Increasing mortgage debt among older households has been cited as evidence of financial distress caused by low … of mortgage interest appears to encourage greater housing leverage and vulnerability to housing price shocks. Copyright …

This special section of the journal provides an empirical examination of the mortgage market to help identify key … will help to identify lessons that can be applied to the regulation and structure of the mortgage finance industry in the …, mortgage broker compensation market penetration, and the changing role of the Federal Housing Authority (FHA). Copyright …

the literature by examining whether the market responded to these laws by substituting different mortgage products for …

. This explains the phenomenon of irregularly high early-stage default and prepayment rates observed in residential mortgage … lending in China, where there are few, if any, financial incentives for mortgage borrowers to exercise either put or call … spot market. However, currently Chinese mortgage banks charge the same rate to all mortgage borrowers. This inefficiency in …

On November 25, 2008, the Federal Reserve announced it would purchase mortgage-backed securities (MBS). This program … affected mortgage rates through three channels: (1) improved market functioning in both primary and secondary mortgage markets … use empirical pricing models for MBS yields and for mortgage rates to measure relative importance of channels: The first …

A leading explanation for the lack of widespread mortgage renegotiation is the existence of frictions in the mortgage …

building, and mortgage enforcement. Inspired by recent developments in the affordable housing sector and other types of public … property rights, conditional subsidies, and credit mediation to alleviate the systemic risks of mortgage foreclosure. Two new …