On November 25, 2008, the Federal Reserve announced it would purchase mortgage-backed securities (MBS). This program … use empirical pricing models for MBS yields and for mortgage rates to measure relative importance of channels: The first … affected mortgage rates through three channels: (1) improved market functioning in both primary and secondary mortgage markets …

a mortgage cohort remembers the level of the previous mortgage rate troughs experienced by the cohort. This is a general … prepayment of a cohort is a dynamic self-selection process that evolves by itself according to the encountered mortgage rate …

We study the evolution of US mortgage credit supply during the COVID-19 pandemic. Although the mortgage market …

We analyze link between mortgage-related regulatory penalties levied on banks and the level of systemic risk in the U …

Home appraisals are produced for millions of residential mortgage transactions each year, but appraised values are … institutional framework that governs mortgage lending lead to information loss in appraisals (that is, appraisals set equal to the … incidence of mortgage default at loan-to-value boundaries (notches) above which mortgage insurance rates increase. Appraisals …

of the Danish mortgage finance system and compare and contrast it to the U.S. system. We also note characteristics of the … Danish model that may be of interest as the United States considers further mortgage finance reform. In particular, the … borrowers the option to repurchase their mortgage at the market price, mitigating "lock-in" effects. Danish mortgage …

We study the evolution of US mortgage credit supply during the COVID-19 pandemic. Although the mortgage market … guarantees and loans to the riskiest borrowers. Mortgage-backed securities purchases by the Federal Reserve also supported the …