institutional framework that governs mortgage lending lead to information loss in appraisals (that is, appraisals set equal to the …Home appraisals are produced for millions of residential mortgage transactions each year, but appraised values are … contract price). Consistent with the theory, we observe a higher frequency of appraisal equal to contract price and a higher …

almost exclusively on company and not mortgage finance. We identify four different "ideal types" of housing finance systems …-dependent conclusion, noting that the more countries developed bond-based mortgage banks in the nineteenth century, the more they tended … towards multi-story building structure, low homeownership rates and lower securitization levels in the twentieth century. A …

amount of home equity that is expected to be released over a 10-year period through regular monthly mortgage payments. We …