In a recent set of influential papers, researchers have argued that residential mortgage foreclosures reduce the sale … mortgage distress on house prices. …

done to stop it. We use an economic model to focus on two key decisions: the borrower's choice to default on a mortgage and … illustrate that unaffordable loans, defined as those with high mortgage payments relative to income at origination, are unlikely …

stabilization of the homeowner’s net wealth, price the instruments, and quantify the expected decrease in the mortgage default risk …

mortgage finance. We describe the special features of these two companies and their roles in the mortgage markets. We then …

This paper examines two major forces that may soon increase competition in the U.S. secondary conforming mortgage … market: 1) the expansion of Federal Home Loan Bank mortgage purchase programs, and 2) the adoption of revised risk …

inflation, (ii) expected inflation, (iii) unexpected inflation and (iv) changes in expected inflation. Using the structural … and inflation, we find that the Mundell-Tobin model and the explanation of Fama and Gibbons (1982) are not ceompetitors …

measurement instruments are not appropriate for diagnostic purposes, and their scores overlap substantially with other disorders …

inflation through the identification of turning points and structural shocks. After establishing the sought-after properties (of … smoothness, stability, and forecasting) for core inflation, we turn to the discussion of real-time diagnosis for a low inflation … environment. This is done in the context of weekly estimates of Swiss inflation. The intra-monthly estimates for core inflation …