determinants of access to mortgage finance. It also examines whether mortgage holders were more likely to suffer financial distress … compared with non-mortgage holders in the period before the global financial crisis. The analysis does not find any systematic … evidence that mortgage holders are financially more vulnerable than renters or outright owners; in fact, the incidence of …

Authority (FSA) has identified mortgage amortization requirements as a potential instrument for reducing indebtedness; and has …-style mortgage contracts, which differ substantially from U.S.-style contracts. I then evaluate the policy changes in an incomplete … markets model with three types of debt and a novel mortgage contract specification that is cali- brated to match Swedish micro …