Canada's mortgage insurance risk needs a better backstop fund, according to a new report released today by the C ….D. Howe Institute. In “Mortgage Insurance as a Macroprudential Tool: Dealing with the Risk of a Housing Market Crash in Canada …,” authors Thorsten V. Koeppl and James MacGee suggest an era of steadily rising house prices and high mortgage debt warrants …

across states shows that the rise in top income shares can explain almost all of the accumulation of household debt held as a … financial asset by the household sector. Since the Great Recession, the saving glut of the rich has been financing government …

financial consumer protection aimed at slowing down the growth of the mortgage market by introducing new recommendations to … restrict LTV limits and other indicators. Households are taking advantage of the availability of mortgage loans in an … systemic risk caused by the developing gap between the growth of household indebtedness and the growth in real estate prices …

across states shows that the rise in top income shares can explain almost all of the accumulation of household debt held as a … financial asset by the household sector. Since the Great Recession, the saving glut of the rich has been financing government …

This paper examines Korean household's borrowing behavior and the causes of default using granular data. It tries to … borrowing turns out to be very effective in reducing the amount of loans and household's leverage (loan-to-income ratio or loan … size and its delinquency. A rise in housing prices drives up borrowings due to household's affirmative attitude. Conversely …

inflation targeting. This way the central bank tries to address excessive household debt. While the merits of such policy have … freely adjust outstanding debt (refinancing) and (ii) dominant mortgage type in the economy (fixed or adjustable rate). I … their disposable income (hand-to-mouth) net of payments on long-term mortgage. I find that the optimal simple policy rule …

, since most housing is not simply financed out of current cash holdings but by mortgages, the institutions on mortgage … population) as well in mortgage markets have led to a structural break in the effect of housing wealth on consumption in the mid …

, since most housing is not simply financed out of current cash holdings but by mortgages, the institutions on mortgage … population) as well as in mortgage markets have led to a structural break in the effect of housing wealth on consumption in the …

The sensitivity of housing demand to mortgage rates and available leverage is key to understanding the effect of … variables that is independent of confounding factors (such as economic conditions or household characteristics), it is difficult … financing scenarios. We vary down payment constraints, mortgage rates, and non-housing wealth. We find that a relaxation of down …