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 …

This paper studies how tightening monetary policy transmits to the economy through the mortgage market and sheds new …, regions with historically high DTI ratios exhibited greater reductions in mortgage originations, house prices, and consumption …

This paper assesses the probable impact on S&Ls' profitability and participation in mortgage markets of The Depository …&L mortgage holdings between 1965 and 1979 and argues(contrary to conventional wisdom) that deposit-rate ceilings proved no more … and state restrictions on S&L loan opportunities and on mortgage lenders' ability to design and to price mortgage …

a house in coastal areas may be at increasing risk of defaulting on their mortgage. Commercial banks have the ability to … Mortgage Association, commonly known as Fannie Mae, and the Federal Home Loan Mortgage Corporation, known as Freddie Mac. In … or default. A structurally estimated model of mortgage pricing with asymmetric information suggests that bunching at the …

This paper explores the practice of mortgage refinancing in a dynamic competitive lending model with risky borrowers … prevents the mortgage pools from becoming disproportionately composed of the riskiest borrowers over time. Mortgages with … prepayment penalties allow lenders to lower mortgage rates and extend credit to the least creditworthy, with the largest benefits …

As the role of mortgage brokers in mortgage origination grew from insignificant in the 1980s to dominant in recent … regulated the business, largely by creating and tightening occupational licensing requirements for mortgage brokers. The … question of whether increased occupational licensing of mortgage brokers improves consumer outcomes is theoretically ambiguous …

The U.S. mortgage market has experienced phenomenal change over the last 35 years. This paper develops and implements a … technique for assessing the impact of changes in the mortgage market on households. Our framework, which is based on the …

mortgage payments and increasing their contributions to tax-deferred accounts (TDA). Using data from the Survey of Consumer … Finances, we show that about 38% of U.S. households that are accelerating their mortgage payments instead of saving in tax …