The 30-year fixed-rate fully amortizing mortgage (or "traditional fixed-rate mortgage") was a substantial innovation … accumulation, many lenders require large down payments. Second, in each monthly mortgage payment, homeowners substantially …. To resolve these three flaws, we propose a new fixed-rate mortgage, called the Fixed-Payment-COFI mortgage (or "Fixed …

We study the impact of loan-to-value regulation on supply and demand for unregulated debt that is used for home … acquisition. In our setting, part of the dwelling price is in the form of pre-existing debt exempt from the regulation. Variations … in the latter prior to the LTV regulation generated exogenous variation in the regulatory requirements across buildings …

paper examines how a court-mandated repeal of a home mortgage regulation in Cleveland a effected home foreclosures. To …The late-2000s financial crisis has re-ignited a debate about the impact of regulating consumer mortgage markets. This …

This paper documents that mortgage market deregulation helps mitigate the risk of population aging by affecting a … fully exposed to mortgage market deregulation increase their probability of purchasing a home and having a child by six … mortgage credit impacts the total number of children in the economy …

Home appraisals are produced for millions of residential mortgage transactions each year, but appraised values are … institutional framework that governs mortgage lending lead to information loss in appraisals (that is, appraisals set equal to the … contract price). Consistent with the theory, we observe a higher frequency of appraisal equal to contract price and a higher …

evidence that CFPB oversight significantly reduces the overall volume of mortgage lending. However, we find some evidence of …

is an outcome of the general equilibrium effects on interest rates, which affects capital allocation across different …