recoveries of housing prices and employment from mortgage crises. Comparing credit cycles with and without credit reporting and … capturing the impact of mortgage default on employment by extending the Diamond-Mortensen-Pissarides search framework, I find …. The recovery after a bank liquidity tightening is slower because: (i) excluding defaulting borrowers from obtaining …

This paper investigates the housing and mortgage markets by means of an agent-based macroeconomic model of a credit … households’ creditworthiness conditions required by banks in order to grant a mortgage. Results show that easier access to credit …

conditions required by the banking system to grant a mortgage. The authors find that easier access to credit inflates housing …