these GSEs as mortgage market conditions deteriorated in 2007 and 2008. The analysis focuses on a key element of OFHEO …

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 …

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 …

The exact cause of the massive defaults and foreclosures in the U.S. subprime mortgage market is still unclear. This … a role. We measure several aspects of financial literacy and cognitive ability in a survey of subprime mortgage … borrowers who took out mortgages in 2006 or 2007 and match these measures to objective data on mortgage characteristics and …

The exact cause of the massive defaults and foreclosures in the U.S. subprime mortgage market is still unclear. This … a role. We measure several aspects of financial literacy and cognitive ability in a survey of subprime mortgage … borrowers who took out mortgages in 2006 or 2007 and match these measures to objective data on mortgage characteristics and …

This paper documents that mortgage servicers increased modification rates by approximately 8 percent for delinquent …