We use mortgage contracts data to look at mortgage trends linked to the coronavirus (Covid-19) crisis and compare them to the 2007-09 financial crisis.
Summary
This paper seeks to contribute to the debate on the economic consequences of coronavirus. We use data on all regulated residential mortgage contracts offered and originated in the UK to:
- document the major trends in the residential mortgage market during 2020
- highlight similarities and differences between the recent pandemic and the 2007-09 financial crisis
- provide a set of indicators that can be used to monitor and evaluate major developments in the mortgage market of any country
Authors
Philippe Bracke, Karen Croxson, Daoud Fakhri, Paolo Surico and Tommaso Valletti
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