revealing read and valuable guide for everyone involved in practical policymaking for housing markets, mortgage credit and …

have higher mortgage delinquency and charge-off rates and significantly higher probabilities of failure during the last … stronger capital buffers. Our results suggest that there is scope for improved measures of mortgage loan risk that could be …

This paper explores the implications of a housing market bubble for three critical elements of mortgage contract design … reduction benefits of shorter term to contract maturity at origination for lenders of long amortization mortgage contracts. In … addition, the risks of underpricing prepayment and no recourse default options in the mortgage contract when compared with full …

mortgage design interact with monetary policy? We answer these questions using a quantitative equilibrium life cycle model with … policy. Designs that raise mortgage payments in booms and lower them in recessions do better than designs with fixed mortgage … concentrate them in recessions outperform designs that spread payment reductions over the life of the mortgage. Front …

mortgage design interact with monetary policy? We answer these questions using a quantitative equilibrium life cycle model with … policy. Designs that raise mortgage payments in booms and lower them in recessions do better than designs with fixed mortgage … reductions over the life of the mortgage. Front-loading alleviates household liquidity constraints in states where they are most …

, but not limited to, the provision in the Internal Revenue Code for deduction of mortgage interest and property taxes, the …