We use UK transaction-level data during the Covid-19 pandemic to study whether mortgage payment holidays (PH) can act … as a mechanism for smoothing household consumption following negative aggregate shocks. Our results suggest that mortgage … mortgage PH led to higher saving rates for more financially-stable households …

This study investigates the causal effect of financial literacy on mortgage payment delinquency. Using an Instrumental …-Variable (IV) approach, we find that increased financial literacy significantly reduces the probability of mortgage delinquency …

This paper studies how tightening monetary policy transmits to the economy through the mortgage market and sheds new …, regions with historically high DTI ratios exhibited greater reductions in mortgage originations, house prices, and consumption …

equilibrium mortgage pricing model with heterogeneous borrowers and use it to show that equilibrium forces imply important cross …-subsidies from borrowers who rarely refinance to those who refinance often. Mortgage reforms can potentially reduce these regressive … example, many policies that lead to more frequent refinancing also increase equilibrium mortgage rates and thus reduce …

This paper explores an overlooked phenomenon in mortgage markets: repayment of underwater mortgages. Since repayment in …, which includes credit impairment and possible guilt, repayment of an underwater mortgage is a wealth-maximizing strategy …