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Residential Mortgage Relief
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Yale Program on Financial Stability
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Working Document - Updates in Progress
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Purpose: This document provides an overview of Residential Mortgage Relief. It highlights programs that were extended, modified, or created in response to the the COVID-19 Crisis, the Global Financial Crisis, the European Sovereign Debt Crisis, as well as other miscellaneous programs. It also provides a list of interesting features and relevant evaluations a policymaker should pay special attention to when designing such a program.
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Blog Post: Residential Mortgage and Rent Relief
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For a discussion of the Residential Mortgage Relief based on this resource guide, please see the linked blog post, which highlights key design decisions.
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Tab 1: Programs
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High-level overviews of programs are summarized by country, with specific attention paid to extension/expansion of existing programs and additional programs. Supporting documentation is provided.
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Tab 2: Interesting Features
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Interesting design features of programs from Tab 1 are listed and categorized by type of design decision, such as interesting debt restructuring options, novel implementations of forbearance, or interesting protections for homeowners. Yellow highlighting indicates that the specific feature warrants caution, and the reason for caution is provided.
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Tab 3: Evalutions
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Compiles key takeaways from evaluations of specific programs. Evaluations include those related to program usage, such as official reports, or evaluations of the effectiveness of the program.
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Tab 4: General Resources
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A repository for relevant or general information, such as the IMF, the Swiss National Bank, and the Federal Reserve. Other documents are added as identified.
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For questions about this document, please contact: ypfs@yale.edu
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