predictable default risk, GSE mortgage rates for otherwise identical loans do not vary spatially. In contrast, the private market … does set interest rates which vary with local risk, and we postulate that the lack of regional variation in GSE mortgage … depends on how they affect local interest rates. In the U.S., most borrowing occurs through the mortgage market and is …

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 …

young, low net-worth households are able to get a mortgage and buy a house, and current (old) home-owners benefit from the …

The U.S. mortgage finance system was one of the focal points of the 2007-08 financial crisis, yet legislative decisions … September 2008. The two GSEs have long been the centerpieces of a mortgage finance system that relies on capital market …, equitable, and financially sound mortgage system in the future …

mortgage rates. The Federal Reserve's accumulation of MBS and Treasury securities lowered MBS yields and mortgage rates by more …We conduct an empirical analysis of the Federal Reserve's large-scale asset purchases (LSAPs) on MBS yields and … Reserve must hold a substantial market share of agency MBS or of Treasury securities to significantly lower MBS yields and in …

emphasis on the US mortgage markets, as they were the epicenter of this crisis. We synthesize the insights the literature …

We analyze link between mortgage-related regulatory penalties levied on banks and the level of systemic risk in the U …

of the Danish mortgage finance system and compare and contrast it to the U.S. system. We also note characteristics of the … Danish model that may be of interest as the United States considers further mortgage finance reform. In particular, the … borrowers the option to repurchase their mortgage at the market price, mitigating "lock-in" effects. Danish mortgage …