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Mortgage defaults

Hatchondo, Juan Carlos; Martinez, Leonardo; Sánchez, … - 2011

Persistent link: https://www.econbiz.de/10009312794

The role of information in the rise in consumer bankruptcies

Sánchez, Juan M. - 2009

Persistent link: https://www.econbiz.de/10003828485

Mortgage Defaults

Hatchondo, Juan Carlos - 2012

We incorporate house price risk and mortgages into a standard incomplete market (SIM) model. We calibrate the model to match U.S. data, and we show that the model also accounts for non-targeted features of the data such as the distribution of down payments, the life-cycle profile of...

Persistent link: https://www.econbiz.de/10013096354

The Role of Information in the Rise in Consumer Bankruptcies

Sánchez, Juan M. - 2012

significant effect on the bankruptcy rate. Additionally, a drop in information costs generates changes in other variables (e …

Persistent link: https://www.econbiz.de/10013096666

Bankruptcy and Delinquency in a Model of Unsecured Debt

Athreya, Kartik - 2014

The two channels of default on unsecured consumer debt are (i) bankruptcy, which legally grants partial or complete … of both bankruptcy and delinquency. Our model yields three new findings: First, with respect to the choice between … bankruptcy and delinquency, labor income shocks matter. Specifically, we find delinquency is readily used by borrowers with the …

Persistent link: https://www.econbiz.de/10013065219

Mortgage Defaults and Prudential Regulations in a Standard Incomplete Markets Model

Hatchondo, Juan Carlos - 2014

A model of mortgage defaults is built into the standard incomplete markets model. Households face income and house-price shocks and purchase houses using long-term mortgages. Interest rates on mortgages are determined in equilibrium according to the risk of default. The model accounts for the...

Persistent link: https://www.econbiz.de/10013067493

Endogenous Debt Maturity : Liquidity Risk vs. Default Risk

Manuelli, Rodolfo - 2019

We study the endogenous determination of corporate debt maturity in a setting with default risk. We assume that firms must access the bond market and they issue debt with a flexible structure (coupon, face value, and maturity). Initially, the firm is in a low growth/illiquid state that requires...

Persistent link: https://www.econbiz.de/10012897314

Bankruptcy and Delinquency in a Model of Unsecured Debt

Athreya, Kartik - 2016

facts, we develop a theoretically and institutionally plausible model of debt delinquency and bankruptcy. Our model …

Persistent link: https://www.econbiz.de/10012978230

Bankruptcy and Delinquency in a Model of Unsecured Debt

Athreya, Kartik - 2015

At an aggregate level, formal default via bankruptcy and informal default via delinquency are both quantitatively …

Persistent link: https://www.econbiz.de/10013014284

Household Financial Distress and Household Deleveraging

Jiang, Helu - 2020

Persistent link: https://www.econbiz.de/10012855150