The English law of mortgage is remarkable. Its complexity rivals that of Euler's equation and could, in the same manner … fundamental shifts in the socio-economic context in which it operates. The stability apparent within the law of mortgage, it will … of the mortgage relationship to be ‘regulated' through more malleable processes such as contractual ‘negotiation …

This article examines the impact of regulation on lending standards during the mortgage boom. We exploit the overall … how inconsistent regulation of mortgage lenders has resulted in risky lending being increasingly channeled through the … regulatory wedge between banks and independent mortgage companies (IMCs) and a variation in this regulatory wedge across states …

We show that the lightly regulated non-bank mortgage originators contributed disproportionately to the recent boom …-bust housing cycle. Using comprehensive data on mortgage originations, which we aggregate at the county level, we first establish … unemployment. Overall our findings lend support to the view that more stringent regulation could have averted some of the …

on default rates at state level in the US mortgage market. Using panel data techniques, we find a statistically … significant effect of regulation on the different stages of the foreclosure process. More precisely, we analyse the effect of … regulation on 60-day delinquencies and foreclosure starts, with a focus on three protective elements commonly found in state …

This Article proposes an alternative to direct government regulation of mortgage brokers: self-regulation of the … mortgage industry that mimics the arguably successful self-regulation of the securities industry that has occurred over the … effective the federal approach to mortgage industry regulation is likely to be, there are aspects of such regulation that would …

facilitate mortgage access to minorities. Alternatively, lenders could have unfairly forced borrowers from minority areas into …

-changing regulation impacted mortgage lending and risk. Our paper uses changes in regulatory treatment discontinuities associated with … loan size and leverage to detect regulation-induced loan delinquencies. We also find that an acceleration in the …

A model of mortgage defaults is built into the standard incomplete markets model. Households face income and house … the risk of default. The model accounts for the observed patterns of housing consumption, mortgage borrowing, and defaults …. Default-prevention policies are evaluated. The mortgage default rate, housing demand, households' ability to self-insure, and …

Mortgage servicers are re ... …