almost half of purchase mortgage originations were associated with investors. In part by apparently misreporting their …

An expansion in mortgage credit to subprime borrowers is widely believed to have been a principal driver of the 2002 … purchase mortgages to subprime borrowers. We also document that the expansion in speculative mortgage products and underwriting …

We build a model of the mortgage market where banks attain their optimal mortgage portfolio by setting rates and … "steering" customers. "Sophisticated" households know which mortgage type is best for them, while "naïve" ones are susceptible …

We build a model of the mortgage market where banks attain their optimal mortgage portfolio by setting rates and … steering customers. Sophisticated households know which mortgage type is best for them; naive households are susceptible to … implications of steering. The average cost of the distortion is equivalent to 16% of the annual mortgage payment. A financial …

The Danish financial sector is big and there is a high degree of inter-connectedness between banks, mortgage …