We provide new evidence that credit supply shifts contributed to the U.S. subprime mortgage boom and bust. We collect … original data on both government and private mortgage insurance premiums from 1999-2016, and document that prior to 2008 …

researchers to depend on data from insurance company portfolios or the commercial mortgage backed securities (CMBS) market …

This paper investigates the relationship between securitization activity and the extension of subprime credit. The … the years 2003-2005. Second, the securitization of subprime loans increased substantially over the same time period … securitization activity of investment banks was driven by forces exogenous to factors impacting lending decisions in the primary …

frictions in the mortgage securitization process. This paper finds little evidence that the securitization process impeded the …A leading explanation for the lack of widespread mortgage renegotiation during the financial crisis is the existence of … representative dataset on seriously delinquent mortgage borrowers from the first quarter of 2005 through the third quarter of 2008 …

mortgage interest rate leads to a 20 percent decrease in a typical bank''s distance to default. Finally, we look at the cross …

conditions required by the banking system to grant a mortgage. The authors find that easier access to credit inflates housing …

This paper investigates the housing and mortgage markets by means of an agent-based macroeconomic model of a credit … households’ creditworthiness conditions required by banks in order to grant a mortgage. Results show that easier access to credit …

The late 1990s through the mid-2000s was a period of historic growth in mortgage lending and house prices and there is … with the view that the house price boom was caused by an expansion in the supply of mortgage credit, primarily benefiting … borrowers and neighborhoods which previously had the most limited access to mortgage credit. In particular, the evidence can be …