estate firms and funds are included, in addition to information on the volume and functioning of the mortgage market. Also …

This paper gives a general mortgage model subject to sub-optimal prepayment behavior of borrowers. The proposed … classification of approaches to the option-based and mortgage-rate-based (MRB) specification is validated by the fact that these two … approach based on the MRB idea with the endogenous mortgage rate process. The mortgage rate process is defined and the …

mortgage servicing contracts for both adjustable rate and fixed rate mortgages. The valuation model is comprised of an … the price of mortgage servicing rights to the changes in the economic environment is also analyzed. This work is …

Technology-based ("FinTech") lenders increased their market share of U.S. mortgage lending from 2 percent to 8 percent … from 2010 to 2016. Using market-wide, loan-level data on U.S. mortgage applications and originations, we show that FinTech … lenders process mortgage applications about 20 percent faster than other lenders, even when controlling for detailed loan …

the CRT programs have been successful in reducing the exposure of the federal government to mortgage credit risk without … disrupting the liquidity or stability of mortgage secondary markets. In the process, the programs have created a new financial … market for pricing and trading mortgage credit risk, which has grown in size and liquidity over time. The CRT programs …

of the Danish mortgage finance system and compare and contrast it to the U.S. system. We also note characteristics of the … Danish model that may be of interest as the United States considers further mortgage finance reform. In particular, the … borrowers the option to repurchase their mortgage at the market price, mitigating "lock-in" effects. Danish mortgage …

evidence that CFPB oversight significantly reduces the overall volume of mortgage lending. However, we find some evidence of …

financial wealth to stocks and bonds with different maturities. Homeowners also choose the mortgage type. I show that hedge … optimal housing, stock, bond, and mortgage choice. Young homeowners take an adjustable-rate mortgage (ARM) and invest …-averse investors rather choose a combination of an ARM and a fixed-rate mortgage. …