the CRT programs have been successful in reducing the exposure of the federal government to mortgage credit risk without … disrupting the liquidity or stability of mortgage secondary markets. In the process, the programs have created a new financial … market for pricing and trading mortgage credit risk, which has grown in size and liquidity over time. The CRT programs …

of the Danish mortgage finance system and compare and contrast it to the U.S. system. We also note characteristics of the … Danish model that may be of interest as the United States considers further mortgage finance reform. In particular, the … borrowers the option to repurchase their mortgage at the market price, mitigating "lock-in" effects. Danish mortgage …

year while remaining seriously delinquent on their first mortgage. By comparison, about 40 percent of credit card borrowers … and 70 percent of auto loan borrowers will continue making payments a year after defaulting on their first mortgage …

This paper analyzes the relationship between changes in borrowers' monthly mortgage payments and future credit …' monthly mortgage payments for a large sample of prime adjustable-rate mortgages. Applying a 26 percent average monthly payment …

We study how intermediaries-mortgage servicers-shaped the implementation of mortgage forbearance during the COVID-19 … increased mortgage nonpayment but also reduced delinquencies outside of forbearance. Part of the liquidity from forbearance was …

this model are consistent with preserving the 'to-be-announced,' or TBA, market - particularly if the fixed-rate mortgage …

evidence that CFPB oversight significantly reduces the overall volume of mortgage lending. However, we find some evidence of …