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The failure of supervisory stress testing : Fannie Mae, Freddie Mac, and OFHEO
Frame, W. Scott; Gerardi, Kristopher; Willen, Paul - 2015 - This version: March 2015
these GSEs as mortgage market conditions deteriorated in 2007 and 2008. The analysis focuses on a key element of OFHEO …
Persistent link: https://www.econbiz.de/10010510096
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Why don't Lenders renegotiate more home mortgages? : redefaults, self-cures and securitization
Adelino, Manuel; Gerardi, Kristopher; Willen, Paul - In: Journal of monetary economics 60 (2013) 7, pp. 835-853
Persistent link: https://www.econbiz.de/10010253060
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The failure of supervisory stress testing : Fannie Mae, Freddie Mac, and OFHEO
Frame, W. Scott; Gerardi, Kristopher; Willen, Paul - 2015
for Fannie Mae and Freddie Mac. We study a key component of OFHEOs model - 30-year fixed-rate mortgage performance - and … in a significant underprediction of mortgage credit losses and associated capital needs at Fannie Mae and Freddie Mac …
Persistent link: https://www.econbiz.de/10010499577
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Why Don't Lenders Renegotiate More Home Mortgages? Redefaults, Self-Cures and Securitization
Adelino, Manuel - 2015
We document the fact that servicers have been reluctant to renegotiate mortgages since the foreclosure crisis started in 2007, having performed payment reducing modifications on only about 3 percent of seriously delinquent loans. We show that this reluctance does not result from securization:...
Persistent link: https://www.econbiz.de/10013039412
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Why Don't Lenders Renegotiate More Home Mortgages? Redefaults, Self-Cures, and Securitization
Adelino, Manuel - 2015
A leading explanation for the lack of widespread mortgage renegotiation during the financial crisis is the existence of … frictions in the mortgage securitization process. This paper finds little evidence that the securitization process impeded the … representative dataset on seriously delinquent mortgage borrowers from the first quarter of 2005 through the third quarter of 2008 …
Persistent link: https://www.econbiz.de/10013039421
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Why Don't Lenders Renegotiate More Home Mortgages? Redefaults, Self-Cures and Securitization
Adelino, Manuel - 2009
We document the fact that servicers have been reluctant to renegotiate mortgages since the foreclosure crisis started in 2007, having performed payment reducing modifications on only about 3 percent of seriously delinquent loans. We show that this reluctance does not result from securization:...
Persistent link: https://www.econbiz.de/10012463490
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The effect of large investors on asset quality : evidence from subprime mortgage securities
Adelino, Manuel; Frame, W. Scott; Gerardi, Kristopher - In: Journal of monetary economics 87 (2017), pp. 34-51
Persistent link: https://www.econbiz.de/10011799137
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Why don't lenders renegotiate more home mortgages? : Redefaults, self-cures, and securitization
Adelino, Manuel; Gerardi, Kristopher; Willen, Paul - 2009
We document the fact that servicers have been reluctant to renegotiate mortgages since the foreclosure crisis started in 2007, having performed payment-reducing modifications on only about 3 percent of seriously delinquent loans. We show that this reluctance does not result from securitization:...
Persistent link: https://www.econbiz.de/10003860024
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Why don't lenders renegotiate more home mortgages? : redefaults, self-cures and securitization
Adelino, Manuel; Gerardi, Kristopher; Willen, Paul - 2009
Persistent link: https://www.econbiz.de/10003862245
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Why don’t lenders renegotiate more home mortgages? : the effect of securitization
Adelino, Manuel; Gerardi, Kristopher; Willen, Paul - 2010
Persistent link: https://www.econbiz.de/10003875262