mortgage refinancing activity and spur consumption by focusing on the Home Affordable Refinance Program (HARP). The policy … interventions, pass-through of monetary policy through household balance-sheets and design of the mortgage market …Using loan-level mortgage data merged with consumer credit records, we examine the ability of the government to impact …

mortgage refinancing activity and spur consumption by focusing on the Home Affordable Refinance Program (HARP). The policy … interventions, pass-through of monetary policy through household balance-sheets and design of the mortgage market …Using loan-level mortgage data merged with consumer credit records, we examine the ability of the government to impact …

Using proprietary loan-level data, we examine the ability of the government to impact mortgage refinancing activity and … spur consumption by focusing on the Home Affordable Refinancing Program (HARP). The policy relaxed housing equity …. Difference-in-difference tests based on program eligibility criteria reveal a significant increase in refinancing activity by …