backed securities (MBS) to act as liquidity providers within secondary mortgage markets is beneficial for MBS prices and …In this paper, I find a charter which allows Government Sponsored Enterprises (Fannie Mae) that guarantee mortgage … dealers' transaction costs. I also demonstrate that the price effects of a charter that allows liquidity provision activities …

loans before maturity when in need of liquidity. Loan guarantees improve market liquidity and reduce lending standards, with … market liquidity of these loans due to both selection and commitment. Because of this positive pecuniary externality …-sponsored mortgage guarantees by Fannie Mae and Freddie Mac. …

are much higher than those observed at any point in the 2000s. We describe in this paper how non-bank mortgage companies … are vulnerable to liquidity pressures in both their loan origination and servicing activities, and we document that this … sector in aggregate appears to have minimal resources to bring to bear in a stress scenario. We show how the same liquidity …

The liquidity strains that contributed to the meltdown of the mortgage market in the Global Financial Crisis (GFC) re …-emerged in the Coronavirus 2019 (COVID-19) Crisis. Some of these strains were acute. For example, the dependence of mortgage real … estate investment trusts (REITs) on short-term funding amplified market disruption in March 2020. However, other liquidity …

lending guidelines, and demand in housing construction and mortgage lending has plummeted. Against this background, the paper …. Such liquidity effects can severely reduce the ability or willingness to pay of private investors in the household sector …

-to-sell increase with the relative size of their outstanding mortgages. In turn, the liquidity of the housing market associated with … time-to-sell determines the mortgage standards of competitive lenders, measured by the maximum loan-to-value (LTV) ratio …

"We identify incentives generated by the Bretton Woods II system that may have contributed to the sub-prime liquidity … liquidity crisis is or will become a balance of payments crisis for the United States. Given that it happens, the additional … that will help limit the damage from the liquidity crisis"--National Bureau of Economic Research web site …