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The Market for Subprime Lending : A Law and Economics Analysis of Market Failures and Policy Responses

Valiante, Diego - 2011

Subprime mortgages represent a relevant wealth accumulation tool for low-income borrowers, and may promote efficient social policies. However, as recently brought to attention by the financial crisis, origination and distribution services are affected by strong information asymmetries and...

Persistent link: https://www.econbiz.de/10013118684

Liquidity Crises in the Mortgage Market

Kim, You - 2020

are much higher than those observed at any point in the 2000s. We describe in this paper how non-bank mortgage companies …

Persistent link: https://www.econbiz.de/10012852711

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

How the Federal Reserve's Large-Scale Asset Purchases (LSAPs) Influence Mortgage-Backed Securities (MBS) Yields and U.S. Mortgage Rates

Hancock, Diana - 2014

mortgage rates. The Federal Reserve's accumulation of MBS and Treasury securities lowered MBS yields and mortgage rates by more … turn significantly lower mortgage rates …

Persistent link: https://www.econbiz.de/10013059311

House Price Dynamics, Optimal Ltv Limits and the Liquidity Trap

Ferrero, Andrea; Harrison, Richard; Nelson, Benjamin - 2022

The global financial crisis prompted the rapid development of macro-prudential frameworks and an increased reliance on borrower-based policy tools, which influence the demand for credit. This paper studies the optimal design of one such tool, a loan-to-value (LTV) limit, and its implications for...

Persistent link: https://www.econbiz.de/10013290338

Opioid Epidemic and Consumer Finance : Quo Vadis?

Agarwal, Sumit; Li, Wenli; Roman, Raluca A.; Sorokina, Nonna - 2022

This paper investigates the spillover effects of the opioid epidemic on consumer finance: consumer delinquency; bank consumer portfolio risk; and consumer credit supply, using credit-bureau, credit-card-mail-solicitation, and regulatory bank data. For identification, we employ instruments...

Persistent link: https://www.econbiz.de/10013403079

A Tale of Two Bailouts : Effects of TARP and PPP on Subprime Consumer Debt

Berger, Allen N.; Epouhe, Onesime; Roman, Raluca A. - 2021

High levels of subprime consumer debt can create social problems. We test the effects of the Troubled Asset Relief Program (TARP) and Paycheck Protection Program (PPP) bailouts during the Global Financial Crisis and COVID-19 crisis, respectively, on this debt. We use over 11 million credit...

Persistent link: https://www.econbiz.de/10013211985

A Tale of Two Bailouts : Effects of TARP and PPP on Subprime Consumer Debt

Berger, Allen N.; Epouhe, Onesime; Roman, Raluca A. - 2021

High levels of subprime consumer debt can create social problems. We test the effects of the TARP and PPP bailouts during the Global Financial Crisis and COVID-19 crisis, respectively, on this debt. We use over 11-million credit-bureau observations of individual consumer debt combined with...

Persistent link: https://www.econbiz.de/10013214408

Social capital and mortgages

An, Xudong; El Ghoul, Sadok; Guedhami, Omrane; Levine, Ross - 2023

Persistent link: https://www.econbiz.de/10014382444

Financial literacy, present bias and alternative mortgage products

Gathergood, John; Weber, Jörg - 2015

Policymakers have expressed concern that some mortgage holders do not understand or correctly choose their mortgage … products, especially alternative mortgage products (AMPs) with back-loaded payments. Using a specially design question module … standard repayment mortgage. We show poor financial literacy and present bias raise the likelihood of choosing an AMP …

Persistent link: https://www.econbiz.de/10011284226