increase with the mortgage interest rate. These theoretical results are supported by empirical analysis, which also shows that …

towards mortgage indebtedness. We find that a given debt burden creates much higher distress in countries with fewer mortgage … holders relative to countries where a significant part of households uses mortgage debt. This effect is net of ppp …. - Mortgage debt ; credit markets ; financial distress ; household finance ; peer effects …

the tax rebate for mortgage interest payments is driven down by relatively low loanto- value ratios in the data. However …, at the margin, the tax-induced incentive to use mortgage debt to finance the purchase of the main residence is sizable. …

real house price, residential investment and mortgage debt on the two sides of the Atlantic. Then, it presents evidence …

This paper studies how mortgage borrowers and house prices react to a tightening of mortgage limits following a policy … leverage (LTV) of the mortgage. Using a difference-in-difference methodology, I find that groups of (poorer) borrowers, who …-to-value threshold, responded primarily by reducing the LTV of the mortgage. Borrowers who purchase cheaper houses could be buying …