important cause of policy uncertainty for households in the Netherlands: the possible limitation of the mortgage interest …

The policy debate surrounding predatory lending laws and the subprime mortgage market opposes two hypotheses. The first … facts about the subprime mortgage market support the opportunity pricing hypothesis. Existing research includes simple … laws that indirectly restrict mortgage prices have reduced the supply of mortgage credit. Information asymmetries, seller …

We study credit ratings on subprime and Alt-A mortgage-backed-securities (MBS) deals issued between 2001 and 2007, the … period leading up to the subprime crisis. The fraction of highly rated securities in each deal is decreasing in mortgage … underperformance (high mortgage defaults and losses and large rating downgrades) among deals with observably higher risk mortgages …

We study the exposure of mortgage borrowers in Switzerland to interest rate, income and house price risks and examine … analysis is based on a unique data set of household mortgage applications from September 2012 until January 2014. Our … assessment of risk exposure among mortgage borrowers in Switzerland is highly sensitive to the underlying assumptions on mortgage …

Fixed-rate mortgages (FRMs) dominate the U.S. mortgage market, with important consequences for household risk … analysis compares the agency and nonagency mortgage-backed-securities (MBS) markets, exploiting the freeze in nonagency MBS … rate risk embedded in these loans. We highlight policy implications for ongoing reform of the U.S. mortgage finance system …

subprime mortgage expansion. We combine loan-level data on the performance of non-prime securitized mortgages with individual … disparate treatment from race and ethnicity on rate-setting behavior across the most popular subprime mortgage products. In …

We examine mortgage pricing before and after Switzerland was the first country to activate the Counter-Cyclical Capital … Buffer of Basel III. Observing multiple mortgage offers per request, we obtain three core findings. First, capitalconstrained … and mortgage-specialized banks raise their rates relatively more. Second, risk-weighting schemes supposed to discriminate …

A standard, no-recourse mortgage contract does not adjust when the value of the underlying collateral falls … equilibrium minimum mortgage rate by 90 basis points. The volatility of net cashows to financial intermediaries also increases …

The paper assesses the extent to which mortgage rates in Italy are priced according to credit risk as proxied by the … probability of household mortgage delinquency estimated using the EU-Silc database. For reasons of data availability we restrict … the analysis of mortgage pricing to Italian households. Consistent with the more extensive use of credit scoring …