We study links between the labor market for loan officers and access to mortgage credit. Using novel data matching the … (near) universe of mortgage applications to loan officers, we find that minorities are significantly underrepresented among … loan officers. Minority borrowers are less likely to complete mortgage applications, have completed applications approved …

We study links between the labor market for loan officers and access to mortgage credit. Using novel data matching the … (near) universe of mortgage applications to loan officers, we find that minorities are significantly underrepresented among … loan officers. Minority borrowers are less likely to complete mortgage applications, have completed applications approved …

U.S mortgage market. We assemble a loan-level dataset that covers the trajectory of mortgages from application to …

I investigate how COVID-19 fatalities affect mortgage loan interest rates. Increases in COVID-19 fatalities are … accompanied by increasing mortgage loan interest rates. As mandatory state stay-at-home orders are issued and more locals are seen …

This paper studies the optimal mortgage refinancing problem of a behavioral household who is present-biased and … inattentive to mortgage rates. In solving the problem, I derive the first closed-form optimal refinancing rule of a behavioral … endogenously explain delays in mortgage refinancing. I find substantial evidence of present bias among households, with the average …

This paper examines wildfires’ impact on mortgage repayment using novel data that combines property-level damages and … mortgage performance data. We find that 90-day delinquencies were 4 percentage points higher and prepayments were 16 percentage …, which suggests higher risks to mortgage markets than found in previous studies. We find no significant changes in …

We study the impact of rising mortgage rates on mobility and labor reallocation. Using individual-level credit record … data and variation in the timing of mortgage origination, we show that a 1 p.p. decline in mortgage rate deltas (Δr …), measured as the difference between the mortgage rate locked in at purchase and the current market rate, reduces moving rates by …

COVID-19 devastated the US labor market threatening homeowners’ ability to stay current on their mortgage. During the …-related hardship. However, the CARES Act did not cover everyone—it was silent on non-federally backed mortgage holders and those … experiencing non-COVID related hardship. Furthermore, many borrowers were either not aware of mortgage relief options and/or were …

We characterize the large number of mortgage offers for which people qualify in the United Kingdom. Very few pick the … dispersion in the mortgage menu is consistent with banks price discriminating for borrowers who might pick poorly, while …