This study advances the mortgage insurance pricing literature by providing theory and methods for incorporating both … loan-to-value and debt service ratios to the pricing process of Mortgage Insurance (MI). Specifically, the MI is regarded … framework, we also derive three types of MI contracts designed for different purposes: full MI can compensate mortgage lenders …

individuals may file for bankruptcy or default on their mortgage. Uncertainty in the model is driven by house price shocks …

This paper uncovers if and how insurance companies react to shocks to collateral in their portfolio of securitized … to holders of commercial mortgage-backed securities (CMBS). Using detailed micro data, we show that cash flow shocks … during the COVID-19 pandemic predict CRE mortgage delinquency, especially those stemming from lease expiration of offices …