mortgage crisis, which, in contrast to the preceding housing boom, was not accompanied by a rise in homeownership rates. Using …

reasons, anticipating the possibility of income declines and the need to make mortgage payments in future periods. Mortgage …

risk in the mortgage market raises the default rate and spreads to the rest of the economy, creating a recession. In our … model two shocks are well suited to replicate the subprime crisis and the Great Recession: the mortgage risk shock and the …. This policy is successful in stabilizing the mortgage market and makes all agents better off. …

mortgage finance can be seen building across several dimensions that need to be addressed. While reforms to the GSEs are an … important part of dealing with these concerns, this paper argues that broader changes need to be made across the entire mortgage …

points increase in annual growth rate of mortgage lending by CRA-regulated banks to CRA-eligible census tracts relative to a … the CRA, however, do not show any change in their mortgage supply between these two types of census tracts after 1998. I … take advantage of this exogenous shift in mortgage supply within an instrumental variable framework to identify the causal …

points increase in annual growth rate of mortgage lending by CRA-regulated banks to CRA-eligible census tracts relative to a … the CRA, however, do not show any change in their mortgage supply between these two types of census tracts after 1998. I … take advantage of this exogenous shift in mortgage supply within an instrumental variable framework to identify the causal …

enhancement in CRA enforcement in 1998 increased the growth rate of mortgage lending by CRA-regulated banks to CRA-eligible census … in mortgage supply of regulated banks. Consequently, these census tracts experienced a worse housing bust. I find that …

enhancement in CRA enforcement in 1998 increased the growth rate of mortgage lending by CRA-regulated banks to CRA-eligible census … in mortgage supply of regulated banks. Consequently, these census tracts experienced a worse housing bust. I find that …

-up to the 2007-09 global financial crisis; (2) the increase in housing demand in response to lower mortgage interest rates …

-income rental assistance and policies to promote homeownership through interventions in mortgage markets. We describe the rationales …