significant role in the subprime mortgage boom and bust by pushing banks to make loans to risky borrowers …

We analyze link between mortgage-related regulatory penalties levied on banks and the level of systemic risk in the U …

The extension of the subprime mortgage crisis to a global financial meltdown led to calls for fundamental reregulation … ; subprime crisis ; mortgage affiliate regulation …

This paper studies a largely overlooked and important segment of the mortgage market in explaining the recent financial …

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 …

strategically as their home value falls below the mortgage value (exercise the put option to default on their first mortgage). While … current but stand behind a seriously delinquent first mortgage, are subject to a high risk of default. On the other hand … that the various mortgage loss mitigation programs also play a role in providing incentives for homeowners to default on …

guarantee and the potential high cost for mortgage holders or the government. In addition to the creation of an explicit … adoption of mortgages—such as the “Fixed-COFI” mortgage—that build homeowner equity faster than the thirty-year fixed …-rate mortgage favored by the GSEs. With such mortgages, homeowners are better able to weather economic downturns …