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 …

€“expectations about the path of future house prices – affects the size and timing of provisions for first-lien residential mortgage …

collateral for that lending was tied up in the bankruptcy process. I study the implications of such lender default using a … contagion through endogenous collateral price. Borrowers diversify their lenders because of the counterparty risk, but they have …

strategic default while economizing on costly collateral. In either case, participants independently choose the efficient …

have higher mortgage delinquency and charge-off rates and significantly higher probabilities of failure during the last … stronger capital buffers. Our results suggest that there is scope for improved measures of mortgage loan risk that could be …