. We find that the idiosyncratic mortgage risk shock plays an importantrole in explaining the fluctuations of house prices … of household loans. Byplacing an occasionally binding constraint on the loan-to-value ratio, we find that the …

Borrowers in states with non-recourse mortgage law face limited liability on their mortgage loans. We show that non …. We find that mortgage lending pricing does not fully reflect the higher risk in non-recourse states because the emergence …

treatment are the tax deductibility of mortgage interest payments and the non-recognition of imputed rents. We employ a … recursive equilibrium model in which heterogeneous agents make housing tenure choices and in which mortgage default occurs in … regime. We find that elimination of the mortgage interest tax deduction reduces the foreclosure rate by 12.4 percent …

Canada's mortgage insurance risk needs a better backstop fund, according to a new report released today by the C ….D. Howe Institute. In “Mortgage Insurance as a Macroprudential Tool: Dealing with the Risk of a Housing Market Crash in Canada …,” authors Thorsten V. Koeppl and James MacGee suggest an era of steadily rising house prices and high mortgage debt warrants …

The mortgage market collapse which followed the burst of the housing bubble in 2007 led to unprecedented levels of … mortgage default, mortgage foreclosure, and housing vacancies. The dramatic increase in mortgage terminations prompted … issues as the underlying causes of the mortgage market collapse and the impact of declining house prices on mortgage default …