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 …

mortgages. …

Consider the sale of mortgages by a loan originator to a buyer. As widely noted, such a transaction is subject to a … mortgages. However, a second important feature of this transaction has received much less attention: both the seller and the … buyer may have existing inventories of mortgages similar to those being sold. The authors analyze how the presence of such …

filing allows them to shift funds from paying other debts to paying their mortgages. But a major reform of U.S. bankruptcy … unintended consequence of the reform was to cause mortgage default rates to rise. Using a large dataset of individual mortgages …