pronounced among lower-income and higher-minority neighborhoods, indicating that mortgage lending expanded for reasons that were … the credit supply view that the boom and bust was caused by an exogenous expansion in the supply of mortgage credit …

Virtually no attention has been paid to the problem of cyclicality in debates over access to mortgage credit, despite … its importance as a driver of tight credit. Housing markets are prone to booms accompanied by bubbles in mortgage credit … artificially impede access to mortgage credit for underserved communities. During upswings, these cycles make homeownership …

During the housing crisis, it came to be recognized that inflated home mortgage appraisals were widespread during the … adopt the Home Valuation Code of Conduct (HVCC). Using unique data sets that contain both approved and nonapproved mortgage … applications, this study provides an empirical examination of the impact of the HVCC on appraisal and mortgage outcomes. The …

help them develop into a significant part of the Canadian residential mortgage market, says a new report from the C.D. Howe …

In assessing the riskiness of a mortgage loan, one of the primary underwriting criteria used by lenders and one of the …. In this paper, we address mortgage default from a new perspective: instead of focusing on the overall property value, we … the players in the mortgage industry and for policy makers is that, in order to have the same default rate, a property …

mortgage insurance claim and higher rate of loss given claim. Valuations by HUD-assigned appraisers are associated with a lower …

The Economic Stimulus Act of 2008 dramatically but temporarily increased the mortgage loan amount eligible for … source of exogenous variation in the availability of FHA insurance to measure the impact on the overall mortgage market and … between loan products and small net impact on the overall mortgage market when the ESA loan limits expired may be explained by …

We study the spillovers from government intervention in the mortgage market on households' consumption using the … household survey data from the US. After an expansionary mortgage market operation, the increase in consumption of homeowners … with mortgage debt is large and significant, while the consumption response of homeowners without the mortgage debt is …