We use a detailed dataset of seriously delinquent mortgages to examine the dynamic process of mortgage default …—from initial delinquency and default to final resolution of the loan and disposition of the property. We estimate a two …-stage competing risk hazard model to assess the factors associated with post-default outcomes, including whether a borrower receives a …

characteristics are important predictors of default behavior, even after controlling for an extensive set of controls for loan and … borrower characteristics. First, default rates increase with the rate of foreclosure notices and the number of lender …-owned properties (REOs) in the tract. Second, default rates on home purchase mortgages are higher in census tracts with larger shares …

Much of the literature on the economics of mortgage markets has studied the FRM-ARM choice made by individual borrowers … of optimal risk-sharing in mortgage contracts. But since only a small literature has studied this question, more research …’s (1986a) model, using it to characterize optimal contracts in the absence of mortgage termination, and then exploring how …

During the subprime mortgage crisis of 2007–2008, previously profitable loans to subprime borrowers turned sour and … involved in subprime lending, or to purchase the mortgage-backed securities that these firms created. This article outlines and …

characteristics are important predictors of default behavior, even after controlling for an extensive set of controls for loan and … borrower characteristics. First, default rates increase with the rate of foreclosure notices and the number of lender …-owned properties (REOs) in the tract. Second, default rates on home purchase mortgages are higher in census tracts with larger shares …

This entry describes the economics of foreclosure with respect to US residential mortgage markets from the perspective …