Why did the mortgage market prosper in 2020 and 2021 during a period of extreme economic uncertainty? We find that … and policies to stabilize mortgage intermediaries, played a significant role in supporting the mortgage and housing … highlights the potential benefits of alternative mortgage designs that allow rates on existing mortgages to fall automatically …

Studies on denial rates in mortgage lending do not adequately account for lender heterogeneity due to divergent … underwriting or regulatory practices. Using a sample of over two million home purchase mortgage applications from the Home Mortgage … counterfactual experiments to predict the denial rates of individual lenders if they evaluate all mortgage applications in the …

The coronavirus (COVID-19) pandemic has halted economic activity worldwide, hurting firms and pushing them toward …

We study the evolution of US mortgage credit supply during the COVID-19 pandemic. Although the mortgage market …

We study the evolution of US mortgage credit supply during the COVID-19 pandemic. Although the mortgage market … guarantees and loans to the riskiest borrowers. Mortgage-backed securities purchases by the Federal Reserve also supported the …

We study how intermediaries-mortgage servicers-shaped the implementation of mortgage forbearance during the COVID-19 … increased mortgage nonpayment but also reduced delinquencies outside of forbearance. Part of the liquidity from forbearance was …

well as national governments in the euro area during the coronavirus (COVID-19) pandemic to support lending to the real …