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 …

The 2010s saw a profound shift towards jumbo mortgage lending by large banks that are regulated under the Dodd …-Frank Act. Using data from the Home Mortgage Disclosure Act, we show that the “jumbo shift” is correlated with being subject to …

developing a new methodology to separate firms' credit shocks from loan supply shocks, using a vast sample of matched bank … bank loan supply net of borrower characteristics and general credit conditions -- can have large impacts on aggregate loan …

Productive firms can access credit markets directly by issuing corporate bonds or by borrowing through financial … intermediaries. In this paper, we study the cyclical properties of corporate credit provision through these two types of debt … instruments in major advanced economies. We argue that the cyclicality of corporate credit is closely related to the cyclicality …

. Payday credit is priced per dollar borrowed, so when that option is available, depositors prone to small overdrafts switch … at banks and other depository institutions increases when depositors have access to payday credit. Our findings …

loan outcomes is scant. Using granular loan-level information from the Italian Credit Register, we build a novel measure of …

this model are consistent with preserving the “to-be-announced,” or TBA, market – particularly if the fixed-rate mortgage …

year while remaining seriously delinquent on their first mortgage. By comparison, about 40 percent of credit card borrowers …We use data from credit reports and deed records to better understand the extent to which second liens contributed to … form of home equity lines of credit (HELOCs) were originated to relatively high-quality borrowers, and originations were …

Fixed-rate mortgages (FRMs) dominate the U.S. mortgage market, with important consequences for monetary policy …

capital. We discuss the implications of selling off some of the utility's mortgage credit risk to the capital markets and how …We explore the capital structure and governance of a mortgage-insuring securitization utility operating with government … for appropriate pricing and transfer of mortgage risks across the private sector and between the private sector and the …