This paper provides evidence for the propagation of idiosyncratic mortgage supply shocks to the macroeconomy. Based on … micro-level data from the Home Mortgage Disclosure Act for the 1990-2016 period, our results suggest that lender …-specific mortgage supply shocks affect aggregate mortgage, house price, and employment dynamics at the regional level. The larger the …

This paper provides evidence for the propagation of idiosyncratic mortgage supply shocks to the macroeconomy. Based on … micro-level data from the Home Mortgage Disclosure Act for the 1990-2016 period, our results suggest that lender …-specific mortgage supply shocks affect aggregate mortgage, house price, and employment dynamics at the regional level. The larger the …

home price index shocks on mortgage default rates from 1979 to 2000 and from 2001 to 2010. We first fit the model to the … 1979 to 2000 sample and forecast the changes in the national and regional mortgage default rates from 2001 to 2010. The … model did a good job in forecasting the actual changes in the mortgage default rates from 2001 to 2007; however, it failed …