excess rate of a mortgage after accounting for borrower, contract, and regional characteristics. These effects are stronger … for mortgages sold to less sophisticated consumers. We exploit regional variation in mortgage advertising induced by the …

We provide a framework for empirical analysis of negotiated-price markets. Using mortgage market data and a search and …

interest rates of short-term fixed-rate mortgages (the dominant product in Canada's mortgage market) have to be reset according …We study the causal effect of mortgage rate changes on consumer spending, debt repayment, and defaults during an … expansionary and a contractionary monetary policy episode in Canada. Our identification takes advantage of the fact that the …

One of the most important channels through which monetary policy affects the real economy is changes in mortgage rates …. This paper studies the effects of mortgage rate changes resulting from monetary policy shifts on homeowners’ spending, debt … renewals with the mortgage rate reset based on the prevailing market rate. This allows us to exploit quasi-random variation in …

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 …

's finances and for functioning competitive markets, but switching rates are low. We conducted an experiment with mortgage …-holders to test whether official advice on how to select good mortgage products and how to navigate the switching process alters …

We show that as nonbanks' market share increases in a local residential mortgage market, the quality of mortgage … Reserve, and (2) mortgage industry surety bonds required by each state confirm this finding. We find evidence that as nonbanks …

unsecured personal loans and mortgage loans. We investigate whether fintech firms are more likely than other lenders to reach … banks to offer mortgage credit to consumers with lower income, lower-credit scores, and those who have been denied credit in … personal loans and mortgage loans, fintech firms are more likely than other lenders to reach out and offer credit to nonprime …