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We evaluate the effects of the 2009 Home Affordable Modification Program (HAMP) that provided intermediaries with sizeable financial incentives to renegotiate mortgages. HAMP increased intensity of renegotiations and prevented substantial number of foreclosures but reached just one-third of its...
Persistent link: https://www.econbiz.de/10013006903
This paper focuses on the potential externalities associated with subprime mortgage origination activity. Specifically …, we examine whether negative spillover effects from subprime mortgage originations result in higher default rates in the … neighborhood does not lead to greater default risks for surrounding borrowers. However, we do find that more aggressive mortgage …
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true-life thriller about the all-out fight for dominance of the mortgage industry--and how it nearly destroyed the global …: the battle between giant financial companies to dominate the $11 trillion mortgage market that almost destroyed the global … provocative true-life thriller about the all-out fight for dominance of the mortgage industry--and how it nearly destroyed the …
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between the first quarter of 1998 to the first quarter of 2006 at seven large subprime mortgage lenders. The results provide … annual percentage rates for the broker-originated loans with the predicted rates. For five of six mortgage products, half or … mortgage originations, had annual percentage rates that were greater than the rates predicted by the broker model. Large …
Persistent link: https://www.econbiz.de/10013135590
We evaluate the effects of the 2009 Home Affordable Modification Program (HAMP) that provided intermediaries with sizeable financial incentives to renegotiate mortgages. HAMP increased intensity of renegotiations and prevented substantial number of foreclosures but reached just one-third of its...
Persistent link: https://www.econbiz.de/10013101335