From questions to confidence - Credit Card, Mortgage ...

Mortgage Leverage and House Prices ∗ Stephanie Johnson† January 14, 2019 Abstract I measure the e ect of mortgage leverage restrictions on house prices using a change in the eligibility requirements imposed by Fannie Mae and Freddie Mac. In 1999, Fannie Mae and Freddie Mac’s debt-to-income requirements diverged, leading ................
................