Home appraisals are produced for millions of residential mortgage transactions each year, but appraised values are … institutional framework that governs mortgage lending lead to information loss in appraisals (that is, appraisals set equal to the … incidence of mortgage default at loan-to-value boundaries (notches) above which mortgage insurance rates increase. Appraisals …

The Great Recession led to widespread mortgage defaults, with borrowers resorting to both foreclosures and short sales … transact at 9.2% to 10.5% higher prices on average than those that sell after foreclosure. Short sales also exert smaller … a foreclosure. So why weren’t short sales more prevalent? These home price benefits did not increase the prevalence of …

Ten years after the mortgage crisis, the U.S. housing market has rebounded significantly with house prices now near the …

mortgage crisis, which, in contrast to the preceding housing boom, was not accompanied by a rise in homeownership rates. Using …

prices. The authors explore the possible effects of the government's foreclosure prevention policy in their model. They find …

Since the start of the financial crisis, we have seen an extraordinary lengthening of foreclosure timelines …, particularly in states that require judicial review to complete a foreclosure but also recently in nonjudicial states. Our analysis … of judicial foreclosure review. Consistent with previous studies, we find that judicial review imposes large costs with …

mortgage interest payments were not tax deductible. Temporarily higher inflation might have lowered the foreclosure rate as … match the homeownership rate, the average foreclosure rate, and the lower tail of the distribution of home-equity ratios … facts. We then use the model to account for the foreclosure crisis in terms of three shocks: overbuilding, financial …

We assess the credit market impact of mortgage “strip-down” — reducing the principal of underwater residential … mortgages in bankruptcy was proposed as a means of reducing foreclosures during the recent mortgage crisis but was blocked by … new mortgage applicants. Our identification is provided by a series of U.S. Court of Appeals decisions during the late …

, the average foreclosure rate, and the distribution of home-equity ratios across homeowners prior to the recent boom and … mortgage crisis by studying the consequence of an unanticipated increase in the supply of housing (overbuilding shock). They … show that the model can account for the observed decline in house prices and much of the increase in the foreclosure rate …

Mortgage loss-given-default (LGD) increased significantly when house prices plummeted and delinquencies rose during the … foreclosure timelines, which have offset higher sales recoveries. Simulations show that cutting foreclosure timelines by one year … extended foreclosure timelines and increased loss severities in spite of their benefits of increasing loan modifications and …