credit scores, in contrast to the low income population targeted by subprime mortgages. Complex mortgage borrowers have … significantly higher delinquency rates than traditional mortgage borrowers even after controlling for leverage, payment resets, and …

conventional commitment mortgage coupon rates in terms of current and lagged values of this perfect-market coupon rate. Finally, we …

specialized arbitrageur rather than a diversified representative investor. We examine the mortgage-backed securities (MBS) market …

This paper analyzes the performance of the commercial mortgage-backed security (CMBS) market before and during the … mortgage market) the loans underlying CMBS did not significantly change their characteristics during this period, commercial …

governmental mortgage guarantee plans, and greater reliance on private mortgage markets. The analysis also considers the likely … consequences of adopting alternative roles for government in the U.S. housing and mortgage markets. We start by reviewing the … history of the GSEs and their contributions to the operation of U.S. housing and mortgage markets, including the actions that …

We estimate holdings of highly-rated tranches of mortgage securitizations of American deposit-taking banks ahead of the …

Voters punish incumbent Presidential candidates for contractions in the local (county-level) supply of mortgage credit … during market-wide contractions of credit, but they do not reward them for expansions in mortgage credit supply in boom times …. Our primary focus is the Presidential election of 2008, which followed an unprecedented swing from very generous mortgage …

mortgage default factors associated with the economic cycle, such as negative equity, completely account for the foreclosure …