Federal Reserve Bank of Philadelphia Consumer Finance Institute: 'Incomplete Pass-Through in Mortgage Markets'
October 13, 2025
October 13, 2025
PHILADELPHIA, Pennsylvania, Oct. 13 (TNSLrpt) -- The Federal Reserve Bank of Philadelphia's Consumer Finance Institute issued a working paper in October 2025 entitled "Incomplete Pass-Through in Mortgage Markets."
Here are excerpts:
* * *
1 Introduction
Many important policies can be summarized as changes in the marginal cost of mortgage origination. For example, moving Fannie Mae and Freddie Mac (the GSEs) out of conservatorship . . .
Here are excerpts:
* * *
1 Introduction
Many important policies can be summarized as changes in the marginal cost of mortgage origination. For example, moving Fannie Mae and Freddie Mac (the GSEs) out of conservatorship . . .