scores, equity, and income. But even holding those factors constant, Black and Hispanic white borrowers refinance less … mortgage contract designs that more directly pass through interest rate declines to borrowers can reduce racial mortgage …

combines administrative data on mortgage performance with information on race and ethnicity, we show that Black and Hispanic … periods of low mortgage rates and high refinance volumes. From 2010 to 2014, Black borrowers were paying 30 to 45 basis points …This paper documents large differences in mortgage prepayment behavior across racial and ethnic groups in the United …

scores, equity, and income. But even holding those factors constant, Black and Hispanic white borrowers refinance less … mortgage contract designs that more directly pass through interest rate declines to borrowers can reduce racial mortgage …

combines administrative data on mortgage performance with information on race and ethnicity, we show that Black and Hispanic … periods of low mortgage rates and high refinance volumes. From 2010 to 2014, Black borrowers were paying 30 to 45 basis points …This paper documents large differences in mortgage prepayment behavior across racial and ethnic groups in the United …

-level servicing data from Chase mortgage customers combined with corresponding Chase deposit account data from 2012 to 2018, we create … a sample of more than 50,000 homeowners who either obtained a cash-out refinance or drew on a home equity line of credit …-out refinance had no change in income whereas homeowners who extracted equity via a HELOC experienced declining income. For both …

We study the causal effect of mortgage rate changes on consumer spending, debt repayment, and defaults during an … interest rates of short-term fixed-rate mortgages (the dominant product in Canada's mortgage market) have to be reset according … variation in the timing of mortgage rate resets. We find asymmetric responses of consumer durable spending, deleveraging, and …

In this paper we examine the sensitivity of mortgage arrears for Irish households to changes in mortgage interest rates … information on current income and current mortgage repayments to link arrears to the level of, as well as shocks in, households … and those on tracker mortgage rate loans are most at risk following rate rises. This has important consequences for the …