In this article we analyze new loan-level data recently released by Freddie Mac on more than 17 million single-family mortgages to reveal a range of new and useful insights into the ultimate financial losses associated with a loan after it experiences a credit event. We conclude that mortgage...

While Veterans Administration (VA) mortgages and Federal Housing Administration (FHA) mortgages are often lumped together as “government mortgages”, the programs have significant differences, as do the borrowers who use them. In addition, delinquency rates on VA loans have consistently been...