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Qualified Residential Mortgages and Default Risk
Floros, Ioannis V. - 2016
The Dodd-Frank Act tasks regulators with defining a Qualified Residential Mortgage (QRM) as an exemption from risk … retention for residential mortgage-backed securities. Congress instructs regulators to consider factors that result in lower … implications for current and future policy on residential mortgage securitization, risk retention, and disclosure …
Persistent link: https://www.econbiz.de/10013006055
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Macroeconomic Effects of Bankruptcy & Foreclosure Policies
Mitman, Kurt - 2015
I develop an equilibrium model of housing and default to jointly analyze the effects of bankruptcy and foreclosure policies. Heterogeneous households have access to mortgages and unsecured credit and can default separately on both types of debt. I show that the interaction between foreclosure...
Persistent link: https://www.econbiz.de/10013037938
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When does delinquency result in neglect? : mortgage distress and property maintenance
Lambie-Hanson, Lauren - 2013 - Version of: March 15, 2013
Studies of foreclosure externalities have overwhelmingly focused on the impact of forced sales on the value of nearby properties, typically finding modest evidence of foreclosure spillovers. However, many quality-of-life issues posed by foreclosures may not be reflected in nearby sale prices....
Persistent link: https://www.econbiz.de/10009722871
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Effects of Bankruptcy Asset Exemptions and Foreclosure Laws on Mortgage Default and Foreclosure Rates
Desai, Chintal A. - 2012
bankruptcy asset exemptions and mortgage foreclosure laws on mortgage defaults across different segments of the mortgage market …. Certain provisions of foreclosure laws, such as judicial foreclosure, are associated with a higher level of mortgage defaults … statistically significant non-linear relationship between bankruptcy asset exemptions and mortgage defaults …
Persistent link: https://www.econbiz.de/10013116433
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Asymmetric Information and Subprime Mortgage Default
An, Xudong - 2015
, and its relationship with mortgage default. We find that lender effort to collect soft information is intertwined with …
Persistent link: https://www.econbiz.de/10013012127
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Screening as a Unified Theory of Delinquency, Renegotiation, and Bankruptcy
Kovrijnykh, Natalia - 2015
that a mortgage modification program aimed at limiting foreclosures that fails to take into account private debt …
Persistent link: https://www.econbiz.de/10013030850
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Housing default : theory works and so does policy
Goodman, Allen C.; Smith, Brent C. - 2010
Persistent link: https://www.econbiz.de/10009157872
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Hyperbolic Discounting, Reference Dependence and Its Implications for the Housing Market
Sun, Hua - 2012
The influential work of Genesove and Mayer (2001) uses loss aversion theory to explain several puzzling behaviors in the housing market. In this study, we present an alternative theory, which does not require an asymmetric value function, to observe the same “loss aversion” behavior....
Persistent link: https://www.econbiz.de/10013101476
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Modelling the Distribution of Mortgage Debt
Levina, Iren - 2019
This paper presents an approach to modelling the flow and the stock of mortgage debt, using loan‑level data. Our …-looking view about potential risks stemming from the distribution of mortgage debt, as well as assess the impact of potential …
Persistent link: https://www.econbiz.de/10012866275
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Determinants of the Strategic Mortgage Default Cumulative Distribution Function
Seiler, Michael - 2014
This study discusses the many factors and considerations that enter into the strategic mortgage default (SMD) decision …
Persistent link: https://www.econbiz.de/10013051045