mortgage interest payments were not tax deductible. Temporarily higher inflation might have lowered the foreclosure rate as …

mortgage crisis by studying the consequence of an unanticipated increase in the supply of housing (overbuilding shock). They …

An expansion in mortgage credit to subprime borrowers is widely believed to have been a principal driver of the 2002 … purchase mortgages to subprime borrowers. We also document that the expansion in speculative mortgage products and underwriting …

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 …

for housing, low interest rates, innovations in mortgage lending and securitization, and a breakdown in credit quality …The US financial system is undergoing a painful restructuring as credit losses originating in the mortgage finance …

evidence for adverse selection. The effect of securitization is strongest for prime mortgages, which have not been studied …

modifications specifically targeted to mortgage relief? The 2007–2012 financial crisis provides a unique opportunity to assess … whether bankruptcy can help homeowners avoid the negative consequences of over-indebtedness and mortgage default. This … empirical study analyzes a large, loan-level mortgage dataset to determine which variables are associated with delinquency and …

We provide new evidence that credit supply shifts contributed to the U.S. subprime mortgage boom and bust. We collect … original data on both government and private mortgage insurance premiums from 1999-2016, and document that prior to 2008 …