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 …

This paper assesses the relative importance of two key drivers of mortgage default: negative equity and illiquidity. To … do so, the authors combine loan-level mortgage data with detailed credit bureau information about the borrower's broader … authors find that both negative equity and illiquidity are significantly associated with mortgage default, with comparably …

refinance loans, conditional on not experiencing mortgage default. We find that starting in 2009, subprime borrowers are about … half as likely as prime borrowers to refinance, although they still shop for mortgage credit, indicating their interest in …

mortgage foreclosure auction process compared with law firms that contract with independent auction companies. They find that …

mortgage crisis, many servicers had limited experience selecting the best borrowers for modification. As modification activity … modification terms. Our empirical findings suggest that mortgage modification effectiveness could be enhanced through the industryâ …

Following the 2008 financial crisis, mortgage credit tightened and banks lost significant mortgage market share to … similar to those of traditional lenders? Unlike in small business and unsecured consumers lending, fintech mortgage lenders do … not have the same incentives or flexibility to use alternative data for credit decisions because of stringent mortgage …

The state of Nevada passed legislation in 2009 that abolished deficiency judgments for purchase mortgage loans made … unique mortgage loan-level application and performance data, we find strong evidence that lenders tightened their lending … mortgages after implementation of the law. Borrowers, by contrast, did not delay their mortgage applications until after the law …

Federal Housing Finance Agency. Using unique data sets that contain both approved and nonapproved mortgage applications, this … study provides an empirical examination of the impact of the HVCC on appraisal and mortgage outcomes. The results suggest …

few, if any, offsetting benefits. We also provide early analysis of the new mortgage servicing rules enacted by the …