This paper explores the link between mortgage origination fees and housing prices. It is argued that sharp decline in … mortgage origination fees in US since the late 1980s was caused by mortgage market deregulation and mortgage innovation. Based … on this reasoning the sources of exogenous variation in mortgage fees are identified, and the effect of mortgage fees on …

The mortgage interest deduction is an incredibly popular, politically well-supported and hugely expensive tax incentive …. Yet economic studies consistently show that the mortgage interest deduction fails to advance its fundamental purpose. It … did not have the means. The mortgage interest deduction is insensitive to market conditions and resistant to change. These …

) using the quarterly U.S. residential mortgage loan-level data observed from Q2 2005 to Q1 2015. We define defaulted loans … separate cure and non-cure loans in mortgage loss risk models …

Analyzing the period 1988--2006, we document that banks that are active in strong housing markets increase mortgage … profitable opportunities in mortgage lending, rather than with a demand-based interpretation. The results suggest that housing …

We simulate changes to metropolitan area home prices from reforming the Mortgage Interest Deduction (MID). Price …

) using the quarterly U.S. residential mortgage loan-level data observed from Q2 2005 to Q1 2015. We define defaulted loans … separate cure and non-cure loans in mortgage loss risk models …

We examine whether unanticipated changes in home values drive spending and mortgage-based equity extraction. To do this … information about mortgage borrowing as well as savings in various financial instruments. We find that the marginal propensity to … increase mortgage debt is 3-5% of unanticipated home value gains. We find no adjustment to other components of the portfolio …