Did government mortgage programs mitigate the adverse economic effects of the financial crisis? We find that counties … with greater participation in traditional government mortgage programs experienced less severe economic downturns during … lending had relatively smaller increases in mortgage delinquency rates; smaller declines in purchase originations, home sales …

mortgage rates. The Federal Reserve's accumulation of MBS and Treasury securities lowered MBS yields and mortgage rates by more …We conduct an empirical analysis of the Federal Reserve's large-scale asset purchases (LSAPs) on MBS yields and … Reserve must hold a substantial market share of agency MBS or of Treasury securities to significantly lower MBS yields and in …

The 30-year fixed-rate fully amortizing mortgage (or "traditional fixed-rate mortgage") was a substantial innovation … accumulation, many lenders require large down payments. Second, in each monthly mortgage payment, homeowners substantially …. To resolve these three flaws, we propose a new fixed-rate mortgage, called the Fixed-Payment-COFI mortgage (or "Fixed …

have higher mortgage delinquency and charge-off rates and significantly higher probabilities of failure during the last … stronger capital buffers. Our results suggest that there is scope for improved measures of mortgage loan risk that could be …

We provide an empirical analysis of the effects of the Federal Reserve's asset holdings on MBS yields and mortgage … seem to have placed a significant downward influence on MBS yields and mortgage rates … rates. We argue that understanding the particulars of the U.S. mortgage markets, particularly the linkages between the …

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 …

This paper uses a novel instrumental variables approach to quantify the effect that GSE purchase eligibility had on … equilibrium mortgage loan terms in the period from 2003 to 2007. The technique is designed to eliminate sources of bias that may … have affected previous studies. GSE eligibility appears to have lowered interest rates by about 10 basis points, encouraged …

This paper uses a novel instrumental variables approach to quantify the effect that GSE purchase eligibility had on … equilibrium mortgage loan terms in the period from 2003 to 2007. The technique is designed to eliminate sources of bias that may … have affected previous studies. GSE eligibility appears to have lowered interest rates by about 10 basis points, encouraged …

The U.S. mortgage crisis that began in 2007 generated questions about the role played by Fannie Mae and Freddie Mac …), introduced by Congress through the GSE Act of 1992, and the resulting purchases of single-family mortgages the GSEs made to meet … the UAG on the GSEs' whole single-family mortgage purchases during peak years for the subprime mortgage market. Under the …

The U.S. mortgage crisis that began in 2007 generated questions about the role played by Fannie Mae and Freddie Mac …), introduced by Congress through the GSE Act of 1992, and the resulting purchases of single-family mortgages the GSEs made to meet … the UAG on the GSEs' whole single-family mortgage purchases during peak years for the subprime mortgage market. Under the …