mortgage interest rate leads to a 20 percent decrease in a typical bank''s distance to default. Finally, we look at the cross …

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

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 …

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 …

The late 1990s through the mid-2000s was a period of historic growth in mortgage lending and house prices and there is … with the view that the house price boom was caused by an expansion in the supply of mortgage credit, primarily benefiting … borrowers and neighborhoods which previously had the most limited access to mortgage credit. In particular, the evidence can be …

Since the beginning of summer 2008, the subprime mortgage market has become a contributing drag on the financial sector … situation in mortgage and credit markets. Losses on the subprime mortgage market arose from a two stage process. First …, financial intermediaries drove the expansion of the subprime mortgage market. Second, borrowers stopped making payments when …

The dramatic expansion in subprime mortgage credit fueled a remarkable boom and bust in the US housing market and … created a global financial crisis. Even though considerable research examines the housing and mortgage markets during the … previous decade, how the expansion in mortgage credit affected the rental market remains unclear; and yet, over 30 percent of …