This chapter considers the structure of mortgage finance in the U.S., and its role in shaping patterns of homeownership … the design features of mortgage contracts that distinguish them from other loans, and that have important implications for … issues presented in the rest of the chapter. We then explain how mortgage finance interacts with public policy, particularly …

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 …

Technology-based ("FinTech") lenders increased their market share of U.S. mortgage lending from 2 percent to 8 percent … 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 percent faster than other lenders, even when controlling for detailed loan …

this model are consistent with preserving the “to-be-announced,” or TBA, market – particularly if the fixed-rate mortgage … remains a focus of public policy. -- GSE ; MBS ; mortgage …

The mortgage default decision is part of a complex household credit management problem. We examine how factors … affecting mortgage default spill over to other credit markets. As home equity turns negative, homeowners default on mortgages … intensify the preservation of credit cards over housing debt. Although mortgage non-recourse statutes increase default on all …

We explore the capital structure and governance of a mortgage-insuring securitization utility operating with government … for appropriate pricing and transfer of mortgage risks across the private sector and between the private sector and the … mortgage guarantee fee, whose size we find is most sensitive to the required capital ratio and the expected return on that …

almost half of purchase mortgage originations were associated with investors. In part by apparently misreporting their …