Refinancing a mortgage is often one of the biggest and most important financial decisions that people make. Borrowers … borrowers make smaller mistakes, refinancing at rates closer to the optimal rate and waiting less after mortgage rates reach the …

We derive the first closed-form optimal mortgage refinancing rule. The expression is derived by using the Lambert …-W function to solve a tractable class of mortgage refinancing problems. We calibrate our solution and show that our quantitative …

Using proprietary loan-level data, we examine the ability of the government to impact mortgage refinancing activity and … mortgage market …

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 …

We explore the effects of mandatory third-party review of mortgage contracts on consumer choice--including the terms … and demand for mortgage credit. Our study is based on a legislative pilot carried out by the State of Illinois in a … selected set of zip codes in 2006. Mortgage applicants with low FICO scores were required to attend loan reviews by financial …

devaluation and the economic response policies on subsequent indexation of the mortgage rates on prepayment and default patterns … borrowers who are relatively wealthy or have a US$-denominated mortgage. On the other hand, we observe a significantly higher … default rate of borrowers who are less wealthy or have Peso-denominated mortgage …