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Policy intervention in debt renegotiation: Evidence from the Home Affordable Modification Program
Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - 2013
evaluating the effects of the 2009 Home Affordable Modification Program (HAMP) that provided intermediaries (servicers) with … more exposed to the program. Regions where HAMP was used intensively saw a lower rate of house price decline as well as an …
Persistent link: https://www.econbiz.de/10010352185
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Policy intervention in debt renegotiation : evidence from the Home Affordable Modification Program
Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - 2013
evaluating the effects of the 2009 Home Affordable Modification Program (HAMP) that provided intermediaries (servicers) with … more exposed to the program. Regions where HAMP was used intensively saw a lower rate of house price decline as well as an …
Persistent link: https://www.econbiz.de/10010212760
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The Determinants of Subprime Mortgage Performance Following a Loan Modification
Schmeiser, Maximilian D.; Gross, Matthew B. - Federal Reserve Board (Board of Governors of the … - 2015
We examine the evolution of mortgage modification terms obtained by distressed subprime borrowers during the recent housing crisis, and the effect of the various types of modifications on the subsequent loan performance. Using the CoreLogic LoanPerformance dataset that contains detailed loan...
Persistent link: https://www.econbiz.de/10011273693
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Policy Intervention in Debt Renegotiation: Evidence from the Home Affordable Modification Program
Agarwal, Sumit; Amromin, Eugene; Ben-David, Itzhak; … - Federal Reserve Bank of Chicago - 2013
evaluating the effects of the 2009 Home Affordable Modification Program (HAMP) that provided intermediaries (servicers) with … more exposed to the program. Regions where HAMP was used intensively saw a lower rate of house price decline as well as an …
Persistent link: https://www.econbiz.de/10011027197
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Why homeowners’ documentation went missing under the Home Affordable Mortgage Program (HAMP)?: An analysis of strategic behavior of homeowners and servicers
Karikari, John A. - In: Journal of Housing Economics 22 (2013) 2, pp. 146-162
This study investigated why documentation of certain homeowners who participated in the trial period plan (TPP) of HAMP … imminent default. This finding, which is consistent with servicers “steering” homeowners with low credit risk away from HAMP to …
Persistent link: https://www.econbiz.de/10011065371
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Foreclosure Rescue Fraud and Net Benefit Analysis : Making the Case for an Equitable Mortgage
Barnett, Harold C. - 2011
Equity stripping fraud often masquerades as a sale-leaseback contract. Homeowners anticipating a refinance to settle a foreclosure are victimized through a transfer of ownership and theft of equity. The doctrine of equitable mortgage is a legal theory used to challenge these fraudulent...
Persistent link: https://www.econbiz.de/10013121650
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The HAMP NPV Model : Development and Early Performance
Holden, Steve - 2011
component of the Obama Administration's Home Affordable Modification Program (HAMP) was the development of a standardized Net …. This paper discusses the development of the HAMP NPV model, its purpose, and some important constraints that dictated its … relationship between HAMP modification performance and key borrower and modification characteristics. The paper concludes with a …
Persistent link: https://www.econbiz.de/10013122670
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Real Estate Agents as Agents of Social Change : Redlining, Reverse Redlining, and Greenlining
Szto, Mary - 2014
This article examines the role of US real estate agents in redlining, reverse redlining, and greenlining practices. Redlining was the practice of the Federal government, private banks, and other institutions to deny credit to neighborhoods based on race. Reverse redlining is marketing inferior...
Persistent link: https://www.econbiz.de/10013047649
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Recourse and Non-Recourse Mortgages : Foreclosure, Bankruptcy, Policy
Harris, Ron - 2010
The recourse-non-recourse dimension is fundamental in any loan as it deals most directly with the pool of assets out of which lender can collect at delinquency and default. This paper calls attention to an exceptional feature of the American home mortgage market, compared to mortgage markets...
Persistent link: https://www.econbiz.de/10013144700
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Does Appraiser and Borrower Race Affect Valuation?
Ambrose, Brent W.; Conklin, James; Coulson, N. Edward; … - 2021
Following concerns about undervaluation of minority-owned homes, we examine the incidence of racial appraisal bias using a nationwide sample of refinanced mortgages from 2000 to 2007. A unique feature of our data is that they allow us to observe the race of the both the homeowner and the...
Persistent link: https://www.econbiz.de/10013322743