, which are free from CRA obligations, to banks in need of CRA-eligible mortgages. Our findings underscore the pitfalls of a …

mortgage tax from being levied on borrowers to being levied on banks; (ii) some areas, for historical reasons, were exempt from … smaller number of lending relationships, not working for the lender, or facing less banks in their zip-code, thereby …-full tax pass-through, the tax shift increases banks' risk-taking. More affected banks reduce costly mortgage insurance in case …

System as a provider of subsidized general liquidity to its members, including the very largest commercial banking …

bank-originated sub-prime mortgages, but only for loans with prepayment penalties. Evidence also indicates that non-banks … price prepayment penalties less favorably to borrowers than banks do, and non-banks originate disproportionately more loans … with prepayment penalties in locales with less financially sophisticated borrowers. State anti-predatory lending law …

-originated subprime mortgages, but only for loans with prepayment penalties. Evidence also indicates that non-banks price prepayment … penalties less favorably to borrowers than banks do, and non-banks originate disproportionately more loans with prepayment … penalties in locales with less financially sophisticated borrowers. State anti-predatory lending law provisions restricting the …

backed securities (MBS) to act as liquidity providers within secondary mortgage markets is beneficial for MBS prices and … dealers' transaction costs. I also demonstrate that the price effects of a charter that allows liquidity provision activities … charter that confers a financing advantage on an MBS guarantor, but restricts liquidity provision activities (Ginnie Mae …