of roommates. Coupledom, however, appears stable. Homeownership at age thirty shows a precipitous drop following the …

I study the effects of an increase in the supply of local mortgage credit on local house prices and employment by … dissatisfied retail customers from a large, universal bank, UBS, to homogeneous local mortgage lenders. Mortgage lenders located … in the geographic distance between UBS branches and local mortgage lenders as an instrument for deposit growth, I find …

is less than their outstanding mortgage balance. Our estimate of this gap suggests that the official homeownership rate …After rising for a decade, the U.S. homeownership rate peaked at 69 percent in the third quarter of 2006. Over the next … homeownership rate declined by 1.7 percentage points. An important question is, how much more will this rate decline over the …

their homeownership without the need for an FHA mortgage. Another 20 percent are either in their original home or have moved …The Federal Housing Administration (FHA) has stated that its goal is to foster sustainable homeownership. In this paper … from renting to owning using an FHA-insured mortgage. In addition to calculating the fraction of these borrowers whose FHA …

This chapter considers the structure of mortgage finance in the U.S., and its role in shaping patterns of homeownership … the design features of mortgage contracts that distinguish them from other loans, and that have important implications for … issues presented in the rest of the chapter. We then explain how mortgage finance interacts with public policy, particularly …

Mortgage modifications have become an important component of public interventions designed to reduce foreclosures. In … this paper, we examine how the structure of a mortgage modification affects the likelihood that the modified mortgage re …

Technology-based (“FinTech”) lenders increased their market share of U.S. mortgage lending from 2 percent to 8 percent … from 2010 to 2016. Using market-wide, loan-level data on U.S. mortgage applications and originations, we show that FinTech … lenders process mortgage applications about 20 percent faster than other lenders, even when controlling for detailed loan …

into a lower-rate mortgage on borrower balance sheet outcomes. Refinancing substantially reduces borrower default rates on …