with search in the housing market and defaultable long-term mortgages. In equilibrium, both sellers' asking prices and time …-to-sell increase with the relative size of their outstanding mortgages. In turn, the liquidity of the housing market associated with …

This paper reviews the Mexican experience with the securitization of residential mortgages. It highlights the key …

This paper incorporates house price risk and mortgages into a standard incomplete market (SIM) model. The model is …

A linear fixed effects statistical model is used to study variations in foreclosure rates across metropolitan … do a remarkable job of capturing variation in foreclosure rates. We study the regional variation in foreclosure rates in …. Finally, the model is used to provide forecasts of foreclosure rates conditioned on possible paths of labor market conditions …