defaulters have both negative equity and enough liquid or illiquid assets to make one month's mortgage payment. This finding …

Home appraisals are produced for millions of residential mortgage transactions each year, but appraised values are … institutional framework that governs mortgage lending lead to information loss in appraisals (that is, appraisals set equal to the … incidence of mortgage default at loan-to-value boundaries (notches) above which mortgage insurance rates increase. Appraisals …

defaulters have both negative equity and enough liquid or illiquid assets to make one month's mortgage payment. This finding …

The most frequent mortgage loans in the US behave according to nominal interest rates with level loan payments (NRMs … increase of real payments in the early years of the mortgage due to higher inflation (Lessard and Modigliani, 1975), causes …

This paper assesses the relative importance of two key drivers of mortgage default: negative equity and illiquidity. To … do so, the authors combine loan-level mortgage data with detailed credit bureau information about the borrower's broader … authors find that both negative equity and illiquidity are significantly associated with mortgage default, with comparably …

This paper presents evidence that reductions in mortgage interest rates associated with prepayment penalties are … greater for riskier borrowers, as measured by mortgage type, credit scores, and local incomes and education levels. This is …

information failure caused by the complexity and heterogeneity of private-label mortgage-backed securities and structured finance … products. Addressing the informational problems with mortgage securitization is critical not just for avoiding future housing … bubbles but for rebuilding American housing finance. The continued availability of the long-term fixed-rate mortgage, which …

mortgage interest rate is consistently lower than the 30-year mortgage interest rate. The relative popularity of longer term 30 …-year mortgages can be attributed both to the tax deduction for mortgage interest and the inability of many individuals to … on mortgage interest rates and capital gains. Calculations presented in this paper examine the wealth accumulation of …

both primary and secondary mortgage market problems in the U.S. are accepted as the essential reasons of the current crisis … importance of real estate valuation in the origination of crisis and whether Turkish mortgage market has similar problems with …