unemployment and cyclical or short term unemployment on mortgage terminations (default and prepayment). We find that mortgage … foreclosures and unemployment. Using a sample of community reinvestment loans, we examine the impact of structural or long term … default and prepayment are more sensitive to structural unemployment than cyclical unemployment. In addition, depending on …

adverse trigger event, affects mortgage default. We find that both household unemployment and the local unemployment rate are … important predictors of mortgage default. We also find that precautionary savings and the duration of unemployment benefits can …There is limited evidence of the role of household-level adverse trigger events in driving mortgage default, and the …

proxy for individual unemployment status using regional unemployment rates, we find that individual unemployment is the … strongest predictor of default. We find that individual unemployment increases the probability of default by 5 - 13 percentage … defaulters have both negative equity and enough liquid or illiquid assets to make one month's mortgage payment. This finding …

that proxy for individual unemployment status using regional unemployment rates, we find that individual unemployment is … the strongest predictor of default. We find that individual unemployment increases the probability of default by 5 … defaulters have both negative equity and enough liquid or illiquid assets to make 1 month's mortgage payment. This suggests that …

Prior research has found that job loss, as proxied for by regional unemployment rates, is a weak predictor of mortgage … important determinants of mortgage default. Households with an unemployed head are approximately three times as likely to … financial shocks are important drivers of mortgage default, our analysis shows that the vast majority of financially distressed …

analysis of household-level employment, income, and expense shocks to mortgage default decisions than has been possible before … to default on a mortgage than have been found in previous studies that were based on crude proxies for household …

mortgage default rate to unemployment and home price index shocks changed at the national, regional and state levels after 2000 … number of mortgage loan borrowers who were more susceptible to unemployment and negative home price shocks …This paper uses a Structural Vector Autoregression (SVAR) model to study the dynamics of the impact of unemployment and …

mixed evidence of effectiveness. This paper estimates the loan outcomes of an alternative form of mortgage subsidy that … provided unemployed homeowners with temporary mortgage payment assistance, through the U.S. Department of Treasury's Hardest … in mortgage balance, which only occurs for about 10 percent of HHF borrowers. Further, the effect is larger for borrowers …

mortgage defaults is rather lower than the effect of state or county unemployment rates. This finding suggests that local …Using survey data from the Panel Study of Income Dynamics, we document descriptively that unemployment has a relatively … large effect on individual mortgage default rates: The average default rate for the employed is 2.4%; whereas for the …

Millions of Americans have negative housing equity, meaning that the outstanding balance on their mortgage exceeds …