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evidence that CFPB oversight significantly reduces the overall volume of mortgage lending. However, we find some evidence of …
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We investigate the effect of declining house prices on household consumption behavior during 2006-2009. We use an individual-level dataset that has detailed information on borrower characteristics, mortgages and credit risk. Proxying consumption by individual-level auto loan originations, we...
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We study the evolution of US mortgage credit supply during the COVID-19 pandemic. Although the mortgage market …
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We study the evolution of US mortgage credit supply during the COVID-19 pandemic. Although the mortgage market … guarantees and loans to the riskiest borrowers. Mortgage-backed securities purchases by the Federal Reserve also supported the …
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