Previous research has shown that relative to White borrowers, Black and Hispanic borrowers taking out mortgages at the height of the early-2000s housing boom experienced significantly higher delinquency rates. In this paper we attempt to gain a better understanding of the mechanisms that gave...

In this paper we argue that because of non-linear depreciation schedules, appraisal complications, and homebuilders' significant bargaining power, loans collateralized by new construction are more likely to go into default relative to purchase loans for existing homes. Using loan-level mortgage...

In the first portion of this paper, we utilize millions of loan-level servicing records for mortgages originated between 2004 and 2016 to study the performance of predictive models of mortgage default. We find that the logistic regression model -- the traditional workhorse for consumer credit...