determinants of access to mortgage finance. It also examines whether mortgage holders were more likely to suffer financial distress … compared with non-mortgage holders in the period before the global financial crisis. The analysis does not find any systematic … evidence that mortgage holders are financially more vulnerable than renters or outright owners; in fact, the incidence of …

We quantify the housing-consumption channel in mortgage demand according to which households borrow more following … a structural approach to mortgage demand and supply, exploiting exogenous variation in house-price growth and a unique … dataset with matched transaction-price and mortgage information. We estimate an elasticity of mortgage borrowing to house …

Die Nachfrage nach privaten Wohnbaukrediten ist im ersten Quartal 2024 leicht gestiegen, nachdem sie zuvor eineinhalb … Anstieg der Nachfrage. Hintergrund der sich andeutenden Erholung ist vor allem die Aussicht auf ein sinkendes Zinsniveau ab …

cross-country and time variation observed, we distinguish between the conditions that determine the local demand for credit …. Local demand conditions dominate. In particular we find that the share of new loans with a fixed rate is larger when: (1 … mortgage-backed securities is more widespread …