In a recent set of influential papers, researchers have argued that residential mortgage foreclosures reduce the sale … mortgage distress on house prices. …

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 …

In a recent set of influential papers, researchers have argued that residential mortgage foreclosures reduce the sale … mortgage distress on house prices. …

means of past mortgage deliquency rates. We give a statistical evidence that the non-normal model is much more suitable than …

of the Danish mortgage finance system and compare and contrast it to the U.S. system. We also note characteristics of the … Danish model that may be of interest as the United States considers further mortgage finance reform. In particular, the … borrowers the option to repurchase their mortgage at the market price, mitigating "lock-in" effects. Danish mortgage …

% of the U.S. mortgage market. Exploiting within-servicer variation in these data, we find that bank-held loans are 26% to …

2005 and competition among mortgage lenders. The mortgage lending business, especially with the rise of the originate …-to-distribute model, had competitors with very different non-mortgage activities and regulation. I show that in local markets, when banks … increased their share of mortgages relative to lenders such as mortgage brokers, home prices started increasing at a faster pace …

. At the same time, they increase household leverage and heighten dependence on mortgage refinancing to escape changes in …

The meltdown in residential real-estate prices that commenced in 2006 resulted in unprecedented mortgage delinquency … following modifications. While modification terms are more favorable for weaker borrowers, greater reductions in mortgage … point decline in mortgage interest rate is associated with a nearly 4 percentage point decline in default probability. This …