Showing 1 - 9 of 9
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"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 from the loan performance database on securitized...
Persistent link: https://www.econbiz.de/10002977392
Persistent link: https://www.econbiz.de/10001974199
"This paper focuses on understanding the determinants of the performance of subprime mortgages. A growing body of literature recognizes the substantial lag between the time that a borrower stops making payments on a mortgage and the termination of the loan. The duration of this lag and the...
Persistent link: https://www.econbiz.de/10002995304
This paper measures the extent to which destination resort casinos export bankruptcy back to visitors' home states … local bankruptcy. Using various survey data, we calculate the number of visits from each state to casino resort destinations …-of-state casino resorts have higher bankruptcy filings. This effect is dominant in the south, suggesting that casinos located in …
Persistent link: https://www.econbiz.de/10005352817
entrepreneurship. Specifically, we investigate whether marginal income tax rates and bankruptcy exemptions influence rates of …-shaped relationship between bankruptcy exemptions and entrepreneurship. …
Persistent link: https://www.econbiz.de/10005707771
This paper estimates the dynamics of the personal-bankruptcy rate over the business cycle by exploiting large cross …-state variation in recessions and bankruptcies. We find that bankruptcy rates are significantly higher than normal during a recession … and rise as a recession persists. After a recession ends, there is a hangover whereby bankruptcy rates begin to fall but …
Persistent link: https://www.econbiz.de/10008489207
We analyze an exchange economy of unsecured credit where borrowers have the option to declare bankruptcy in which case …
Persistent link: https://www.econbiz.de/10010585880