a mortgage cohort remembers the level of the previous mortgage rate troughs experienced by the cohort. This is a general … prepayment of a cohort is a dynamic self-selection process that evolves by itself according to the encountered mortgage rate …

estimates of their creditworthiness. This contrasts sharply with mortgage markets where lenders specialize in specific risk … categories of borrowers and mortgage supply is stepwise linear. The contrast between continuous lending for personal loans and … discrete lending by specialized lenders for mortgage credit has led to concerns regarding the efficiency and equity of mortgage …

This paper examines mortgage outcomes for a large, representative sample of individual home purchases and refinances …

few, if any, offsetting benefits. We also provide early analysis of the new mortgage servicing rules enacted by the …

wealth relative to total wealth decreases. Finally, homeowners who have difficulties with mortgage payments report …

Pricing of cap insurance contracts is considered for political mortgage rates. A simple stochastic process for mortgage … be obtained to assess the risk of a contract. The method is illustrated by applying it to observed quarterly mortgage …