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Mortgage Default, Foreclosure, and Bankruptcy
Li, Wenli - 2009
mortgages. Bankruptcy and foreclosure similarly may be either substitutes or complements. In fact we show that both … foreclosure rates raise homeowners' probability of foreclosure. We provide estimates of the size of these effects. The paper …
Persistent link: https://www.econbiz.de/10013155027
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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 V. - 2015
reinterpretation of the U.S. foreclosure crisis as more of a prime, rather than a subprime, borrower issue. Moreover, traditional … mortgage default factors associated with the economic cycle, such as negative equity, completely account for the foreclosure …
Persistent link: https://www.econbiz.de/10013021028
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Policy Intervention in Debt Renegotiation : Evidence from the Home Affordable Modification Program
Agarwal, Sumit - 2012
We evaluate the effects of the 2009 Home Affordable Modification Program (HAMP) that provided intermediaries with sizeable financial incentives to renegotiate mortgages. HAMP increased intensity of renegotiations and prevented substantial number of foreclosures but reached just one-third of its...
Persistent link: https://www.econbiz.de/10013101335
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Reducing Foreclosures : No Easy Answers
Foote, Christopher L. - 2010
This paper takes a skeptical look at a leading argument about what is causing the foreclosure crisis and distills some … and empirical evidence supporting the hypothesis that the efficiency of foreclosure for investors is a more plausible …
Persistent link: https://www.econbiz.de/10013152511
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Leverage and the Foreclosure Crisis
Corbae, Dean - 2013
explain between 40% to 65% of the initial rise in foreclosure rates. Furthermore, we run policy experiments which suggest that …
Persistent link: https://www.econbiz.de/10013077660
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Is There a Link between Foreclosure and Health?
Currie, Janet - 2011
hospital and emergency room visits from four states that were among the hardest hit by the foreclosure crisis. We find that …
Persistent link: https://www.econbiz.de/10013121074
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Using Bankruptcy to Reduce Foreclosures : Does Strip-Down of Mortgages Affect the Supply of Mortgage Credit?
Li, Wenli - 2014
lending. According to these findings, re-introducing strip-down of mortgages in bankruptcy as a foreclosure-prevention program …
Persistent link: https://www.econbiz.de/10013057412
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The Degree of Judicial Enforcement and Credit Markets : Evidence from Japanese Household Panel Data
Horioka, Charles Yuji - 2010
In this paper, we conduct an empirical analysis of the impact of better judicial enforcement on the probability of being credit rationed, loan size, and the probability of bankruptcy using household-level data from the Japanese Panel Survey of Consumers, conducted by the Institute for Research...
Persistent link: https://www.econbiz.de/10013149297
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The Dynamics of Adjustable-Rate Subprime Mortgage Default : a Structural Estimation
Fang, Hanming - 2016
delinquency and foreclosure. Importantly, we find that automatic modification mortgages with a cushion, under which the monthly … delinquency and foreclosure rates. Our counterfactual analysis also suggests that limited commitment power on the part of the …
Persistent link: https://www.econbiz.de/10013002568
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Why Don't Lenders Renegotiate More Home Mortgages? Redefaults, Self-Cures and Securitization
Adelino, Manuel - 2015
We document the fact that servicers have been reluctant to renegotiate mortgages since the foreclosure crisis started …
Persistent link: https://www.econbiz.de/10013039412