. First, it demonstrates that the bubble was a supply-side phenomenon attributable to an excess of mispriced mortgage finance …: mortgage-finance spreads declined and volume increased, even as risk increased—a confluence attributable only to an oversupply … of mortgage finance. Second, it explains the mortgage-finance supply glut as resulting from the failure of markets to …

conclude that it likely reflects differential treatment of black neighborhoods by the mortgage industry in ways that are …

Since February 2010, detailed information on every home mortgage default and foreclosure in New York State must be … Mortgage Disclosure Act (HMDA) enables us to identify the race and ethnicity of borrowers who defaulted on their home mortgages …

Since February 2010, detailed information on every home mortgage default and foreclosure in New York State must be … principal balances may reduce the foreclosure rate, but might have an adverse effect on the mortgage industry. Given the …

a mortgage cohort remembers the level of the previous mortgage rate troughs experienced by the cohort. This is a general … prepayment of a cohort is a dynamic self-selection process that evolves by itself according to the encountered mortgage rate …

bank accounts «linking» these two mortgage institutions. We consider properties of lines of SLTP and develop a model for … efficiency of the mortgage system rises for all involved agents – consumers, banks and governments. Finally we analyze the impact …