This paper reviews recent literature on how households make decisions regarding residential mortgages. We focus on recent publications in Real Estate Economics that are related to households' mortgage choices. The paper covers four areas: (1) the role of intermediaries such as mortgage brokers;...

We document economically important correlations between children's future credit outcomes and their parents' credit risk scores, default, and the extent of credit constraints - intergenerational linkages in household credit. Using observations on siblings, we find that the linkages are due to...