panel regressions, housing credit growth is significantly affected by changes in the maximum debt-service-to-income (DSTI … DSTI ratio limit has a significant effect on housing credit growth when we use mean group and panel event study methods …

-to-value levels and permissive mortgage approvals. We revisit the standard user cost model of housing prices and conclude that the …

In this paper we examine the relationship between homeowners' bankruptcy decisions and their mortgage default decisions …

of recent U.S. house price appreciation and subsequent mortgage defaults. We identify the effect of shifts in the supply … of mortgage credit by exploiting within-county variation across zip codes that differed in latent demand for mortgages in … which we refer to as "disintermediation." The increase in disintermediation-driven mortgage supply to high latent demand zip …

exposed to the 2003 acceleration of the private label mortgage securitization (PLS) market witnessed a sudden and large … increase in mortgage originations and house prices from 2003 to 2006, followed by a collapse in house prices from 2006 to 2010 … volume from 2003 to 2006, and helped trigger the mortgage default crisis in 2007 …

mortgage design interact with monetary policy? We answer these questions using a quantitative equilibrium life cycle model with … policy. Designs that raise mortgage payments in booms and lower them in recessions do better than designs with fixed mortgage … concentrate them in recessions outperform designs that spread payment reductions over the life of the mortgage. Front …

We study the relationship between homebuyers' beliefs about future house price changes and their mortgage leverage … choices in the U.S. housing market. Our data combine mortgage financing information and a housing market expectations survey …