We develop a tractable general equilibrium framework of housing and mortgage markets with aggregate and idiosyncratic … risks, costly liquidity and strategic defaults, empirically relevant informational asymmetries, and endogenous mortgage … takes the form of a home equity insurance mortgage (HEIM) that eliminates the strategic default option and insures the …

mortgage borrowing and housing investment at the early stage of the life cycle. In the model, households move up the property … ladder by increasing their mortgage debt after they have accumulated enough home equity. Since liquidity constraints and …

This paper documents that mortgage servicers increased modification rates by approximately 8 percent for delinquent …

mortgage loan consumers. In 2014, EU political reasoning moved towards achieving a high level of consumer protection …, safeguarding mortgage markets and hence preventing a second mortgage crisis, due to the current financial crisis, which had its … origin in the malfunction of some mortgage markets. Albania either as an EU candidate country or as a country with the …

This paper documents that mortgage market deregulation helps mitigate the risk of population aging by affecting a … fully exposed to mortgage market deregulation increase their probability of purchasing a home and having a child by six … mortgage credit impacts the total number of children in the economy …

The recent global financial crisis, sparked by developments in the American mortgage market, provides a timely … opportunity for a thorough analysis of the standard model for financing home purchases. The United States residential mortgage … the novel insight that a non-recourse mortgage with no initial down payment resembles the case of corporate …

This paper focuses on the potential externalities associated with subprime mortgage origination activity. Specifically …, we examine whether negative spillover effects from subprime mortgage originations result in higher default rates in the … neighborhood does not lead to greater default risks for surrounding borrowers. However, we do find that more aggressive mortgage …

through innovations in the mortgage market and financial deregulation. This study looks at the factors driving home equity …

The Danish financial sector is big and there is a high degree of inter-connectedness between banks, mortgage …