Purchasing a home is perhaps the single most important financial decision a household will make. What must every consumer know in order to make the right housing decision? For example, what factors should individuals take into account to decide whether and when to buy a house? When they are ready to purchase a home, how should they choose among the myriad of available mortgage products?

Durante el mes de agosto el importe medio de las constituciones de hipoteca inscritas en los registros de la propiedad se sitúa en 109.770 euros, cifra un 9,4% menor que la del mismo mes del año 2011 y un 10,7% superior a la registrada en julio de 2012. En el caso de hipotecas sobre viviendas, el importe medio es de 103.592 euros, un 3,3% menos que en agosto de 2011 y un 4,8% superior al de julio de 2012.

We examine the impact of banks' exposure to market liquidity shocks through wholesale funding on their supply of credit during the financial crisis in the United States. We focus on mortgage lending to minimize the impact of confounding demand factors that could potentially be large when comparing banks' overall lending across heterogeneous categories of credit. The disaggregated data on mortgage applications that we use allows us to study the time variations in banks' decisions to grant mortgage loans, while controlling for bank, borrower, and regional characteristics.

Durante el mes de marzo el importe medio de las constituciones de hipoteca inscritas en los registros de la propiedad se sitúa en 112.635 euros, cifra un 4,3% inferior a la del mismo mes del año 2011 y un 0,4% mayor que la registrada en febrero de 2012. En el caso de hipotecas sobre viviendas, el importe medio es de 103.782 euros, un 7,8% menos que en marzo de 2011 y un 1,0% inferior al registrado en febrero de 2012.

The FSB Principles for Sound Residential Mortgage Underwriting Practices aim to provide a framework for jurisdictions to set minimum acceptable underwriting standards. Jurisdictions should ensure that lenders adopt sound mortgage underwriting standards against which supervisors can monitor and supervise. Lenders may choose to outsource aspects of the activities covered by these Principles, for example to credit intermediaries, credit bureaus and appraisers, but jurisdictions should ensure that lenders retain responsibility for all such tasks. The examples presented in italics provided throughout the Principles should be interpreted as such, and jurisdictions should implement the Principles accordingly.