This paper examines the dynamics between mortgage broker competition, origination fees, and price transparency. A …, our empirical analysis shows that increased mortgage brokerage competition at the Metropolitan Statistical Area level … also provide evidence that broker competition reduces mortgage origination fees on retail (non-brokered) loans as well. In …

If mortgage borrowers default strategically, their future house price expectations should affect their present mortgage …

regulations requiring primary mortgage insurance (PMI) for loans with loan to value ratios (LTV) above 80%. Our empirical analysis … of tests to explore different origination and execution channels of mortgage steering …

This paper examines the impact of bank consolidation on mortgage rates in order to evaluate the extent to which … mortgage markets are competitive. Mortgage markets are decentralized and so rates are determined through a search and … mortgage market is fairly competitive. However, a decomposition of the aggregate treatment effect reveals important …

We study the role of intermediaries (brokers) in the Canadian mortgage market. In this market, consumers can search for … mortgage demand to disentangle two explanations for why borrowers wind up with these riskier mortgage products: (i) brokers …

This study provides the valuation of mortgage insurance (MI) considering upward and downward jumps in housing prices …, which display separate distributions and probabilities of occurrence, and the mortgage insurer's default risk. The empirical … diffusion and the Black-Scholes model, generally used in previous literature, to fit the single-family mortgage national average …

Mortgage refinancing activity associated with extraction of home equity contains a strongly counter-cyclical component … empirically evaluate its predictions for the households' choices of leverage, liquid assets, and mortgage refinancing using micro …

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 …