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

mortgage market, spillovers into broader credit market, the liquidity crisis epitomized by the fallout of Northern Rock, Bear … elevated market, credit and liquidity risks. Since its original outbreak induced by the demise of the subprime mortgage market … and the mortgage-backed securities in the U.S., the crisis has reverberated across other credit areas, structured …

The aim of this paper is to review the international evidence on the impacts of mortgage interest deductions on …

This paper looks at the United States sub-prime mortgage crisis, exploring some of the factors leading to the crisis …

securitization. Elsewhere securitization has not developed. The US provided the underpinnings for its mortgage security … infrastructure with the creation of FNMA in 1938 and in order to create liquidity in the mortgage market required the standardization … of mortgage documentation and more fundamentally required that home mortgages within securities would be sufficiently …

highest percentage of households in arrears in Italy and Spain. The probability of being late in repaying mortgage is lower … second part of the paper, we assess how much the price of the mortgage is linked to the household specific credit risk, as … measured by its predicted probability of being in arrears on mortgage. This analysis regards only Italian households for which …

This paper assesses how the degree of the mortgage market flexibility alters the effect of a residential house price … credit and GDP response to a house price shock in countries with a more flexible mortgage market …