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

, committed to pay the mortgage holders the full values of their homes, and retained those homes. In Nobelman, the Court … of their houses, lease the houses for one year, file bankruptcy, and propose mortgage modification plans that pay … mortgage holders the full current values of the houses. This Article argues that despite the artificiality of a move-out with …

This article discusses the often overlooked ramifications of strategic mortgage default and the widespread implications …

This study discusses the many factors and considerations that enter into the strategic mortgage default (SMD) decision …

We develop and test a model of mortgage underwriting, with particular reference to the role of credit bureau scores. In … conflicting results - seeking to explain how exemptions affect the mortgage market. By contrast, our model implies that when … lenders use credit scores in a standardized manner, exemptions should be irrelevant to the mortgage underwriting decision …

We assess the credit market impact of allowing mortgage "strip-down" as a foreclosure-prevention measure, where strip …-term reduction in mortgage interest rates and a small, short-term increase in mortgage approval rates, but no long-term effects, and … the circuit court decisions did not consistently affect mortgage terms. These results suggest that strip-down would be an …

Much of the literature on the economics of mortgage markets has studied the FRM-ARM choice made by individual borrowers … of optimal risk-sharing in mortgage contracts. But since only a small literature has studied this question, more research …'s (1986a) model, using it to characterize optimal contracts in the absence of mortgage termination, and then exploring how …