Mortgage Market Design

  title={Mortgage Market Design},
  author={John Y. Campbell},
This paper explores the causes and consequences of cross-country variation in mortgage market structure. It draws on insights from several …elds: urban economics, asset pricing, behavioral …nance, …nancial intermediation, and macroeconomics. It discusses lessons from the credit boom, the challenges of mortgage modi…cation in the aftermath of the boom, consumer …nancial protection, and alternative mortgage forms and funding models. The paper argues that the US has much to learn from mortgage… CONTINUE READING
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