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The Macroprudential Implications of the Qualified Mortgage Debate

McCoy, Patricia A. - 2020

In January 2021, the Consumer Financial Protection Bureau will face a decision: to renew its special definition for Qualified Mortgages (QMs) made by Fannie Mae and Freddie Mac, abolish that definition, or adopt some other approach to Qualified Mortgages. Concerns about access to credit have...

Persistent link: https://www.econbiz.de/10012847759

Macroprudential Policy, Mortgage Cycles and Distributional Effects : Evidence from the UK

Peydró, José-Luis - 2020

effects of such a macroprudential policy on mortgage and house price cycles. For identification, we exploit the universe of UK …-price correction), the 2014-policy strongly implies — via lower pre-correction debt — better house prices and mortgage defaults during …

Persistent link: https://www.econbiz.de/10012832639

TLTRO III and banks' loan book rebalancing during the pandemic : less "targeted" than intended forsome?

Corte Coi, Claudio; Dadoukis, Aristeidis; Hempell, Hannah S. - 2025

course of the COVID-19 pandemic. The use of TLTRO funding for mortgage loans to households had explicitly not been included …

Persistent link: https://www.econbiz.de/10015339713

Macroprudential policy : a blessing or a curse?

Popoyan, Lilit - 2016

After the destructive impact of the global financial crisis of 2008, many believe that pre-crisis financial market regulation did not take the "big picture" of the system suffciently into account and, subsequently, financial supervision mainly "missed the forest for the trees". As a result, the...

Persistent link: https://www.econbiz.de/10011477338

Macroprudential Policy : A Blessing or a Curse?

Popoyan, Lilit - 2016

After the destructive impact of the global financial crisis of 2008, many believe that pre-crisis financial market regulation did not take the “big picture” of the system sufficiently into account and, subsequently, financial supervision mainly “missed the forest for the trees”. As a...

Persistent link: https://www.econbiz.de/10012992051

Lender Heterogeneity in Home Mortgage Lending Evidence from Hmda Data in Context of the Covid-19 Pandemic

Bar, Michael; Kakar, Venoo - 2022

Studies on denial rates in mortgage lending do not adequately account for lender heterogeneity due to divergent … underwriting or regulatory practices. Using a sample of over two million home purchase mortgage applications from the Home Mortgage … counterfactual experiments to predict the denial rates of individual lenders if they evaluate all mortgage applications in the …

Persistent link: https://www.econbiz.de/10013294441

How resilient is mortgage credit supply? : evidence from the COVID-19 pandemic

Fuster, Andreas; Hizmo, Aurel; Lambie-Hanson, Lauren; … - 2021 - This version: May 2021

We study the evolution of US mortgage credit supply during the COVID-19 pandemic. Although the mortgage market …

Persistent link: https://www.econbiz.de/10012581406

How resilient is mortgage credit supply? : evidence from the Covid-19 pandemic

Fuster, Andreas; Hizmo, Aurel; Lambie-Hanson, Lauren; … - 2021

We study the evolution of US mortgage credit supply during the COVID-19 pandemic. Although the mortgage market … guarantees and loans to the riskiest borrowers. Mortgage-backed securities purchases by the Federal Reserve also supported the …

Persistent link: https://www.econbiz.de/10012593674

Intermediation frictions in debt relief : evidence from CARES Act forbearance

Kim, You Suk; Lee, Donghoon; Scharlemann, Tess; … - 2022

We study how intermediaries-mortgage servicers-shaped the implementation of mortgage forbearance during the COVID-19 … increased mortgage nonpayment but also reduced delinquencies outside of forbearance. Part of the liquidity from forbearance was …

Persistent link: https://www.econbiz.de/10013401863

Macroprudential policy in a recovering market : too much too soon?

Duffy, David; McInerney, Niall; McQuinn, Kieran - 2015

these measures comes at a time when housing supply and mortgage lending are at historically low levels. In this paper we use … for house prices and key activity variables in the mortgage market. …

Persistent link: https://www.econbiz.de/10010517190