losses, which helps earnings. Finally, deregistration causes banks to double their troubled mortgage restructurings. These …

Mortgage companies (MCs) do not fall under the strict regulatory regime of depository institutions. We empirically show … that this gap resulted in regulatory arbitrage and allowed bank holding companies (BHCs) to circumvent consumer compliance …

"We show that a significant number of households can perform a tax arbitrage by cutting back on their additional … mortgage payments and increasing their contributions to tax- deferred accounts (TDA). Using data from the Survey of Consumer … Finances, we show that about 38% of U.S. households that are accelerating their mortgage payments instead of saving in tax …

We show that a significant number of households can perform a tax arbitrage by cutting back on their additional … mortgage payments and increasing their contributions to tax-deferred accounts (TDA). Using data from the Survey of Consumer … Finances, we show that about 38% of U.S. households that are accelerating their mortgage payments instead of saving in tax …