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 …

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

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 …

In this paper, we provide an overview of the subprime mortgage securitization process and the seven key informational … how rating agencies assign credit ratings to mortgage-backed securities, and outline how these agencies monitor the … performance of mortgage pools over time. Throughout the paper, we draw upon the example of a mortgage pool securitized by New …

and 2007 nonprime vintages becomes more understandable. -- Housing ; mortgage default ; subprime mortgages …

and rising mortgage interest rates on household mobility. We find that both factors lead to lower, not higher, mobility … misplaced. It does indicate that, in the past, the mortgage lock-in effects of these two factors were dominant over time …. Policymakers may wish to begin considering the consequences of mortgage lock-in and reduced household mobility because they are …

Mortgage modifications have become an important component of public interventions designed to reduce foreclosures. In … this paper, we examine how the structure of a mortgage modification affects the likelihood of the modified mortgage re … through principal forgiveness as opposed to lower interest rates. -- Mortgage modifications ; subprime …