The 30-year fixed-rate fully amortizing mortgage (or "traditional fixed-rate mortgage") was a substantial innovation … accumulation, many lenders require large down payments. Second, in each monthly mortgage payment, homeowners substantially …. To resolve these three flaws, we propose a new fixed-rate mortgage, called the Fixed-Payment-COFI mortgage (or "Fixed …

consistent with the hypothesis that the act's restrictions on risk management practices contributed to a large decline in bank …

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

We construct a novel U.S. data set that matches bank holding company credit default swap (CDS) positions to detailed U …