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

The Federal Reserve's Comprehensive Capital Analysis and Review (CCAR) requires large bank holding companies (BHCs) to … median bank range from the 90th percentile to above the 99th percentile of the operational loss distribution …

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

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 …, refinancing mortgages is often very costly. We propose a new fixed-rate mortgage, called the Fixed-Payment-COFI mortgage (or …

have higher mortgage delinquency and charge-off rates and significantly higher probabilities of failure during the last … financial crisis even after controlling for capital, liquidity, and other standard bank performance measures. While high price … stronger capital buffers. Our results suggest that there is scope for improved measures of mortgage loan risk that could be …

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 …

, operational risk practitioners, bank analysts, and regulators must develop reasonable methods to assess the efficacy of …