We use a detailed dataset of seriously delinquent mortgages to examine the dynamic process of mortgage default … legal notice of foreclosure. In particular, we focus on a borrower’s ability to avoid a foreclosure auction by getting a … modification, by refinancing the loan, or by selling the property. We find that the outcomes of the foreclosure process are …

securitization on the incidence of mortgage modification and foreclosure based on the early payment default analysis performed by … rates are not the result of contract frictions inherent in the mortgage securitization process. Copyright Springer Science …

We assess the credit market impact of allowing mortgage “strip-down” as a foreclosure-prevention measure, where strip … effective foreclosure-prevention program, because it would have only small and transient effects on the supply of mortgage loans. …-term reduction in mortgage interest rates and a small, short-term increase in mortgage approval rates, but no long-term effects, and …

This paper examines mortgage outcomes for a large, representative sample of individual home purchases and refinances …

This paper examines mortgage outcomes for a large, representative sample of individual home purchases and refinances …

macroprudential standards for mortgage lending while undertaking tax reforms to gradually reduce incentives for excessive leverage …

stability. The rise in household debt and the banking system’s increased exposure to mortgage debt resulted with the changes …

This technical note presents a comparative analysis of the Danish Mortgage Market. It discusses the particularities of … the regulatory framework of the Danish mortgage system. The note compares and contrasts mortgage financing in Denmark and … evolutions, which could have potentially far-reaching consequences for the Danish mortgage system, are elaborated. The note also …