housing debt to housing values - what we refer to as household leverage - at the micro level. An advantage of our data is that … we are able to study the evolution of household leverage over time and across locations in the United States. We find … defaults under various adverse house price scenarios. We find that while the riskiness of the household sector has declined …

The sensitivity of housing demand to mortgage rates and available leverage is key to understanding the effect of … variables that is independent of confounding factors (such as economic conditions or household characteristics), it is difficult … financing scenarios. We vary down payment constraints, mortgage rates, and non-housing wealth. We find that a relaxation of down …

We study the evolution of US mortgage credit supply during the COVID-19 pandemic. Although the mortgage market …

Technology-based ("FinTech") lenders increased their market share of U.S. mortgage lending from 2 percent to 8 percent … from 2010 to 2016. Using market-wide, loan-level data on U.S. mortgage applications and originations, we show that FinTech … lenders process mortgage applications about 20 percent faster than other lenders, even when controlling for detailed loan …

We study the evolution of US mortgage credit supply during the COVID-19 pandemic. Although the mortgage market … guarantees and loans to the riskiest borrowers. Mortgage-backed securities purchases by the Federal Reserve also supported the …

evidence that CFPB oversight significantly reduces the overall volume of mortgage lending. However, we find some evidence of …

shocks. In this article, the authors use a unique, newly created data set to analyze the evolution of household leverage … the riskiness of the household sector has declined significantly since 2012, when home prices were at their low, the …