This paper discusses findings relative to the impact of borrowing constraints on homeownership in the U.S. in the … aftermath of the 2008 financial crisis. While homeownership declines and tightened credit are evident, the role the tightening …. The homeownership rate in 2010-2013 is simulated to be 2.3 percentage points lower than if the constraints were set at the …

This paper examines how family housing wealth affects homeownership transitions during divergent periods of credit …, larger transfer amounts, and an increased likelihood of transitioning to homeownership during the housing bust, but not … more for home purchases when there are barriers to formal channels of mortgage borrowing …

Using a monthly panel dataset of individuals' debt composition including mortgage and nonmortgage consumer credit, we … homeowners reoptimize their debt structure by using withdrawn home equity to pay down comparatively expensive short-term non-mortgage …

This paper quantitatively accounts for the cyclical dynamics of key macroeconomic housing and mortgage market variables … using a tractable, searchtheoretic model of housing with equilibrium mortgage default. To explain these dynamics, the model …

choice of mortgage product. Ours is the first study to model the choice of reverse mortgages alongside other modes of equity … recovery period (2010-2015), we observe this relationship only for reverse mortgage borrowing, consistent with tightened … underwriting for forward mortgage loans …

decisively on prevailing loan-to-value (LTV) ratios in mortgage markets with borrowing constrained households. Utilizing a smooth … housing sector in times of high LTV ratios, which, through changes in mortgage lending and mortgage equity withdrawals (MEWs …

decisively on prevailing loan-to-value (LTV) ratios in mortgage markets with borrowing constrained households. Utilizing a smooth … housing sector in times of high LTV ratios, which, through changes in mortgage lending and mortgage equity withdrawals (MEWs …

points increase in annual growth rate of mortgage lending by CRA-regulated banks to CRA-eligible census tracts relative to a … the CRA, however, do not show any change in their mortgage supply between these two types of census tracts after 1998. I … take advantage of this exogenous shift in mortgage supply within an instrumental variable framework to identify the causal …