Mortgage default has been characterized as ruthless or predominantly driven by the relation of house price to mortgage … researchers who argue that transaction costs and other idiosyncratic factors determine when mortgage holders default (Foster et al … significant number of mortgage defaults are non-ruthless. It uses a new approach to track mortgages that are likely to default by …

A leading explanation for the lack of widespread mortgage renegotiation during the financial crisis is the existence of … frictions in the mortgage securitization process. This paper finds little evidence that the securitization process impeded the … representative dataset on seriously delinquent mortgage borrowers from the first quarter of 2005 through the third quarter of 2008 …