house price appreciation in mortgage markets. We find instruments targeting the cost of bank capital most effective in … slowing down mortgage credit growth, and that the impact is transmitted mainly through price margins, the same banking channel …

We present an analysis of the sensitivity of household mortgage probabilities of default (PDs) and loss given default … counterfactual analysis of the responsiveness of mortgage PDs, LGDs, and bank capitalization conditional on adverse scenarios related …

This paper links the current sub-prime mortgage crisis to a decline in lending standards associated with the rapid … declines in lending standards by incumbent banks. Finally, lending standards declined more in areas with higher mortgage …

during the financial crisis in the United States. We focus on mortgage lending to minimize the impact of confounding demand … disaggregated data on mortgage applications that we use allows us to study the time variations in banks' decisions to grant mortgage …

This paper documents developments in mortgage credit and the housing sector in Latin America over the past decade, and … compares them with those of other emerging economies. In particular, it examines the real estate and mortgage markets to assess … whether (i) growth in mortgage credit is excessive compared to long-term trends; (ii) trends in house prices reflect changes …

countries over the last two decades. The dataset includes quarterly information on the composition of mortgage flows and stock … projections, we find both path- and state-dependency in monetary transmission. Monetary policy shapes mortgage choice, increasing … outstanding mortgage stock which, in turn, affects the central bank's ability to stabilize the economy ex-post. A greater (lower …

legislative and institutional reforms leading to the development of primary and secondary mortgage markets and reports the main … outlook for the Mexican RMBS market and draws some lessons from the recent U.S. subprime mortgage market problems …