A standard, no-recourse mortgage contract does not adjust when the value of the underlying collateral falls … equilibrium minimum mortgage rate by 90 basis points. The volatility of net cashows to financial intermediaries also increases …

This paper empirically examines the determinants of margins for a unique dataset of 8,120 mortgage loans with fixed … factors such as GDP growth and inflation also significantly affect mortgage loan margins. The declining mortgage loan margins …

During the recent housing recession and financial crisis, mortgage modification has been heavily promoted by government …

-Sponsored Enterprises) in the U.S. mortgage market. First, I find that the subsidy has raised mortgage interest rates for all loans strictly … raised mortgage default probabilities of all conforming loans. My paper cautions regulators against interpreting the observed … jumbo-conforming spread as an indication that the subsidy necessarily lowers mortgage rates and benefits conforming …

We disentangle the demand and supply determinants of mortgage rate fixation periods. Our unique dataset features offers … from multiple banks for each individual mortgage request. We how that households respond to the relative cost of different …

This paper describes a novel methodology of measuring risky and conservative mortgage credit using household survey … output, a feature linked to the lower relevance of homeownership which implies that mortgage credit plays a less prominent …

jumbo mortgages, which can not be securitized through Fannie Mae and Freddie Mac. Moreover, household mortgage refinancing …