policy. We look for this special role by examining the business strategies of banks as it relates to mortgage funding and … mortgage lending. "Traditional banks" have a large supply of excess core deposits and specialize in information …-intensive lending to borrowers (which is proxied here using mortgage lending in subprime communities), whereas "market-based banks" are …

Since the housing bust and financial crisis, mortgage lenders have introduced progressively higher minimum thresholds … mortgage credit reduced delinquency on both mortgage and non-mortgage debt and increased their propensity to take out auto …

We provide new evidence that credit supply shifts contributed to the U.S. subprime mortgage boom and bust. We collect … original data on both government and private mortgage insurance premiums from 1999-2016, and document that prior to 2008 …

We document that banks reduce supply of jumbo mortgage loans when policy uncertainty increases as measured by the …

We construct a new measure of mortgage credit availability that describes the maximum amount obtainable by a borrower … of given characteristics. We estimate this "loan frontier" using mortgage originations data from 2001 to 2014 and show … that it reflects a binding borrowing constraint. Our estimates reveal that the expansion of mortgage credit during the …

Two key channels that allowed the 2007-2009 mortgage crisis to severely impact the real economy were: a housing net … of these new channels by considering two different shocks linked to the supply of mortgage credit: an increase in the … interventions that are able to reduce the severity of a mortgage crisis: debt relief for borrowing households and central bank …

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 …