evidence that affordability (as opposed to strategic default due to negative equity) is the prime reason for redefault … point decline in mortgage interest rate is associated with a nearly 4 percentage point decline in default probability. This …

-modification default rates by 9% (3.5% in absolute terms). Our findings support the view that frictions introduced by securitization create …

from 2001 to 2008 to investigate the characteristics and default outcomes of home purchase mortgages underwritten by …

-modification default rate by 9% (3.5% in absolute terms). Our findings support the view that frictions introduced by securitization create …

evidence that affordability (as opposed to strategic default due to negative equity) is the prime reason for redefault … point decline in mortgage interest rate is associated with a nearly 4 percentage point decline in default probability. This …

bank-held loans are more efficient: conditional on a modification, bank-held loans have 9% lower post-modification default …

-modification default rates by 9% (3.5% in absolute terms). Our findings support the view that frictions introduced by securitization create …

evidence that affordability (as opposed to strategic default due to negative equity) is the prime reason for redefault … point decline in mortgage interest rate is associated with a nearly 4 percentage point decline in default probability. This …

borrower's default and subsequent liquidation. If a mortgage loan becomes delinquent, the borrower may apply for mortgage …

This paper focuses on the defaultable lease rate term structure with endogenous default. We combine the competitive … lease market argument proposed by Grenadier (1996) and the endogenous default structural model proposed by Leland and Toft …