Motivated by the assessment of racial discrimination in mortgage pricing, we introduce a new methodology for comparing …. Fourth, we use our methodology to estimate mortgage pricing differentials by race on a novel data set linking 2018--2019 Home … Mortgage Disclosure Act (HMDA) data to Optimal Blue rate locks. We find robust evidence for mortgage pricing differentials by …

Prior to the subprime crisis, mortgage brokers originated about 65% of all subprime mortgages. Yet little is known …

We examine how special interests, measured by campaign contributions from the mortgage industry, and constituent … toward the housing sector during the subprime mortgage credit expansion from 2002 to 2007. Beginning in 2002, mortgage … borrowers. During the expansion years, mortgage industry campaign contributions and the share of subprime borrowers in a …

Technology-based ("FinTech") lenders increased their market share of U.S. mortgage lending from 2% to 8% from 2010 to … 2016. Using market-wide, loan-level data on U.S. mortgage applications and originations, we show that FinTech lenders … process mortgage applications about 20% faster than other lenders, even when controlling for detailed loan, borrower, and …

The U.S. mortgage market links homeowners with savers all over the world. In this paper, we ask how much of the flow of … mortgage servicing costs and an increased legal and regulatory burden. Taken together, the sensitivity to volume and the …

We document the portfolio activity of federal housing agencies and provide evidence on its impact on mortgage markets … in agency mortgage holdings. Based on those regulatory events that we classify as unrelated to short-run cyclical or … credit market shocks, we find that an increase in mortgage purchases by the agencies boosts mortgage lending, in particular …

mortgage products. We identify this activity by comparing borrowers who were rejected by lenders but were subsequently approved …

governmental mortgage guarantee plans, and greater reliance on private mortgage markets. The analysis also considers the likely … consequences of adopting alternative roles for government in the U.S. housing and mortgage markets. We start by reviewing the … history of the GSEs and their contributions to the operation of U.S. housing and mortgage markets, including the actions that …