contacts drastically in the beginning, to almost eradicate the epidemic, and keeps them at around a third of pre … epidemic in the laissez faire, though at a prevalence of infections much higher than optimal. Impure altruistic behaviour …

The 30-year fixed-rate fully amortizing mortgage (or "traditional fixed-rate mortgage") was a substantial innovation … accumulation, many lenders require large down payments. Second, in each monthly mortgage payment, homeowners substantially …. To resolve these three flaws, we propose a new fixed-rate mortgage, called the Fixed-Payment-COFI mortgage (or "Fixed …

securitization and mortgage credit markets. An endogenous securitization market efficiently reallocates illiquid assets, increases … liquidity to fund mortgage lending, and lowers mortgage rates for households. However, its benefits are hindered by originators … risk induce expansion and contractions of mortgage credit through the securitization liquidity channel. Adverse selection …

The federal mortgage policy, the conforming loan limit (CLL), was spatially uniform before the recent financial crisis … declines, lenders raise jumbo loan approval rates, extend credit to riskier borrowers, lower mortgage rates to defend short …

The Dodd-Frank Act tasks regulators with defining a Qualified Residential Mortgage (QRM) as an exemption from risk … retention for residential mortgage-backed securities. Congress instructs regulators to consider factors that result in lower … implications for current and future policy on residential mortgage securitization, risk retention, and disclosure …