be four percentage points higher in statutory foreclosure states, they are estimated to be 13 percentage points higher in … judicial foreclosure states and 19 percentage points higher in the highest-cost state, New York. We discuss the policy … fees 15-30 basis points in five high-cost judicial states. Combined with evidence that foreclosure delays do not improve …

principle that seniority follows time priority leaves the new refinancing mortgage junior to mortgages that were junior to the …

growth in this market, only 2.1% of eligible homeowners had RMLs in 2011. In this paper, we analyze reverse mortgages in a …

principle that seniority follows time priority leaves the new refinancing mortgage junior to mortgages that were junior to the …

with an increased reliance on alternative mortgage products such as pay-option and interest-only adjustable rate mortgages … that spurred use of alternative mortgages during the housing boom and the resulting impact on default patterns, relying on … feature of alternative mortgages. The model shows that, when future house-price expectations become more favorable, reducing …

alternative mortgage products such as pay-option ARMs and interest-only mortgages, which allow the borrower to defer principal … amortization. The goal of this paper is to better understand the forces that spurred use of alternative mortgages during the … repayment through various mechanisms that constitutes a main feature of alternative mortgages. The model shows that, when future …