During the COVID-19 pandemic, house prices and mortgage credit rose at a longunseen pace. It is unclear, however … novel approach in the financial s tability literature t o j ointly m easure h ouse price overvaluation and mortgage credit … flow g aps. We find that, by mid-2021, Lithuania was experiencing a heating-up in housing and mortgage credit markets, with …

Long-term fixed-rate mortgage contracts protect households against interest rate risk, yet most countries have … fixation length tracks the life-cycle decline of credit risk in the mortgage market: the loan-to-value (LTV) ratio decreases … using shorter-term contracts. To quantify demand for long-term contracts, I develop a life-cycle model of optimal mortgage …

mortgage panel data to assign performing loans into the appropriate stage. Using this technique, we characterise approximately … 30 per cent of the performing Irish mortgage portfolio at end-2015 as Stage 2.We then calculate backward-looking, static …