Much of the literature on the economics of mortgage markets has studied the FRM-ARM choice made by individual borrowers … of optimal risk-sharing in mortgage contracts. But since only a small literature has studied this question, more research …'s (1986a) model, using it to characterize optimal contracts in the absence of mortgage termination, and then exploring how …

mortgage contract designs that more directly pass through interest rate declines to borrowers can reduce racial mortgage …

Buying a house changes a household's balance sheet by simultaneously reducing liquidity and introducing mortgage …, a new mortgage acquisition has a robust and statistically significant positive effect on credit card utilization - the … acquisition of a new mortgage, consistent with larger down payments leaving households more constrained. …

lending guidelines, and demand in housing construction and mortgage lending has plummeted. Against this background, the paper …