The meltdown in residential real-estate prices that commenced in 2006 resulted in unprecedented mortgage delinquency … following modifications. While modification terms are more favorable for weaker borrowers, greater reductions in mortgage … point decline in mortgage interest rate is associated with a nearly 4 percentage point decline in default probability. This …

% of the U.S. mortgage market. Exploiting within-servicer variation in these data, we find that bank-held loans are 26% to …

borrower types and provides better pricing. We test the effectiveness of a specific set of contracts in the mortgage market …: mortgage points. Points allow borrowers to exchange an upfront amount for a decrease in the mortgage rate. We document that, on … overestimate how long they will stay with the mortgage …

Political Action Committees of the largest mortgage servicing banks to the committee members in that period and is comparable to …

We explore the effects of mandatory third-party review of mortgage contracts on the terms, availability, and … performance of mortgage credit. Our study is based on a legislative experiment in which the State of Illinois required “high …-risk” mortgage applicants acquiring or refinancing properties in 10 specific zip codes to submit loan offers from state …