Adjustable rate mortgages (ARMs) made a dramatic entry into the U.S. mortgage market subsequent to the passage of the … a first mortgage had declined to 11% and the use of ARM's was often then described as a tool for affordability - since … the rates are commonly lower than for a fixed rate mortgage for a given repayment risk class of borrower. By 2013 the …

mortgage contract designs that more directly pass through interest rate declines to borrowers can reduce racial mortgage …

Buying a house changes a household's balance sheet by simultaneously reducing liquidity and introducing mortgage …, a new mortgage acquisition has a robust and statistically significant positive effect on credit card utilization - the … acquisition of a new mortgage, consistent with larger down payments leaving households more constrained. …

lending guidelines, and demand in housing construction and mortgage lending has plummeted. Against this background, the paper …