Mortgage companies (MCs) originated about 60% of all mortgages before the 2007 crisis and continue to hold a 30% market … regulatory arbitrage creates incentives for BHCs to engage in risk shifting through their MC affiliates. We show that MCs are …

Mortgage companies (MCs) originated about 60% of all mortgages before the 2007 crisis and continue to hold a 30% market … regulatory arbitrage creates incentives for BHCs to engage in risk shifting through their MC affiliates. We show that MCs are …

In Austria, the share of foreign currency mortgages in total household debt has been increasing since the late 1990s … currency borrowers just less risk averse and better able to absorb risks than their domestic currency counterparts? We employ a … differences along risk buffers. Hence we estimate conditional counterfactual distributions in order to calculate the differences …