This chapter considers the structure of mortgage finance in the United States and its role in shaping patterns of … homeownership, the nature of the housing stock, and the organization of residential activity. We start by providing some background … on the design features of mortgage contracts that distinguish them from other loans and that have important implications …

mortgage market -- D. Housing and government policy -- Appendix: Summary of Symbols and Sources of Data -- Notes …This study describes the organization and operation of the postwar Canadian housing and residential mortgage markets … mortgage market is examined in the second section. The main participants are described and their mortgage investment behavious …

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 …

We use a search and matching model to study the heterogeneous welfare effects of housing market illiquidity due to … mortgage lock-in over the lifecycle. We find that younger home buyers are disproportionately affected by mortgage lock … that on average mortgage lock-in reduces household listing probabilities by 21 percent to 23 percent, increases time on the …

more households partake in mortgage finance in their entry to homeownership, and (ii) financial intensity, in which … the Maltese islands, primarily via the mortgage market. This process is characterised by (i) financial extension, in which … households accumulate more debt in accessing the property market. In explaining this process, I claim, firstly, that mortgage …