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If mortgage borrowers default strategically, their future house price expectations should affect their present mortgage …
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We document the portfolio activity of federal housing agencies and provide evidence on its impact on mortgage markets … in agency mortgage holdings. Based on those regulatory events that we classify as unrelated to short-run cyclical or … credit market shocks, we find that an increase in mortgage purchases by the agencies boosts mortgage lending, in particular …
Persistent link: https://www.econbiz.de/10012963173
Persistent link: https://www.econbiz.de/10012260650
We document the portfolio activity of federal housing agencies and provide evidence on its impact on mortgage markets … in agency mortgage holdings. Based on those regulatory events that we classify as unrelated to short-run cyclical or … credit market shocks, we find that an increase in mortgage purchases by the agencies boosts mortgage lending, in particular …
Persistent link: https://www.econbiz.de/10012455527
The exact cause of the massive defaults and foreclosures in the U.S. subprime mortgage market is still unclear. This … a role. We measure several aspects of financial literacy and cognitive ability in a survey of subprime mortgage … borrowers who took out mortgages in 2006 or 2007 and match these measures to objective data on mortgage characteristics and …
Persistent link: https://www.econbiz.de/10008664618
This paper analyzes the role of uncertainty in a multi-sector housing model with financial frictions. We include time varying uncertainty (i.e. risk shocks) in the technology shocks that affect housing production. The analysis demonstrates that risk shocks to the housing production sector are a...
Persistent link: https://www.econbiz.de/10009733806
The exact cause of the massive defaults and foreclosures in the U.S. subprime mortgage market is still unclear. This … a role. We measure several aspects of financial literacy and cognitive ability in a survey of subprime mortgage … borrowers who took out mortgages in 2006 or 2007 and match these measures to objective data on mortgage characteristics and …
Persistent link: https://www.econbiz.de/10013069902