during peak years for the subprime mortgage market. Under the …
Persistent link: https://www.econbiz.de/10013091049
Did government mortgage programs mitigate the adverse economic effects of the financial crisis? We find that counties … with greater participation in traditional government mortgage programs experienced less severe economic downturns during … lending had relatively smaller increases in mortgage delinquency rates; smaller declines in purchase originations, home sales …
Persistent link: https://www.econbiz.de/10012969438