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The effects of securitization, foreclosure, and hotel characteristics on distressed hotel prices, resolution time, and recovery rate
Singh, Amrik - In: Cornell hospitality quarterly : CQ 58 (2017) 1, pp. 39-52
Persistent link: https://www.econbiz.de/10011638542
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Using bankruptcy to reduce foreclosures : does strip-down of mortgages affect the supply of mortgage credit?
Li, Wenli; Ishani, Tewari; White, Michelle J. - 2014 - Current version: February 2014
We assess the credit market impact of allowing mortgage "strip-down" as a foreclosure-prevention measure, where strip …-down reduces the principal of underwater residential mortgages to the current market value of the property for homeowners in … effective foreclosure-prevention program, because it would have only small and transient effects on the supply of mortgage loans. …
Persistent link: https://www.econbiz.de/10010337629
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Liar's loans, mortgage fraud, and the great recession
Herndon, Thomas - In: Review of political economy 31 (2019) 4, pp. 479-508
Persistent link: https://www.econbiz.de/10012310417
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Mortgage servicing fees and servicer incentives during loss mitigation
Diop, Moussa; Zheng, Chen - In: Management science : journal of the Institute for … 69 (2023) 11, pp. 7118-7150
Persistent link: https://www.econbiz.de/10014435472
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Punishment or forgiveness? : loan modifications in private label residential mortgage-backed securities from 2008 to 2014
Herndon, Thomas - In: Review of political economy 35 (2023) 1, pp. 287-315
Persistent link: https://www.econbiz.de/10013555674
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Securitization and moral hazard: Evidence from credit score cutoff rules
Bubb, Ryan; Kaufman, Alex - In: Journal of Monetary Economics 63 (2014) C, pp. 1-18
A growing literature exploits credit score cutoff rules as a natural experiment to estimate the moral hazard effect of securitization on lender screening. However, these cutoff rules can be traced to underwriting guidelines for originators, not for securitizers. Moreover, loan-level data reveal...
Persistent link: https://www.econbiz.de/10011120392
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Securitization, Social Distance, and Financial Crises
Zalewski, David - In: Forum for Social Economics 39 (2010) 3, pp. 287-294
Persistent link: https://www.econbiz.de/10008775619
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The role of securitization in mortgage renegotiation
Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - In: Journal of Financial Economics 102 (2011) 3, pp. 559-578
We study the effects of securitization on renegotiation of distressed residential mortgages over the current financial …–36% more likely to be renegotiated than comparable securitized mortgages (4.2–5.7% in absolute terms). Also, modifications of …
Persistent link: https://www.econbiz.de/10010576085
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The role of securitization in mortgage renegotiation
Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - 2011
We study the effects of securitization on renegotiation of distressed residential mortgages over the current financial … 36% more likely to be renegotiated than comparable securitized mortgages (4.2 to 5.7% in absolute terms). Also …
Persistent link: https://www.econbiz.de/10010292147
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Securitization and moral hazard: Evidence from credit score cutoff rules
Bubb, Ryan; Kaufman, Alex - 2011
Mortgage originators use credit score cutoff rules to determine how carefully to screen loan applicants. Recent research has hypothesized that these cutoff rules result from a securitization rule of thumb. Under this theory, an observed jump in defaults at the cutoff would imply that...
Persistent link: https://www.econbiz.de/10010286944