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The Political Economy of the U.S. Mortgage Default Crisis
Mian, Atif - 2008
during the crisis. Representatives from districts experiencing an increase in mortgage default rates are significantly more … likely to vote in favor of the AHRFPA. They are precise in responding only to mortgage related constituent defaults, and are …
Persistent link: https://www.econbiz.de/10012464179
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A New Look at the U.S. Foreclosure Crisis : Panel Data Evidence of Prime and Subprime Borrowers from 1997 to 2012
Ferreira, Fernando - 2015
mortgage default factors associated with the economic cycle, such as negative equity, completely account for the foreclosure …
Persistent link: https://www.econbiz.de/10012457406
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House Prices, Home Equity-Based Borrowing, and the U.S. Household Leverage Crisis
Mian, Atif R. - 2009
Using individual-level data on homeowner debt and defaults from 1997 to 2008, we show that borrowing against the increase in home equity by existing homeowners is responsible for a significant fraction of both the sharp rise in U.S. household leverage from 2002 to 2006 and the increase in...
Persistent link: https://www.econbiz.de/10012463368
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The Future of the Government Sponsored Enterprises : The Role for Government in the U.S. Mortgage Market
Jaffee, Dwight - 2011
governmental mortgage guarantee plans, and greater reliance on private mortgage markets. The analysis also considers the likely … consequences of adopting alternative roles for government in the U.S. housing and mortgage markets. We start by reviewing the … history of the GSEs and their contributions to the operation of U.S. housing and mortgage markets, including the actions that …
Persistent link: https://www.econbiz.de/10012460972
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Housing and the Financial Crisis
Glaeser, Edward L. (contributor); Sinai, Todd M. (contributor) - 2013
Sporn, and Joseph Tracy; 3. A Spatial Look at Housing Boom and Bust Cycles / David Genesove and Lu Han; 4. Mortgage … Joseph Gyourko; 8. The Future of the Government-Sponsored Enterprises: The Role for Government in the US Mortgage Market …
Persistent link: https://www.econbiz.de/10013480761
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The Role of Mortgage Brokers in the Subprime Crisis
Berndt, Antje - 2010
Prior to the subprime crisis, mortgage brokers originated about 65% of all subprime mortgages. Yet little is known …
Persistent link: https://www.econbiz.de/10012462482
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Reducing Foreclosures : No Easy Answers
Foote, Christopher - 2009
mortgage and the lender's subsequent choice whether to renegotiate or "modify" the loan. The theoretical model and econometric … analysis illustrate that "unaffordable" loans, defined as those with high mortgage payments relative to income at origination …
Persistent link: https://www.econbiz.de/10012463586
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The Subprime Panic
Gorton, Gary B. - 2008
Understanding the ongoing credit crisis or panic requires understanding the designs of a number of interlinked securities, special purpose vehicles, and derivatives, all related to subprime mortgages. I describe the relevant securities, derivatives, and vehicles to show: (1) how the chain of...
Persistent link: https://www.econbiz.de/10012464249
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The Panic of 2007
Gorton, Gary B. - 2008
unique design reflecting the subprime mortgage design. Subprime securitization tranches were often sold to CDOs, which were …
Persistent link: https://www.econbiz.de/10012464289
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Forbearance by Contract : How Building and Loans Mitigated the Mortgage Crisis of the 1930s
Fleitas, Sebastián - 2015
During the Great Depression, Building and Loans (B&Ls), the leading home lenders, had a structure that mitigated the crisis. Borrowers were owners of the B&L and dissolution of the institution required a two-thirds majority vote. Using panel data from New Jersey in the 1930s, we find that this...
Persistent link: https://www.econbiz.de/10012456885