The 2010s saw a profound shift towards jumbo mortgage lending by large banks that are regulated under the Dodd …-Frank Act. Using data from the Home Mortgage Disclosure Act, we show that the “jumbo shift” is correlated with being subject to … through which regulation could have affected bank incentives …

evidence of bank using CDS to exploit private information …

Paycheck Protection Program (PPP). We find that FinTech is disproportionately used in ZIP codes with fewer bank branches, lower …

mortgage credit risk by Fannie Mae and Freddie Mac. We find that lenders charge Latinx/African-American borrowers 7.9 and 3 …

We study the evolution of US mortgage credit supply during the COVID-19 pandemic. Although the mortgage market …

We study the evolution of US mortgage credit supply during the COVID-19 pandemic. Although the mortgage market … guarantees and loans to the riskiest borrowers. Mortgage-backed securities purchases by the Federal Reserve also supported the …

We study how intermediaries-mortgage servicers-shaped the implementation of mortgage forbearance during the COVID-19 … increased mortgage nonpayment but also reduced delinquencies outside of forbearance. Part of the liquidity from forbearance was …

mortgage performance by property type, we find that the delinquency rate of commercial mortgages increases by approximately 3 ….4% for every new coronavirus case per 100 capita, on average. We do not find strong evidence of a decrease in delinquencies …

Why did the mortgage market prosper in 2020 and 2021 during a period of extreme economic uncertainty? We find that … and policies to stabilize mortgage intermediaries, played a significant role in supporting the mortgage and housing … highlights the potential benefits of alternative mortgage designs that allow rates on existing mortgages to fall automatically …

Using a novel database that combines mortgage servicing records, credit-bureau data and loan application information … higher rates. Finally, we examine longer-term solutions for identifying and resolving an estimated 2.8 million mortgage loans …