life-cycle profile of home ownership, and the mortgage default rate. The average coefficients that measure the agents …

associated with lower mortgage credit growth and house price growth. The international experience suggests that—in addition to …

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 … credit significantly more than retail-funded banks during the crisis. The demand for mortgage credit, on the other hand …

We show that the lightly regulated non-bank mortgage originators contributed disproportionately to the recent boom …-bust housing cycle. Using comprehensive data on mortgage originations, which we aggregate at the county level, we first establish …

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 …