Mortgages are the largest component of household debt, and the mortgage market influences many aspects of the economy, such as homeownership and wealth accumulation, inequality, real estate prices, household balance sheets and consumption, the structure of the financial sector, financial cycles and systemic risk, and the transmission of monetary policy and macroeconomic shocks. The mortgage market has also experienced many changes in recent years, including tighter regulation, the growth of nonbank and fintech lending, and mortgage forbearance and a refinancing wave induced by the pandemic.

The Mortgage Market Research Conference was a forum for the presentation and discussion of new academic research on topics related to mortgages and the mortgage market. The conference also included two panel discussions of current issues and trends featuring policymakers, practitioners, and researchers. View the conference agenda and download the speaker presentations.

Watch Videos of the Event

Recordings of the sessions are available in the event playlist and in the player below.

Conference Logistics

The conference took place over the course of two days and was jointly organized by the Philadelphia Fed Consumer Finance Institute, the Research Department, and the Supervision, Regulation, and Credit Department.

  • Tuesday, May 10 (afternoon only): Mortgage Market Policies and Practices
  • Wednesday, May 11: Mortgage Market Research

Conference Organizers

All organizers were from the Federal Reserve Bank of Philadelphia

Program Committee

  • Neil Bhutta, Board of Governors of the Federal Reserve System
  • Lynn Fisher, formerly with the Federal Housing Finance Agency
  • Andreas Fuster, École Polytechnique Fédérale de Lausanne
  • Stuart Gabriel, University of California, Los Angeles
  • Adam Guren, Boston University
  • Sasha Indarte, University of Pennsylvania
  • Ben Keys, University of Pennsylvania
  • Wenli Li, Federal Reserve Bank of Philadelphia
  • Christopher Palmer, Massachusetts Institute of Technology
  • Tomasz Piskorski, Columbia University
  • Stijn Van Nieuwerburgh, Columbia University

For questions, please contact Phil.Mortgage.Conference@phil.frb.org.