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 …

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

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 …

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

Empirical models of mortgage default typically find that the influence of unemployment is negligible compared to other … assigns a critical role to unemployment status in the decision to stop payment on a mortgage. We help reconcile this …

mortgage and small business lending by 23% to 60% more in areas located inside their home-representative's district than …

Utilizing new panel micro data on the ownership sequences of all types of borrowers from 1997-2012 leads to a … mortgage default factors associated with the economic cycle, such as negative equity, completely account for the foreclosure …

panel regressions, housing credit growth is significantly affected by changes in the maximum debt-service-to-income (DSTI … DSTI ratio limit has a significant effect on housing credit growth when we use mean group and panel event study methods …