We estimate the effect of student loan debt on subsequent homeownership in a uniquely
constructed administrative data set for a nationally representative cohort. We instrument for …

We show that search frictions in credit markets affect accepted interest rates and loan sizes
and distort consumption. Using data on car loan applications and originations not …

We consider the relationship between an individual's financial self‐awareness, defined as
detailed knowledge about one's current financial assets, liabilities, and spending patterns …

We construct a new measure of mortgage credit availability using a technique developed for
production frontier estimation. The resulting “loan frontier” describes the maximum amount …

Despite falling interest rates and federal policy intervention, many borrowers who could
financially gain from refinancing have not done so. We investigate the rates at which, relative …

An expansion in mortgage credit to subprime borrowers is widely believed to have been a
principal driver of the 2002-2006 US house price boom. By contrast, this paper documents a …

We estimate a county-level model of household delinquency and use it to conduct “stress
tests” of household debt. Applying house price and unemployment rate shocks from …

Using a novel combination of mortgage datasets, we analyze the effects of two policy levers
influencing the scope of Fannie Mae and Freddie Mac's (Government-Sponsored …

Fintech lenders are known for the use of alternative data and sophisticated technologies in
delivering financial services. However, based on the pricing and performance of over two …

Abstract Parents in the United States frequently supplement the student loans available to
their children by cosigning on a loan, borrowing against their home equity, or with …