mortgage credit in Spain, where house prices and mort­gage credit have experienced high growth in recent years prior to the … suggest that a regime shift in mortgage lending occurred in 2001 in Spain — where mortgage credit securitization substantially … mortgage credit and house prices remains largely unexplained. This paper analyzes the relationship between house prices and …

In this paper, we investigate whether evidence of discriminatory treatment against immigrants in the Spanish mortgage …-Blinder decomposition to measure the extent to which this disparate treatment of lenders in mortgage pricing against immigrants is due to …

risk composition channel of income inequality. Following a rise in income inequality house prices and mortgage debt decline …

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 …

financial crisis - the mortgage credit cycle and the home price cycle. In the viewpoint of mortgage lending, the main demand … (UCC) for owning between 2002-2006. UCC was, in turn, influenced by three key factors - the record low mortgage interest … as a significant shift factor in the demand side. In the supply-side, the main drivers for the boom-bust of mortgage …

government backing of the mortgage market. Nonetheless, the dominance of the crown corporation CMHC in the mortgage insurance … market concentrates a significant amount of risk in public finances. Improving competitive conditions in the mortgage …

The most frequent mortgage loans in the US behave according to nominal interest rates with level loan payments (NRMs … increase of real payments in the early years of the mortgage due to higher inflation (Lessard and Modigliani, 1975), causes …

Borrowers in states with non-recourse mortgage law face limited liability on their mortgage loans. We show that non …. We find that mortgage lending pricing does not fully reflect the higher risk in non-recourse states because the emergence …

This paper investigates the impact of the non-recourse vs. recourse mortgage on the housing price dynamics in American …

young, low net-worth households are able to get a mortgage and buy a house, and current (old) home-owners benefit from the …