Using a monthly panel dataset of individuals' debt composition including mortgage and nonmortgage consumer credit, we … homeowners reoptimize their debt structure by using withdrawn home equity to pay down comparatively expensive short-term non-mortgage …

mortgage amount influence the share of liquid assets held in stocks. We apply different econometric methods to take selection … and endogeneity into account. In our preferred specifications both home equity and the household's amount of mortgage debt …

higher LTV ratio substantially increases an elderly homeowner’s likelihood of exiting homeownership. In particular, elderly … homeowners with an LTV ratio greater than 80% are more than four times likely to exit homeownership than their debt … less likely to depart from homeownership if they recently extracted equity from their homes. In addition, we find both …

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 …

The homeownership rate in Germany is one of the lowest among advanced economies. To better understand this fact, we … analyze the role of three specific policies which discourage homeownership in Germany: an extensive social housing sector with … broad eligibility criteria, high transfer taxes when buying real estate, and no tax deductions for mortgage interest …

matches the wealth distribution; the age profiles of consumption, homeownership, and mortgage debt; and data on the frequency … maximum borrowing limit, and housing investment, homeownership, and household debt closely track aggregate productivity. In … investment, and for the procyclical behavior of household debt. The authors use a calibrated version of their model to ask the …

improvements in mortgage opportunities seemingly made it easier to purchase a home. This paper uses an equilibrium life-cycle model …

wealth distribution, the age profiles of homeownership and mortgage debt, and the frequency of housing adjustment. In the … time-series, the model matches the procyclicality and volatility of housing investment, and the procyclicality of mortgage … of housing investment, the reduced procyclicality of mortgage debt, and a small fraction of the reduced volatility of GDP …

matches the wealth distribution; the age profiles of consumption, home-ownership, and mortgage debt; and data on the frequency … borrowing limit, and housing investment, home-ownership, and household debt closely track aggregate productivity. In the late … investment, and for the pro-cyclical behavior of household debt. The authors use a calibrated version of their model to ask the …