This paper examines the impact of refinance on mortgage default, based on an empirical investigation of Home Affordable …

The US financial system is undergoing a painful restructuring as credit losses originating in the mortgage finance … for housing, low interest rates, innovations in mortgage lending and securitization, and a breakdown in credit quality …

strategically as their home value falls below the mortgage value (exercise the put option to default on their first mortgage). While … current but stand behind a seriously delinquent first mortgage, are subject to a high risk of default. On the other hand … that the various mortgage loss mitigation programs also play a role in providing incentives for homeowners to default on …

This paper examines the impact of refinancing on mortgage defaults based on an empirical investigation of the Home …

This paper examines the impact of refinancing on mortgage defaults based on an empirical investigation of the Home …

This paper examines racial and ethnic differences in high cost mortgage lending in seven diverse metropolitan areas … lenders explains almost all of the racial and ethnic differences in high cost mortgage borrowing …

Some homeowners might intentionally skip mortgage payments that they can afford to be eligible for mortgage … modification programs, such as Home Affordable Mortgage Program (HAMP). We use a natural experiment to investigate such strategic …

We examine the evolution of mortgage modification terms obtained by distressed subprime borrowers during the recent …-modification mortgage outcomes. We find that principal reductions are particularly effective at improving loan outcomes, as high loan …

, and its relationship with mortgage default. We find that lender effort to collect soft information is intertwined with …