The global financial crisis heralded a new era of macroprudential mortgage regulations such as loan-to-value and loan …-time buyers. In this paper, we examine the introduction of a direct public mortgage, the Rebuilding Ireland Home Loan, which aims … regulatory framework. The scheme enables these lower to middle-income borrowers to access mortgage credit and thus directly …

The banking sector in the United Kingdom (UK) was deeply affected by the crisis. Bank credit has collapsed reflecting … to improve access to finance united under the roof of the British Business Bank. Further structural reforms are needed to …

effects of such a macroprudential policy on mortgage and house price cycles. For identification, we exploit the universe of UK … mortgages and a 15%-limit imposed in 2014 on lenders — not households — for high loan-to-income ratio (LTI) mortgages. Despite …-LTI mortgages. Partial substitution by less-constrained lenders leads to overall credit contraction to low-income borrowers in local …