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, especially, the financial cost of filing for bankruptcy. We study the effects of the reform on bankruptcy, insolvency, and … foreclosure. We find that the reform caused a permanent drop in the Chapter 7 bankruptcy rate relative to pre-reform levels, owing …. We find that the decline in bankruptcy filings resulted in a rise in the rate and persistence of insolvency as well as an …
Persistent link: https://www.econbiz.de/10011254936
"We conduct a systematic comparison of confidence intervals around estimated probabilities of default (PD), using several analytical approaches from large-sample theory and bootstrapped small-sample confidence intervals. We do so for two different PD estimation methods--cohort and duration...
Persistent link: https://www.econbiz.de/10002521762
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Remarks at the Quarterly Regional Economic Press Briefing, New York City.
Persistent link: https://www.econbiz.de/10010724937
Remarks at Dominican College, Orangeburg, New York.
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Remarks before the Bronx Chamber of Commerce at the New York Botanical Garden, Bronx, New York.
Persistent link: https://www.econbiz.de/10010724974
Remarks at the New Jersey Bankers Association Economic Forum, Iselin, New Jersey.
Persistent link: https://www.econbiz.de/10010724975
Remarks at Fordham University's Gabelli School of Business, Bronx, New York.
Persistent link: https://www.econbiz.de/10010724994
Remarks at the Business Council of Fairfield County, Stamford, Connecticut.
Persistent link: https://www.econbiz.de/10010725040
Mortgage modifications have become an important component of public interventions designed to reduce foreclosures. In this paper, we examine how the structure of a mortgage modification affects the likelihood of the modified mortgage re-defaulting over the next year. Using data on subprime...
Persistent link: https://www.econbiz.de/10008636166