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The Impact of Housing Credit on Personal Bankruptcy
Agarwal, Sumit - 2017
We use a linked housing transaction dataset and a personal bankruptcy dataset to study the impact of housing credit on personal bankruptcy in Singapore. Using a difference-in-differences (DD) approach, we find that an increase in housing credit increases the monthly instalment by 560-900...
Persistent link: https://www.econbiz.de/10012971935
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Bank stress test results and their impact on consumer credit markets
Agarwal, Sumit; An, Xudong; Cordell, Larry; Roman, Raluca A. - 2020
Persistent link: https://www.econbiz.de/10012372949
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Collateral pledge, sunk-cost fallacy and mortgage default
Agarwal, Sumit; Green, Richard K.; Rosenblatt, Eric; … - In: Journal of financial intermediation 24 (2015) 4, pp. 636-652
Persistent link: https://www.econbiz.de/10011526286
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How Does Financial Literacy Affect Mortgage Default?
Agarwal, Sumit - 2017
This paper uses a dataset from one of the leading subprime lenders in America, containing detailed information on borrower and loan characteristics, finds that borrowers from the financial industry, who have higher financial literacy, are less likely to default. This effect cannot be explained...
Persistent link: https://www.econbiz.de/10012971816
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Collateral Pledge, Sunk-Cost Fallacy and Mortgage Default
Agarwal, Sumit - 2014
an important predictor of mortgage default. Specifically, individuals that pledge higher collateral have a lower hazard …
Persistent link: https://www.econbiz.de/10013052915
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Reducing strategic default in a financial crisis
Agarwal, Sumit; Mikhed, Vyacheslav; Scholnick, Barry; … - 2021
Persistent link: https://www.econbiz.de/10012744669
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Second liens and the holdup problem in mortgage renegotiation
Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - 2014
Persistent link: https://www.econbiz.de/10010352009
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Second liens and the holdup problem in mortgage renegotiation
Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - 2014
their option value by delaying resolution or modifying the loan. In the mortgage market, a conflict of interest (“holdup … holdup servicers are able to delay action on the first-lien mortgage. When they do act, servicers are more likely to choose …
Persistent link: https://www.econbiz.de/10010353293
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Time Preferences, Mortgage Choice and Mortgage Default
Agarwal, Sumit - 2014
The recent financial crisis has led to calls for a better understanding of the reasons behind the increase in mortgage … defaults and the foreclosures that followed. Previous studies using option-based mortgage default models predicted that … borrowers should immediately exercise the default option when the market value of their mortgage exceeds the value of the …
Persistent link: https://www.econbiz.de/10013052810
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Bank Stress Test Results and Their Impact on Consumer Credit Markets
Agarwal, Sumit - 2020
Using Federal Reserve (Fed) confidential stress test data, we exploit the gap between the Fed and bank capital projections as an exogenous shock to banks and analyze how this shock is transmitted to consumer credit markets. First, we document that banks in the 90th percentile of the capital gap...
Persistent link: https://www.econbiz.de/10012827732