reduce debtors' mortgage payments, i.e., introducing quot;cram-downquot; of mortgages in Chapter 13. lt;brgt; lt;brgt;We find … that 96% of Chapter 13 filers are homeowners and 79% of filers repay mortgage debt in their repayment plans; while just 9 …

We use variation in mortgage modifications to disentangle the impact of reducing long-term obligations with no change …

In the U.S. mortgage market, private mortgage insurance (PMI) is mandated for high-leverage mortgages purchased by … research regarding house price risk. Using three detailed sources of mortgage and insurance data, we examine PMI application … underprice risk and be undercapitalized. Our results suggest that rather than providing discipline, private mortgage insurers …

leverage, precautionary saving in liquid assets and illiquid home equity, debt repayment, mortgage refinancing, and default …

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 …

We introduce a reduced-form modeling framework for mortgage-backed securities in which we solve for the implied … actual prepayments, providing direct evidence of significant prepayment risk premia in mortgage-backed security prices. We … risk. We also find evidence that mortgage-backed security prices were significantly affected by Fannie Mae credit risk and …