We present a simple, linear asset pricing model of the cross section of Mortgage-Backed Security (MBS) returns in which …

Surprisingly little is known about the importance of mortgage payment size for default, as efforts to measure the …

exhibits a surprising amount of time variation. A simple utility framework of mortgage choice points to the bond risk premium … confirm empirically that the bulk of the time variation in household mortgage choice can be explained by time variation in the … mortgage choice, thereby lending further credibility to a theory of strategic mortgage timing by households …

Mortgage cramdown enabled bankruptcy judges to discharge the underwater portion of a mortgage during Chapter 13 …

This paper investigates the impact of lower mortgage rates on household balance sheets and other economic outcomes … loans, which constitute the vast majority of U.S. mortgage borrowers. Relying on variation in the timing of resets of … adjustable rate mortgages, we find that a sizable decline in mortgage payments ($150 per month on average) induces a significant …

During the Last three years mortgage rates have risen relative to yields on comparable maturity bonds. The questions … between early 198 and early 1981 in coupon rates on GNMA mortgage pools relative to ''the" rate on a comparable portfolio of … Treasury bonds to be about 100 basis points. We attribute the increase to a rise in the terminations premia built into mortgage …

a house in coastal areas may be at increasing risk of defaulting on their mortgage. Commercial banks have the ability to … Mortgage Association, commonly known as Fannie Mae, and the Federal Home Loan Mortgage Corporation, known as Freddie Mac. In … or default. A structurally estimated model of mortgage pricing with asymmetric information suggests that bunching at the …