growth of alleviating housing shortages by improving access to mortgage financing. …This paper argues that making affordable home mortgage loans available to a large cross section of the population will … serve both the redistributive and growth-enhancing objectives of poverty reduction policies. The current state of housing …

This paper incorporates house price risk and mortgages into a standard incomplete market (SIM) model. The model is … life-cycle profile of home ownership, and the mortgage default rate. The average coefficients that measure the agents …' ability to self-insure against income shocks are similar to those of a SIM model without housing but housing increases the …

role of the Government Sponsored Enterprises in facilitating the creation of a secondary market for mortgage … analyzes the role of tax deductions in housing finance, including their impact on homeownership and housing consumption. The …-backed securities is also analyzed as well as the role of the Federal Housing Administration. Cross-country comparisons of how housing …

-bust housing cycle. Using comprehensive data on mortgage originations, which we aggregate at the county level, we first establish … carefully control for counties' economic, demographic, and housing market characteristics using both parametric and semi … volatility on the housing market during the recent boom-bust episode. …

groups are found to be driven mostly by income and trends in user costs, and housing markets in these countries seem … to explain, although ample supply, low home ownership, and less complete mortgage markets are likely factors. The impact … of macroeconomic, prudential and structural policies on housing markets can be large and should be a factor in policy …

measured small degree of overvaluation suggests that the Canadian housing market is essentially at equilibrium. …

the recent movements in the average price index have reflected a nationwide housing boom, followed by a nationwide housing …

This paper documents developments in mortgage credit and the housing sector in Latin America over the past decade, and … compares them with those of other emerging economies. In particular, it examines the real estate and mortgage markets to assess … whether (i) growth in mortgage credit is excessive compared to long-term trends; (ii) trends in house prices reflect changes …

capita consumer spending volatility this decade; (ii) a downward price correction occurred in the housing market after 2007 …This paper examines housing finance and housing price dynamics in selected emerging Middle Eastern economies over the … past two decades. It finds that (i) mortgage markets have experienced rapid development, which has led to lower private per …

outlook for the Mexican RMBS market and draws some lessons from the recent U.S. subprime mortgage market problems. … legislative and institutional reforms leading to the development of primary and secondary mortgage markets and reports the main …