Showing 1 - 10 of 15
Persistent link: https://www.econbiz.de/10005360550
This paper examines what happens to mortgages in the subprime mortgage market once foreclosure proceeding are initiated …
Persistent link: https://www.econbiz.de/10005352764
Mortgage Guarantee Insurance (MGI) provides protection to lenders against default by borrowers who have less than 20 percent equity interest in the mortgaged property. The existence of this form of insurance helps to stimulate home ownership by allowing consumers with less than twenty percent...
Persistent link: https://www.econbiz.de/10005352802
Fannie Mae and Freddie Mac are government sponsored enterprises (GSEs) with publicly traded equity. Although these companies hold government issued charters, their securities are not legally backed by the full faith and credit of the United States government. Yet, investors and rating agencies...
Persistent link: https://www.econbiz.de/10005352899
Local authorities in North Carolina, and subsequently in at least 23 other states, have enacted laws intending to reduce predatory and abusive lending. While there is substantial variation in the laws, they typically extend the coverage of the Federal Home Ownership and Equity Protection Act...
Persistent link: https://www.econbiz.de/10005352906
mortgages is used to examine if individual servicers are associated with systematic differences in mortgage performance …
Persistent link: https://www.econbiz.de/10005352942
This paper examines the choice of borrowers to extract wealth from housing in the high-cost (subprime) segment of the mortgage market while refinancing and assesses the prepayment and default performance of these cash-out refinance loans relative to the rate refinance loans. Consistent with...
Persistent link: https://www.econbiz.de/10005352998
This paper focuses on understanding the determinants of the performance of subprime mortgages. A growing body of …
Persistent link: https://www.econbiz.de/10005707699
This paper examines the implications of delinquency on the performance of subprime mortgages. Specifically, we examine … whether delinquency has any predictive power of the future performance of a mortgage. Using a sample of subprime mortgages …
Persistent link: https://www.econbiz.de/10005707707
Local authorities in North Carolina, and subsequently in at least 23 other states, have enacted laws intending to reduce predatory and abusive lending. While there is substantial variation in the laws, they typically extend the coverage of the Federal Home Ownership and Equity Protection Act...
Persistent link: https://www.econbiz.de/10005707759