defaulters have both negative equity and enough liquid or illiquid assets to make one month's mortgage payment. This finding …

Home appraisals are produced for millions of residential mortgage transactions each year, but appraised values are … institutional framework that governs mortgage lending lead to information loss in appraisals (that is, appraisals set equal to the … incidence of mortgage default at loan-to-value boundaries (notches) above which mortgage insurance rates increase. Appraisals …

We study the determinants of the subprime mortgage loan spread, with a particular focus on funding liquidity and …

Automated valuation models (AVMs) are increasingly being used as a substitute for home appraisals in mortgage …

Virtually no attention has been paid to the problem of cyclicality in debates over access to mortgage credit, despite … its importance as a driver of tight credit. Housing markets are prone to booms accompanied by bubbles in mortgage credit … artificially impede access to mortgage credit for underserved communities. During upswings, these cycles make homeownership …