AMERICA'S MORTGAGE MARKET (Cornell University Press 2009). The book provides a good introduction to the causes of the crisis … in the mortgage market. Given, however, that the book was written before the crisis has fully taken its course, it does … fundamental questions include, what is the right level of complexity for the secondary mortgage market? What is the right level of …

Ratings, exploited their privileged regulatory status to profit from the booming subprime mortgage market at the expense of …

, tailor-made micro-level data set on bank lending volumes, bank balance sheets and mortgage loan characteristics. Controlling … riskiness of banks' mortgage portfolios. Banks having more mortgages to borrowers with impaired credit history, or more …

strategically as their home value falls below the mortgage value (exercise the put option to default on their first mortgage). While … current but stand behind a seriously delinquent first mortgage, are subject to a high risk of default. On the other hand … that the various mortgage loss mitigation programs also play a role in providing incentives for homeowners to default on …

We provide new evidence that credit supply shifts contributed to the U.S. subprime mortgage boom and bust. We collect … original data on both government and private mortgage insurance premiums from 1999-2016, and document that prior to 2008 …

unique design reflecting the subprime mortgage design. Subprime securitization tranches were often sold to CDOs, which were …

of macroprudential instruments addressing mortgage credit. The model compares the introduction of a loan-to-value ratio …

modifications specifically targeted to mortgage relief? The 2007–2012 financial crisis provides a unique opportunity to assess … whether bankruptcy can help homeowners avoid the negative consequences of over-indebtedness and mortgage default. This … empirical study analyzes a large, loan-level mortgage dataset to determine which variables are associated with delinquency and …