This paper finds that increased hydraulic fracturing, or "fracking", along the Marcellus Formation in Pennsylvania had a significant, negative effect on mortgage credit risk. Controlling for potential endogeneity bias by utilizing the underlying geologic properties of the land as instrumental...

This paper tests the effectiveness of vacant property registration ordinances (VPROs) in reducing negative externalities from foreclosures. VPROs were widely adopted by local governments across the United States during the foreclosure crisis and facilitated the monitoring and enforcement of...

This paper estimates the effect of increased shale gas drilling on mortgage defaults in Pennsylvania. Utilizing the underlying geologic properties of the land as instrumental variables and the sudden viability of shale gas mining arising from technological innovations in hydraulic fracturing in...

This paper ?nds that increased hydraulic fracturing, or \"fracking,\" along the Marcellus Formation in Pennsylvania had a signi?cant, negative effect on mortgage credit risk. Controlling for potential endogeneity bias by utilizing the underlying geologic properties of the land as instrumental...

This paper exploits a natural experiment afforded by the fracking boom in Pennsylvania to shed light on the determinants of mortgage default. Looking only at mortgages originated before fracking became viable, and using the underlying geology as a supply shifter, we find that mortgages on homes...

In this study, I apply spatial and temporal analysis in an effort to understand how mortgage borrowers respond to a wealth shock with unknown consequences and how their reactions translate into default decisions on residential mortgages. I examine whether extracting shale gas changed default...