Since the start of the financial crisis, we have seen an extraordinary lengthening of foreclosure timelines, particularly in states that require judicial review to complete a foreclosure but also recently in nonjudicial states. Our analysis synthesizes findings from several lines of research,...

Home appraisals are produced for millions of residential mortgage transactions each year, but appraisals are rarely below the transaction price. We exploit a unique data set to show that the mortgage application process creates an incentive to substitute the transaction price for the true...

The incidence of taking a mortgage loan from a commercial bank or cooperative for home purchase is sharply lower in developing than industrialized countries. Indeed, the common approach for achieving good quality housing is for a family to construct and improve a dwelling over a number of years....

In January-August 2012, mortgage housing loans for Rb 611,561bn were extended which figure is 54% higher than the volume of lending in the respective period of 2011. As of September 1, 2012, the outstanding debt on MHL in the amount of Rb 1,765 trillion exceeded by 34.52% that as of September 1,...

Within three quarters of 2012, the volume of mortgage housing loans (MHL) (Rb 698.59bn) exceeded by 50% that extended in the respective period of 2011. With growth in lending volumes, a decrease in the overdue debt on MHL in rubles both in monetary terms and as a percentage of the outstanding...

Though the lending rate on mortgage housing loans (MHL) in rubles increased from 11.4% as of December 1, 2011 to 12.7% as of January 1, 2013 the volume of mortgage housing lending in 2012 increased 32% and 44% as regards the number of loans (690,661 loans) and in money terms (Rb 1,029 trillion),...

In 12 months of 2012, the volume of mortgage housing loans (MHL) exceeded by 47.3% that in the same period of 2011 and amounted to Rb 904.6bn, despite the continued growth in the weighted average rate on MHL in rubles extended within a month. In November 2012, the weighted average rate amounted...

The volume of housing mortgage loans (HML) (Rb 985.29 bn) originated during January-November 2015 fell against the volume of HML originated over the same period of 2014 by 32.66% in quantitative terms and by 35.92% in monetary terms. The share of past-due debt in residual debt on HML for...

Over 10 months of 2015, entities of all patterns of ownership have built 792,000 flats with total floor space of 58.9 million sq. m., which climbed to 104.2% of floor area commissioned as of 1 November 2014. For the category “all flats” the rate of accessibility decreased in 2015 on the...

Households are forward-looking when deciding whether to default on or refinance their mortgages. There are two types of default generated by two mechanisms: illiquidity-triggered default and strategic default. However, researchers can observe only whether households default but not whether the...