We build a model of the mortgage market where banks attain their optimal mortgage portfolio by setting rates and … "steering" customers. "Sophisticated" households know which mortgage type is best for them, while "naïve" ones are susceptible …

We build a model of the mortgage market where banks attain their optimal mortgage portfolio by setting rates and … steering customers. Sophisticated households know which mortgage type is best for them; naive households are susceptible to … implications of steering. The average cost of the distortion is equivalent to 16% of the annual mortgage payment. A financial …

The extension of the subprime mortgage crisis to a global financial meltdown led to calls for fundamental reregulation … ; subprime crisis ; mortgage affiliate regulation …

conditions required by the banking system to grant a mortgage. The authors find that easier access to credit inflates housing …

in subprime private-label mortgage-backed securities (PLS), influenced the risk characteristics and prices of the deals … and Freddie Mac purchased securities included separate mortgage pools: one specifically created for the GSEs and one or … and Freddie Mac had similar ex-ante risk characteristics but performed much better ex-post relative to other mortgage …

This paper investigates the housing and mortgage markets by means of an agent-based macroeconomic model of a credit … households’ creditworthiness conditions required by banks in order to grant a mortgage. Results show that easier access to credit …

, mortgage credit constraints and a price-to-price feedback loop affects house price volatility. Considering 247 Metropolitan …

The paper integrates agency theory with the asset-pricing model to explore causes of subprime mortgage crisis regarding …

This article examines the impact of regulation on lending standards during the mortgage boom. We exploit the overall … regulatory wedge between banks and independent mortgage companies (IMCs) and a variation in this regulatory wedge across states … how inconsistent regulation of mortgage lenders has resulted in risky lending being increasingly channeled through the …