all mortgage loans originated between 2010 and 2019, to compare savings and spending of IOM borrowers to that of non …-IOM borrowers using their mortgage origination year in an event study design. Conditional on time and individual fixed effects, we … age predominantly accelerated non-mortgage debt repayments. …

Rising interest rates can create "mortgage rate lock" for homeowners with fixed rate mortgages, who can hold onto their … declines and declines relative to homeowners without mortgages, who are unaffected by mortgage rate lock. Mobility declines are …

Policymakers have expressed concern that some mortgage holders do not understand or correctly choose their mortgage … products, especially alternative mortgage products (AMPs) with back-loaded payments. Using a specially design question module … standard repayment mortgage. We show poor financial literacy and present bias raise the likelihood of choosing an AMP …

This chapter considers the structure of mortgage finance in the U.S., and its role in shaping patterns of homeownership … the design features of mortgage contracts that distinguish them from other loans, and that have important implications for … issues presented in the rest of the chapter. We then explain how mortgage finance interacts with public policy, particularly …

We study the evolution of US mortgage credit supply during the COVID-19 pandemic. Although the mortgage market …