Similar Search Results

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

Market-Based loss mitigation practices for troubled mortgages following the financial crisis

Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - 2010

show that the majority of delinquent mortgages do not enter any loss mitigation program or become a part of foreclosure …

Persistent link: https://www.econbiz.de/10010292190

Agency conflicts in residential mortgage securitization: What does the empirical literature tell us?

Frame, W. Scott - 2017

origination and distribution of observably riskier loans. Low-documentation mortgages, for which asymmetric information problems … are acute, performed especially poorly during the crisis. Securitized low-documentation mortgages performed better when …

Persistent link: https://www.econbiz.de/10011776827

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

The financial crisis at the kitchen table: Trends in household debt and credit

Brown, Meta; Haughwout, Andrew; Lee, Donghoon; van der … - 2010

The Federal Reserve Bank of New York (FRBNY) Consumer Credit Panel, created from a sample of U.S. consumer credit reports, is an ongoing panel of quarterly data on individual and household debt. The panel shows a substantial run-up in total consumer indebtedness between the first quarter of 1999...

Persistent link: https://www.econbiz.de/10010287186