associated with the liquidation of collateralized debt. Using the mortgage market as a laboratory, we conjecture that lenders …

asymptotically normal. Applying my estimator to the subprime mortgage crisis, I quantify what caused the foreclosure rate to triple … standards, with a 10% decline in home prices increasing subprime mortgage default rates by 50% …

This paper presents a framework for estimating losses in the residential real estate mortgage portfolios of German …-trigger hypothesis of mortgage defaults. In order to analyse the possible credit losses stemming from residential mortgage lending we … to 2020 for the whole German banking sector. Our results show that loss rates in the residential mortgage portfolios of …

In assessing the riskiness of a mortgage loan, one of the primary underwriting criteria used by lenders and one of the …. In this paper, we address mortgage default from a new perspective: instead of focusing on the overall property value, we … the players in the mortgage industry and for policy makers is that, in order to have the same default rate, a property …

by substituting from mortgage lending to purchasing more houses. The policy’s positive effect on house prices is more …

ZIP codes with high concentrations of originators who misreported mortgage information experienced a 75% larger …

Have post-crisis reforms purged mortgage markets of adverse selection? I show that loans synthetically sold by Fannie …

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 …

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 …