Why did the mortgage market prosper in 2020 and 2021 during a period of extreme economic uncertainty? We find that … and policies to stabilize mortgage intermediaries, played a significant role in supporting the mortgage and housing … highlights the potential benefits of alternative mortgage designs that allow rates on existing mortgages to fall automatically …

Studies on denial rates in mortgage lending do not adequately account for lender heterogeneity due to divergent … underwriting or regulatory practices. Using a sample of over two million home purchase mortgage applications from the Home Mortgage … counterfactual experiments to predict the denial rates of individual lenders if they evaluate all mortgage applications in the …

We study the evolution of US mortgage credit supply during the COVID-19 pandemic. Although the mortgage market … guarantees and loans to the riskiest borrowers. Mortgage backed securities purchases by the Federal Reserve also supported the …

We study the evolution of US mortgage credit supply during the COVID-19 pandemic. Although the mortgage market … guarantees and loans to the riskiest borrowers. Mortgage-backed securities purchases by the Federal Reserve also supported the …

We study the evolution of US mortgage credit supply during the COVID-19 pandemic. Although the mortgage market …

We study the evolution of US mortgage credit supply during the COVID-19 pandemic. Although the mortgage market … guarantees and loans to the riskiest borrowers. Mortgage-backed securities purchases by the Federal Reserve also supported the …

We study how intermediaries-mortgage servicers-shaped the implementation of mortgage forbearance during the COVID-19 … increased mortgage nonpayment but also reduced delinquencies outside of forbearance. Part of the liquidity from forbearance was …

Using a novel database that combines mortgage servicing records, credit-bureau data and loan application information … higher rates. Finally, we examine longer-term solutions for identifying and resolving an estimated 2.8 million mortgage loans …

-emerged in the Coronavirus 2019 (COVID-19) Crisis. Some of these strains were acute. For example, the dependence of mortgage real …The liquidity strains that contributed to the meltdown of the mortgage market in the Global Financial Crisis (GFC) re … pressures had only minor repercussions for the overall mortgage market because of reforms since the GFC, a heavy government …

Mortgage forbearance, where monthly scheduled payments are paused, was widely activated in response to the COVID-19 … forbearance performance of residential mortgage loans held or serviced by largest national banks. We find that the forbearance …