We incorporate house price risk and mortgages into a standard incomplete market (SIM) model. We calibrate the model to … payment requirement of 15 percent reduces defaults on mortgages by 30 percent, reduces the homeownership rate up to only 0 …

How did investors holding assets backed by subprime residential mortgages react when Treasury Secretary Paulson … announced the so-called "teaser freezer" plan to modify mortgages in December 2007? We apply event-study methodology to the ABX …

home values appreciated relatively rapidly. After the housing boom, foreclosures on non-occupant mortgages in several … Midwestern and Northeastern states reflected primarily a high rate of foreclosure per mortgage, not a high volume of mortgages to … impact overall, because they have both a high volume of mortgages to non-occupant owners and a high rate of foreclosure on …

How did investors holding assets backed by subprime residential mortgages react when Treasury Secretary Paulson … announced the so-called "teaser freezer" plan to modify mortgages in December 2007? We apply event-study methodology to the ABX …