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

defaulters have both negative equity and enough liquid or illiquid assets to make one month's mortgage payment. This finding …

mortgage contract designs that more directly pass through interest rate declines to borrowers can reduce racial mortgage …

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 …

done to stop it. We use an economic model to focus on two key decisions: the borrower's choice to default on a mortgage and … illustrate that unaffordable loans, defined as those with high mortgage payments relative to income at origination, are unlikely …

The U.S. mortgage market has experienced phenomenal change over the last 35 years. Most observers believe that the … for assessing the impact of changes in the mortgage market on individuals and households. Our analysis is based on an … of the relationship between housing spending and future income as a measure of the imperfectnessʺ of mortgage markets …

Millions of Americans have negative housing equity, meaning that the outstanding balance on their mortgage exceeds …