banks are faced with the upcoming Basel III reform. Economic trends continue to exert pressure on the traditional bank …

During the housing crisis, it came to be recognized that inflated home mortgage appraisals were widespread during the … adopt the Home Valuation Code of Conduct (HVCC). Using unique data sets that contain both approved and nonapproved mortgage … applications, this study provides an empirical examination of the impact of the HVCC on appraisal and mortgage outcomes. The …

structure strategy of REITs and assess the mortgage risk premiums for lender. The results indicate that the REITs should … should seek borrowers who can pay mortgage interest continuously. At the same time, by maximizing mortgage premiums, they can …

of the TPP for missing documentation was higher for those who were current on their mortgage payments, compared to those …

Home appraisals are produced for millions of residential mortgage transactions each year, but appraisals are rarely … below the transaction price. We exploit a unique data set to show that the mortgage application process creates an incentive …

A mortgage is an exchange of a collection of rights between a borrower and a lender. In this article, we describe those … medieval origins of the American mortgage contract and its evolution into its present form. We then turn to topics relevant for …-of-sale foreclosure; deficiency judgments and recourse; assignments; the Mortgage Electronic Registration System; and methods for avoiding …

This paper describes the Danish mortgage system by comparing it with the UK mortgage system. The Danish mortgage system … has attracted attention in the literature on the design of mortgage systems. It is a type of narrow banking model where … mortgage loans are financed by specialised institutions that issue bonds with cash flows that match that of the mortgage loans …

few, if any, offsetting benefits. We also provide early analysis of the new mortgage servicing rules enacted by the …