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We investigate whether homeowners respond strategically to news of mortgage modification programs by defaulting on …-to-value ratios. These results suggest that strategic behavior of borrowers should be an important consideration in designing mortgage …
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We investigate whether homeowners respond strategically to news of mortgage modification programs. We exploit plausibly … strategic behavior should be an important consideration in designing mortgage modification programs …
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We investigate whether homeowners respond strategically to news of mortgage modification programs. We exploit plausibly … strategic behavior should be an important consideration in designing mortgage modification programs …
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This paper presents evidence that reductions in mortgage interest rates associated with prepayment penalties are … greater for riskier borrowers, as measured by mortgage type, credit scores, and local incomes and education levels. This is …
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