Acharya, V. V., Richardson, M., Van Nieuwerburgh, S., & White, L. J. (2011). Guaranteed to fail: Fannie Mae, Freddie Mac, and the debacle of mortgage finance. Princeton University Press.
- Adelino, M., Schoar, A., Severino, F. (2012). Credit Supply and House Prices: Evidence from Mortgage Market Segmentation, Working Paper 17832, National Bureau of Economic Research. https://doi.org/10.3386/w17832 .
Paper not yet in RePEc: Add citation now
- Agarwal, S.,Amromin, G., Chomsisengphet, S., Landvoigt, T., Piskorski, T., Seru, A., Yao, V. (2015) Mortgage Refinancing, Consumer Spending, and Competition: Evidence from the Home Affordable Refinancing Program, Working Paper 21512, National Bureau of Economic Research. https://doi.org/10.3386/w21512 .
Paper not yet in RePEc: Add citation now
Allen, J., Clark, R., & Houde, J.-F. (2014). Price dispersion in mortgage markets. The Journal of Industrial Economics, 62, 377–416.
Amromin, G. & Kearns, C. (2014). Access to Refinancing and Mortgage Interest Rates: HARPing on the Importance of Competition, Working Paper 2014–25, FRB of Chicago. https://doi.org/10.2139/ssrn.2539772 .
- An, X. & Yao, V. (2016). Credit Expansion, Competition, and House prices. https://doi.org/10.2139/ssrn.2833542 .
Paper not yet in RePEc: Add citation now
An, X., & Bostic, R. W. (2008). GSE activity, FHA feedback, and implications for the efficacy of the affordable housing goals. The Journal of Real Estate Finance and Economics, 36, 207–231.
Anenberg, E., Hizmo, A., Kung, E., & Molloy, R. (2019). Measuring mortgage credit availability: A frontier estimation approach. Journal of Applied Econometrics, 34, 865–882.
- Angelides, P., Thomas, B., et al. (2011). The Financial Crisis Inquiry Report: Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States (Revised Corrected Copy). Government Printing Office.
Paper not yet in RePEc: Add citation now
Ausubel, L. M. (1991). The failure of competition in the credit card market. The American Economic Review, 50–81 https://www.jstor.org/stable/2006788 .
Avery, R. B., & Brevoort, K. P. (2015). The subprime crisis: Is government housing policy to blame? Review of Economics and Statistics, 97, 352–363.
Bhutta, N. (2012). GSE activity and mortgage supply in lower-income and minority neighborhoods: The effect of the affordable housing goals. The Journal of Real Estate Finance and Economics, 45, 238–261.
Bhutta, N., & Hizmo, A. (2021). Do minorities pay more for mortgages? The Review of Financial Studies, 34, 763–789.
- Bhutta, N., & Ringo, D. R. (2015). The 2014 home mortgage disclosure act data. Federal Reserve Bulletin, 101.
Paper not yet in RePEc: Add citation now
Bhutta, N., & Ringo, D. R. (2021). The effect of interest rates on home buying: Evidence from a shock to mortgage insurance premiums. Journal of Monetary Economics, 118, 195–211.
- Bhutta, N., Fuster, A., Hizmo, A. (2020) Paying too much? Price dispersion in the US mortgage market, FEDS Working Paper No. 20202–62. https://doi.org/10.17016/FEDS.2020.062 .
Paper not yet in RePEc: Add citation now
- Congressional Budget Office. (1996). Assessing the public costs and benefits of Fannie Mae and Freddie Mac. https://www.cbo.gov/publication/10339 . Accessed 9 May 2022.
Paper not yet in RePEc: Add citation now
- Congressional Budget Office. (2010). Fannie Mae, Freddie Mac, and the federal role in the secondary mortgage market. https://www.cbo.gov/sites/default/files/111th-congress-2009-2010/reports/12-23-fanniefreddie.pdf . Accessed 9 May 2022.
Paper not yet in RePEc: Add citation now
Damen, S., & Buyst, E. (2017). Mortgage shoppers: How much do they save? Real Estate Economics, 45, 898–929.
DeFusco, A. A., & Paciorek, A. (2017). The interest rate elasticity of mortgage demand: Evidence from bunching at the conforming loan limit. American Economic Journal: Economic Policy, 9, 210–240.
Elenev, V., Landvoigt, T., & Van Nieuwerburgh, S. (2016). Phasing out the GSEs. Journal of Monetary Economics, 81, 111–132.
Favilukis, J., Ludvigson, S. C., & Van Nieuwerburgh, S. (2017). The macroeconomic effects of housing wealth, housing finance, and limited risk sharing in general equilibrium. Journal of Political Economy, 125, 140–223.
Fisher, L. M., Fratantoni, M., Oliner, S. D., & Peter, T. J. (2021). Jumbo rates below conforming rates: When did this happen and why? Real Estate Economics, 49, 461–489.
- Frame, W. S., Gerardi, K., Willen, P. (2015). The failure of supervisory stress testing: Fannie Mae, Freddie mac, and OFHEO, FRB Atlanta Working Paper.
Paper not yet in RePEc: Add citation now
- Freddie Mac. (2015). Freddie Mac update: Investor presentation, September 2015.
Paper not yet in RePEc: Add citation now
Fuster, A., & Vickery, J. (2015). Securitization and the fixed-rate mortgage. Review of Financial Studies, 28, 176–211.
Fuster, A., & Zafar, B. (2021). The sensitivity of housing demand to financing conditions: Evidence from a survey. American Economic Journal: Economic Policy, 13, 231–265.
Fuster, A., Goodman, L. S., Lucca, D. O., Madar, L., Molloy, L., & Willen, P. (2013). The rising gap between primary and secondary mortgage rates. Economic Policy Review, 19.
Gete, P., & Zecchetto, F. (2018). Distributional implications of government guarantees in mortgage markets. The Review of Financial Studies, 31(3), 1064–1097.
Green, R. C., Li, D., & Schürhoff, N. (2010). Price discovery in illiquid markets: Do financial asset prices rise faster than they fall? The Journal of Finance, 65, 1669–1702.
Grundl, S., & Kim, Y. S. (2021). The marginal effect of government mortgage guarantees on homeownership. Journal of Monetary Economics, 119, 75–89.
Gurun, U. G., Matvos, G., & Seru, A. (2016). Advertising expensive mortgages. The Journal of Finance, 71, 2371–2416.
Hendershott, P. H., & Shilling, J. D. (1989). The impact of the agencies on conventional fixed-rate mortgage yields. The Journal of Real Estate Finance and Economics, 2, 101–115.
- Hogan, J. P. (2016). An empirical analysis of government-sponsored enterprise policy. Ph.D. Dissertation, Columbia University. https://www.proquest.com/docview/1749034882 .
Paper not yet in RePEc: Add citation now
Hurst, E., Keys, B. J., Seru, A., & Vavra, J. (2016). Regional redistribution through the US mortgage market. The American Economic Review, 106, 2982–3028.
Jeske, K., Krueger, D., & Mitman, K. (2013). Housing, mortgage bailout guarantees and the macro economy. Journal of Monetary Economics, 60, 917–935.
- Johnson, S. (2020). Mortgage Leverage and House Prices. https://doi.org/10.2139/ssrn.3538462 .
Paper not yet in RePEc: Add citation now
Kaufman, A. (2014). The influence of Fannie and Freddie on mortgage loan terms. Real Estate Economics, 42, 472–496.
Kleven, H. J., & Waseem, M. (2013). Using notches to uncover optimization frictions and structural elasticities: Theory and evidence from Pakistan. The Quarterly Journal of Economics, 128, 669–723.
- Laufer, S., & Paciorek, A. (2022). The effects of mortgage credit availability: Evidence from minimum credit score lending rules. American Economic Journal: Economic Policy, 14(1), 240–276.
Paper not yet in RePEc: Add citation now
Lehnert, A., Passmore, W., & Sherlund, S. M. (2008). GSEs, mortgage rates, and secondary market activities. The Journal of Real Estate Finance and Economics, 36, 343–363.
Loutskina, E., & Strahan, P. E. (2009). Securitization and the declining impact of bank finance on loan supply: Evidence from mortgage originations. The Journal of Finance, 64, 861–889.
Loutskina, E., & Strahan, P. E. (2011). Informed and uninformed investment in housing: The downside of diversification. The Review of Financial Studies, 24, 1447–1480.
MacDonald, D. (2019). The effect of the 2014 Federal Housing Administration Loan Limit Reductions on homeownership decisions. Housing Policy Debate, 29, 380–396.
McKenzie, J. A. (2002). A reconsideration of the jumbo/non-jumbo mortgage rate differential. The Journal of Real Estate Finance and Economics, 25, 197–213.
- McLean, B. (2015). Shaky ground: The strange Saga of the U.S. mortgage giants. Princeton University Press.
Paper not yet in RePEc: Add citation now
Park, K. A. (2017). Temporary loan limits as a natural experiment in Federal Housing Administration Insurance. Housing Policy Debate, 27(3), 449–466. https://doi.org/10.1080/10511482.2016.1234501 .
Park, K. A. (2021). Housing choice under borrowing constraints. Housing Policy Debate, 31, 342–372.
Passmore, W. (2005). The GSE implicit subsidy and the value of government ambiguity. Real Estate Economics, 33, 465–486.
Passmore, W., Sherlund, S. M., & Burgess, G. (2005). The effect of housing government-sponsored enterprises on mortgage rates. Real Estate Economics, 33, 427–463.
Peltzman, S. (2000). Prices rise faster than they fall. Journal of Political Economy, 108, 466–502.
- Pradhan, A. (2018). “Why are jumbo loans cheaper than conforming loans?” CoreLogic insights blog, Aug. 22. https://www.corelogic.com/intelligence/why-are-jumbo-loans-cheaper-than-conforming-loans/ . Accessed 9 May 2022.
Paper not yet in RePEc: Add citation now
Tappata, M. (2009). Rockets and feathers: Understanding asymmetric pricing. The Rand Journal of Economics, 40, 673–687.
- Treasury Department and HUD. (2011). Reforming America’s housing finance market: A report to congress. https://archives.hud.gov/news/2011/housingfinmarketreform.pdf . Accessed 9 May 2022.
Paper not yet in RePEc: Add citation now
Woodward, S. E., & Hall, R. E. (2012). Diagnosing consumer confusion and sub-optimal shopping effort: Theory and mortgage-market evidence. American Economic Review, 102, 3249–3276.