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 …

Nonlocal mortgage lenders with greater exposure to high-growth housing markets accept fewer loan applications in these … lenders' exposure to high-growth markets is associated with more risk, more efficiency, and more return on mortgage portfolios …

macroeconomic policies to address these concerns. This paper looks at proposals to shore up the mortgage underwriting and legal …

After a number of warning signs, the U.S. ""subprime mortgage crisis"" became a headline issue in February 2007 …. Notwithstanding the bankruptcy of numerous mortgage companies, historically high delinquencies and foreclosures, and a significant …

mortgage interest rate leads to a 20 percent decrease in a typical bank''s distance to default. Finally, we look at the cross …

Why are housing markets so prone to boom-bust cycles? The mortgage market structure prior to the Savings and Loan … subsequent development of a national, market-based system of securitized mortgage finance has damped this boom-bust cycle. We …