The article presents an outline of the principles for granting reverse mortgage loans by banks and other credit … is not to offer a detailed analysis and assessment of the solutions adopted in the new Reverse Mortgage Act, but rather … lifetime annuities, which can in practice distort and subvert the purposes for which the Reverse Mortgage Act was adopted …

This paper examines the impact of bank consolidation on mortgage rates in order to evaluate the extent to which … mortgage markets are competitive. Mortgage markets are decentralized and so rates are determined through a search and … mortgage market is fairly competitive. However, a decomposition of the aggregate treatment effect reveals important …

negotiation process. The mortgage industry has many institutional features which suggest competitiveness: homogeneous contracts …