This paper investigates the transmission mechanism of mortgage premium to characterize the relationship between the … business cycles well. The mortgage premium is crucial for the amplification and propagation of the model to match the data. If …

as higher credit scores, but may also have weaker incentives to maintain mortgage payments when housing values fall …. During the recent housing boom, the share of mortgage borrowing by non-occupant owners was relatively high in states where … Midwestern and Northeastern states reflected primarily a high rate of foreclosure per mortgage, not a high volume of mortgages to …

This paper examines trends in mortgage refinancing activity during the housing boom and bust, with a focus on …-out refinancing. Following the 2007 mortgage market collapse, however, LIMM homeowners were again slower to refinance. This can …

home price index shocks on mortgage default rates from 1979 to 2000 and from 2001 to 2010. We first fit the model to the … 1979 to 2000 sample and forecast the changes in the national and regional mortgage default rates from 2001 to 2010. The … model did a good job in forecasting the actual changes in the mortgage default rates from 2001 to 2007; however, it failed …

mortgage defaults and increasing aggregate home prices in contrast to alternative government fiscal policies designed to loosen … mortgage credit …

housing boom accelerated, fueled by rapid growth in mortgage lending. There is deep disagreement about how, or even if …-prone, which made the mortgage market fragile. Consistent with our theory, the re-emergence of privately-securitized mortgages has …

We investigate an unexplored link between the US mortgage spread and business cycle and house price fluctuations in … emerging market economies (EMEs). An increase in the US mortgage spread leads to substantially lower output, investment … financial channel is the main transmission mechanism through which US mortgage spread shocks affect business and house price …