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Deconstructing a Mortgage Meltdown : A Methodology for Decomposing Underwriting Quality

Anderson, Charles D. - 2009

standards on mortgage lending, which is reflected in rising foreclosure rates. We develop a methodology for decomposing the …

Persistent link: https://www.econbiz.de/10013159350

Debt Relief and Slow Recovery : A Decade after Lehman

Piskorski, Tomasz - 2019

frictions could have reduced the relative foreclosure rate by more than half and resulted in up to twice as fast recovery of …

Persistent link: https://www.econbiz.de/10012896580

Forced Asset Sales and the Concentration of Outstanding Debt : Evidence from the Mortgage Market

Favara, Giovanni - 2017

We provide evidence that lenders differ in their ex post incentives to internalize price-default externalities associated with the liquidation of collateralized debt. Using the mortgage market as a laboratory, we conjecture that lenders with a large share of outstanding mortgages on their...

Persistent link: https://www.econbiz.de/10012973542

Policy Intervention in Debt Renegotiation : Evidence from the Home Affordable Modification Program

Agarwal, Sumit - 2016

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

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 … 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