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Unemployment, negative equity, and strategic default
Gerardi, Kristopher; Herkenhoff, Kyle F.; Ohanian, Lee E.; … - 2013
defaulters have both negative equity and enough liquid or illiquid assets to make one month's mortgage payment. This finding …
Persistent link: https://www.econbiz.de/10009778409
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Can everyone tap into the housing piggy bank? : racial disparities in access to home equity
Conklin, James N.; Gerardi, Kristopher; Lambie-Hanson, … - 2023
Persistent link: https://www.econbiz.de/10014445266
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Mortgage prepayment, race, and monetary policy
Gerardi, Kristopher; Willen, Paul; Zhang, David Hao - 2021
mortgage contract designs that more directly pass through interest rate declines to borrowers can reduce racial mortgage …
Persistent link: https://www.econbiz.de/10012392369
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Can everyone tap into the housing piggy bank? : racial disparities in access to home equity
Conklin, James N.; Gerardi, Kristopher; Lambie-Hanson, … - 2022
mortgage equity withdrawal (MEW) loan products were denied. Black and Hispanic homeowners' applications were denied at even … with purchase and rate/term refinance mortgage applications. Controlling for loan and borrower characteristics commonly …
Persistent link: https://www.econbiz.de/10013455833
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Government litigation risk and the decline in low-income mortgage lending
Frame, W. Scott; Gerardi, Kristopher; Mayer, Erik J.; … - 2024
Federal Housing Administration (FHA) mortgage insurance program. The suits led to more than $5 billion in settlements and … exit has significantly reduced low-income households' overall access to mortgage credit. …
Persistent link: https://www.econbiz.de/10014582832
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Foreclosure externalities: Some new evidence
Gerardi, Kristopher; Rosenblatt, Eric; Willen, Paul S.; … - 2012
In a recent set of influential papers, researchers have argued that residential mortgage foreclosures reduce the sale … mortgage distress on house prices. …
Persistent link: https://www.econbiz.de/10010292258
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Reducing foreclosures: No easy answers
Foote, Christopher L.; Gerardi, Kristopher; Goette, Lorenz - 2009
done to stop it. We use an economic model to focus on two key decisions: the borrower's choice to default on a mortgage and … illustrate that unaffordable loans, defined as those with high mortgage payments relative to income at origination, are unlikely …
Persistent link: https://www.econbiz.de/10010292331
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Can't pay or won't pay? : unemployment, negative equity, and strategic default
Gerardi, Kristopher; Herkenhoff, Kyle F.; Ohanian, Lee E.; … - 2015
Persistent link: https://www.econbiz.de/10011415983
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Are lemons sold first? Dynamic signaling in the mortgage market
Adelino, Manuel; Gerardi, Kristopher; Hartman-Glaser, Barney - In: Journal of financial economics 132 (2019) 1, pp. 1-25
Persistent link: https://www.econbiz.de/10012134768
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Foreclosure externalities and vacant property registration ordinances
Biswas, Arnab; Cunningham, Christopher R.; Gerardi, … - 2019
This paper tests the effectiveness of vacant property registration ordinances (VPROs) in reducing negative externalities from foreclosures. VPROs were widely adopted by local governments across the United States during the foreclosure crisis and facilitated the monitoring and enforcement of...
Persistent link: https://www.econbiz.de/10012122985