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 …

discharged relatively fast. In line with their different insolvency procedures, the two countries also represent two different … Germany, i.e. after an external shock it takes longer for insolvencies to return to their previous level in the UK. In both …