Fuster, Andreas; Hizmo, Aurel; Lambie-Hanson, Lauren; … - 2021
We study the evolution of US mortgage credit supply during the COVID-19 pandemic. Although the mortgage market … frictions and operational bottlenecks contributed to unusually inelastic credit supply, and that technology-based lenders … guarantees and loans to the riskiest borrowers. Mortgage-backed securities purchases by the Federal Reserve also supported the …