This paper presents a framework for estimating losses in the residential real estate mortgage portfolios of German … a structural PVAR approach. We confirm empirically that foreclosure rates are rising with the unemployment rate and are …-trigger hypothesis of mortgage defaults. In order to analyse the possible credit losses stemming from residential mortgage lending we …

to take a forward-looking approach to recognizing life-of-loan losses upon loan origination. Using bank mortgage approval … decrease in the sensitivity of mortgage approval rates to house price growth after adoption. The effect is stronger when …

An estimated 12.6% of primary mortgage loans were simultaneously originated with a second loan from 2004 until 2008 … will not pursue foreclosure if borrowers have insufficient equity. Lenders of defaulted subordinate debt may revisit their …