mortgage companies that had no legal right to foreclose. Lisa Epstein, Michael Redman, and Lynn Szymoniak did not work in … while struggling with their shame and isolation they committed a revolutionary act: closely reading their mortgage documents …

governmental mortgage guarantee plans, and greater reliance on private mortgage markets. The analysis also considers the likely … consequences of adopting alternative roles for government in the U.S. housing and mortgage markets. We start by reviewing the … history of the GSEs and their contributions to the operation of U.S. housing and mortgage markets, including the actions that …

willingness of originators to initiate loans. Since the supply of loanable funds is larger, mortgage rates are lower than would …

We use a novel approach to calculate individual “financial literacy score” for a large set of California mortgage … borrowers and then investigate the relation between financial literacy and mortgage outcomes. We find borrowers with low … are more likely to default. Our estimates show that financial literacy is economically significant where mortgage outcomes …