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

Due to the significant share of mortgage loans in the portfolio structure of a large number of commercial banks … that deals with the causes of non-performance of mortgage loans and the impact of lending standards on reducing systemic …

in subprime private-label mortgage-backed securities (PLS), influenced the risk characteristics and prices of the deals … and Freddie Mac purchased securities included separate mortgage pools: one specifically created for the GSEs and one or … and Freddie Mac had similar ex-ante risk characteristics but performed much better ex-post relative to other mortgage …

There are two purposes of this article. Firstly, it examines the consequences for stakeholders, if the mortgage …

We expand on the standard commercial mortgage default model and create a new model by looking beyond the usual factors …

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 …

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 …

The sharp fall of property prices after the Asian financial crisis has led many residential mortgage holders in Hong … probability of default on mortgage loans, which is an important issue in view of the fact that residential mortgage lending …) as a major determinant for mortgage default decisions. It also finds that the default probability is positively …

We assess the credit market impact of mortgage “strip-down” — reducing the principal of underwater residential … mortgages in bankruptcy was proposed as a means of reducing foreclosures during the recent mortgage crisis but was blocked by … new mortgage applicants. Our identification is provided by a series of U.S. Court of Appeals decisions during the late …