In response to the Global Financial Crisis (2007–2009), financial institutions exposed to the subprime mortgage market …

In the years preceding the Great Depression (1929–1933), home prices and outstanding mortgage debt grew substantially … private institutions that specialized in home mortgage loans, including savings and loan associations, mutual savings banks …

governmental mortgage guarantee plans, and greater reliance on private mortgage markets. The analysis also considers the likely … consequences of adopting alternative roles for government in the U.S. housing and mortgage markets. We start by reviewing the … history of the GSEs and their contributions to the operation of U.S. housing and mortgage markets, including the actions that …

We examine the effects of the Mortgage Electronic Registration System, or MERS, on mortgage origination volumes and … associated with secondary mortgage sales. Using novel data from the Massachusetts Registry of Deeds, we show that the … introduction of MERS led to an expansion in mortgage credit supply that was primarily fueled by nonbank lenders originating …

mortgage credit risk by Fannie Mae and Freddie Mac. We find that lenders charge Latinx/African-American borrowers 7.9 and 3 …

We document that, since 2011, mortgage lenders reduced credit to middle-class households by 15% and increased credit to …