Authority (FSA) has identified mortgage amortization requirements as a potential instrument for reducing indebtedness; and has … drafted guidelines that will intensify the rate and duration of amortization. In this paper, I characterize Swedish …-style mortgage contracts, which differ substantially from U.S.-style contracts. I then evaluate the policy changes in an incomplete …

A standard, no-recourse mortgage contract does not adjust when the value of the underlying collateral falls … equilibrium minimum mortgage rate by 90 basis points. The volatility of net cashows to financial intermediaries also increases …

government backing of the mortgage market. Nonetheless, the dominance of the crown corporation CMHC in the mortgage insurance … market concentrates a significant amount of risk in public finances. Improving competitive conditions in the mortgage …

that mortgage path violates a new amortization requirement, the household can still achieve its preferred mortgage path …Debt amortization requirements have been suggested as a way to reduce household indebtedness. However, a closer look … reveals that amortization requirements may create incentives for both borrowers and lenders to borrow and lend more rather …

macroprudential supervisors since 2017: a cap on the loan-to-value (LTV) ratio and an amortization requirement, but none of them has … hypothetical activation shows that the introduction of a cap on the loan-to-value (LTV) ratio of new mortgage loans in Germany …

The most frequent mortgage loans in the US behave according to nominal interest rates with level loan payments (NRMs …), like Fixed Rate Mortgages (FRMs) or Adjustable Rate Mortgages (ARMs). We use a model to show that the tilt effect, an … increase of real payments in the early years of the mortgage due to higher inflation (Lessard and Modigliani, 1975), causes …