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Policy intervention in debt renegotiation: Evidence from the Home Affordable Modification Program

Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - 2013

evaluating the effects of the 2009 Home Affordable Modification Program (HAMP) that provided intermediaries (servicers) with … more exposed to the program. Regions where HAMP was used intensively saw a lower rate of house price decline as well as an …

Persistent link: https://www.econbiz.de/10010352185

Policy intervention in debt renegotiation : evidence from the Home Affordable Modification Program

Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - 2013

Persistent link: https://www.econbiz.de/10010212760

Foreclosure Rescue Fraud and Net Benefit Analysis : Making the Case for an Equitable Mortgage

Barnett, Harold C. - 2011

Equity stripping fraud often masquerades as a sale-leaseback contract. Homeowners anticipating a refinance to settle a foreclosure are victimized through a transfer of ownership and theft of equity. The doctrine of equitable mortgage is a legal theory used to challenge these fraudulent...

Persistent link: https://www.econbiz.de/10013121650

The HAMP NPV Model : Development and Early Performance

Holden, Steve - 2011

component of the Obama Administration's Home Affordable Modification Program (HAMP) was the development of a standardized Net …. This paper discusses the development of the HAMP NPV model, its purpose, and some important constraints that dictated its … relationship between HAMP modification performance and key borrower and modification characteristics. The paper concludes with a …

Persistent link: https://www.econbiz.de/10013122670

Real Estate Agents as Agents of Social Change : Redlining, Reverse Redlining, and Greenlining

Szto, Mary - 2014

This article examines the role of US real estate agents in redlining, reverse redlining, and greenlining practices. Redlining was the practice of the Federal government, private banks, and other institutions to deny credit to neighborhoods based on race. Reverse redlining is marketing inferior...

Persistent link: https://www.econbiz.de/10013047649

Recourse and Non-Recourse Mortgages : Foreclosure, Bankruptcy, Policy

Harris, Ron - 2010

The recourse-non-recourse dimension is fundamental in any loan as it deals most directly with the pool of assets out of which lender can collect at delinquency and default. This paper calls attention to an exceptional feature of the American home mortgage market, compared to mortgage markets...

Persistent link: https://www.econbiz.de/10013144700

Does Appraiser and Borrower Race Affect Valuation?

Ambrose, Brent W.; Conklin, James; Coulson, N. Edward; … - 2021

Following concerns about undervaluation of minority-owned homes, we examine the incidence of racial appraisal bias using a nationwide sample of refinanced mortgages from 2000 to 2007. A unique feature of our data is that they allow us to observe the race of the both the homeowner and the...

Persistent link: https://www.econbiz.de/10013322743

Why Cyclicality Matters to Access to Mortgage Credit

McCoy, Patricia A. - 2017

Virtually no attention has been paid to the problem of cyclicality in debates over access to mortgage credit, despite its importance as a driver of tight credit. Housing markets are prone to booms accompanied by bubbles in mortgage credit in which lenders cut underwriting standards, leading to...

Persistent link: https://www.econbiz.de/10012966572

Do financial counseling mandates improve mortgage choice and performance? Evidence from a legislative experiment

Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - 2009

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...

Persistent link: https://www.econbiz.de/10010292159

Do financial counseling mandates improve mortgage choice and performance? : evidence from a legislative experiment

Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - 2009

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...

Persistent link: https://www.econbiz.de/10003892591

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