. Contrary to popular perception, we do not find evidence that mortgage-backed securities or the performance of real estate loans … ; financial crisis ; mortgage crisis …

magnified losses in the mortgage market into large dislocations and turmoil in financial markets …

magnified losses in the mortgage market into large dislocations and turmoil in financial markets …

Crisis. They tell a story of what went wrong and why. For instance, had mortgage contracts not been ill-designed in the sense …

This paper reviews recent research on mortgage default, focusing on the relationship of this research to the recent … explicitly addressing reverse causality between rising foreclosures and falling house prices. Mortgage defaults were also a key … researchers to explore the central unsolved question in this area: why mortgage default is so rare, even for households with high …