Roberto QuerciaPI. We will conduct two analyses with implications for how the recovering U.S. mortgage market will impact families in the future. First, we propose to examine the role of servicing in mediating lending risks, based on learnings from the crisis. Second, we will develop estimates of the size of the mortgage market of the future and profile the segments who are most at risk of being unserved. We will collaborate with the Center for Responsible Lending and the Harvard Joint Center for Housing Studies.