Federal Housing Administration (FHA) mortgage insurance program. The suits led to more than $5 billion in settlements and … exit has significantly reduced low-income households' overall access to mortgage credit. …

mortgage finance. We describe the special features of these two companies and their roles in the mortgage markets. We then …

This paper examines two major forces that may soon increase competition in the U.S. secondary conforming mortgage … market: 1) the expansion of Federal Home Loan Bank mortgage purchase programs, and 2) the adoption of revised risk …

MREITs – levered shadow banks that invest in guaranteed U.S. Agency mortgage-backed securities (MBS) principally funded with …

An expansion in mortgage credit to subprime borrowers is widely believed to have been a principal driver of the 2002 …

We study how the Federal Reserve's quantitative easing (QE) influenced the behavior of Agency mortgage REITs – a set of … institutions identified by the Financial Stability Oversight Council as posing systemic risk. We document that Agency mortgage …

The U.S. mortgage finance system was one of the focal points of the 2007-08 financial crisis, yet legislative decisions … September 2008. The two GSEs have long been the centerpieces of a mortgage finance system that relies on capital market …, equitable, and financially sound mortgage system in the future …

in subprime private-label mortgage-backed securities (PLS), influenced the risk characteristics and prices of the deals … and Freddie Mac purchased securities included separate mortgage pools: one specifically created for the GSEs and one or … and Freddie Mac had similar ex-ante risk characteristics but performed much better ex-post relative to other mortgage …

In response to the wave of residential mortgage foreclosures in the past few years, federal, state and local government … seeks to estimate the negative effects of residential mortgage foreclosures. This review suggests that foreclosed properties …