government backing of the mortgage market. Nonetheless, the dominance of the crown corporation CMHC in the mortgage insurance … market concentrates a significant amount of risk in public finances. Improving competitive conditions in the mortgage …

The late 1990s through the mid-2000s was a period of historic growth in mortgage lending and house prices and there is … with the view that the house price boom was caused by an expansion in the supply of mortgage credit, primarily benefiting … borrowers and neighborhoods which previously had the most limited access to mortgage credit. In particular, the evidence can be …

We show that a contraction of mortgage supply after the Great Recession has increased housing rents. Our empirical …

In assessing the riskiness of a mortgage loan, one of the primary underwriting criteria used by lenders and one of the …. In this paper, we address mortgage default from a new perspective: instead of focusing on the overall property value, we … the players in the mortgage industry and for policy makers is that, in order to have the same default rate, a property …

conditions required by the banking system to grant a mortgage. The authors find that easier access to credit inflates housing …

This paper investigates the housing and mortgage markets by means of an agent-based macroeconomic model of a credit … households’ creditworthiness conditions required by banks in order to grant a mortgage. Results show that easier access to credit …

home price index shocks on mortgage default rates from 1979 to 2000 and from 2001 to 2010. We first fit the model to the … 1979 to 2000 sample and forecast the changes in the national and regional mortgage default rates from 2001 to 2010. The … model did a good job in forecasting the actual changes in the mortgage default rates from 2001 to 2007; however, it failed …

associated with the liquidation of collateralized debt. Using the mortgage market as a laboratory, we conjecture that lenders …

asymptotically normal. Applying my estimator to the subprime mortgage crisis, I quantify what caused the foreclosure rate to triple … standards, with a 10% decline in home prices increasing subprime mortgage default rates by 50% …