This paper explores the link between mortgage origination fees and housing prices. It is argued that sharp decline in … mortgage origination fees in US since the late 1980s was caused by mortgage market deregulation and mortgage innovation. Based … on this reasoning the sources of exogenous variation in mortgage fees are identified, and the effect of mortgage fees on …

, mortgage credit constraints and a price-to-price feedback loop affects house price volatility. Considering 247 Metropolitan …

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 transactionprice and mortgage information. We estimate an elasticity of mortgage borrowing to house …

After a decade under federal control, the Belgian regions became responsible for the mortgage interest and capital …

subprime mortgages and spread around the economy by mortgage backed securities. Assuming that homeownership provides useful …

We examine whether unanticipated changes in home values drive spending and mortgage-based equity extraction. To do this … information about mortgage borrowing as well as savings in various financial instruments. We find that the marginal propensity to … increase mortgage debt is 3-5% of unanticipated home value gains. We find no adjustment to other components of the portfolio …

In this paper we examine whether changes in home values drive mortgage-based equity extraction. To do this we use … information about mortgage borrowing as well as savings in various financial instruments. We find that the marginal propensity to … increase mortgage debt is 2-5 percent of unanticipated home value gains. We find no adjustment to other components of the …

This paper develops a theoretical and empirical framework to assess the heterogeneous effects of mortgage rates on … to a mortgage rate shock is larger in magnitude when the federal funds rate is at its zero lower bound. Various supply … of a mortgage rate shock to housing returns in local markets. A partial equilibrium model supports our empirical results …

We study the exposure of mortgage borrowers in Switzerland to interest rate, income and house price risks and examine … analysis is based on a unique data set of household mortgage applications from September 2012 until January 2014. Our … assessment of risk exposure among mortgage borrowers in Switzerland is highly sensitive to the underlying assumptions on mortgage …

time-series data on household income, housing prices, and demographics indicate that rising mortgage costs can increase the …