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Strategic Default Among Private Student Loan Debtors : Evidence from Bankruptcy Reform

Darolia, Rajeev - 2017

Bankruptcy reform in 2005 restricted debtors' ability to discharge private student loan debt. The reform was motivated by the perceived incentive of some borrowers to file bankruptcy under Chapter 7 even if they had, or expected to have, sufficient income to service their debt. Using a national...

Persistent link: https://www.econbiz.de/10012944301

Consumer Default, Credit Reporting and Borrowing Constraints

Garmaise, Mark J. - 2016

Why do negative credit events lead to long-term borrowing constraints? Exploiting banking regulations in Peru and utilizing currency movements, we show that consumers who face a credit rating downgrade due to bad luck experience a three-year reduction in financing. Consumers respond to the shock...

Persistent link: https://www.econbiz.de/10012978257

Do Student Loan Borrowers Opportunistically Default? Evidence from Bankruptcy Reform

Darolia, Rajeev - 2016

Bankruptcy reform in 2005 eliminated debtors' ability to discharge private student loan debt in bankruptcy. This law aimed to reduce costly defaults by diminishing the perceived incentive of some private student loan borrowers to declare bankruptcy even if they had sufficient income to service...

Persistent link: https://www.econbiz.de/10013004942

How Does Consumer Bankruptcy Protection Impact Household Outcomes?

Parra, Carlos - 2020

Chapter 7 bankruptcy, the main debt relief program for U.S. households, provides more than $150 billion in debt relief each year, yet its impact on consumers remains unclear. Using unique hand-collected data from individual bankruptcy petitions, I employ a regression discontinuity design to...

Persistent link: https://www.econbiz.de/10012855345

Assessing the Financial Vulnerability of Euro Area Households

Palligkinis, Spyros - 2018

, inflation and market prices. Importantly, new mortgage contracts are created and existing ones are gradually repaid, while other …

Persistent link: https://www.econbiz.de/10012925344

Effects of Bankruptcy Asset Exemptions and Foreclosure Laws on Mortgage Default and Foreclosure Rates

Desai, Chintal A. - 2012

bankruptcy asset exemptions and mortgage foreclosure laws on mortgage defaults across different segments of the mortgage market …. Certain provisions of foreclosure laws, such as judicial foreclosure, are associated with a higher level of mortgage defaults … statistically significant non-linear relationship between bankruptcy asset exemptions and mortgage defaults …

Persistent link: https://www.econbiz.de/10013116433

Monetary policy transmission to mortgages in a negative interest rate environment

Amzallag, Adrien; Calza, Alessandro; Georgarakos, Dimitris - 2019

behaviour of Italian mortgage lenders using a novel loan-level dataset. When policy rates turn negative, banks with higher …

Persistent link: https://www.econbiz.de/10011975610

Financial Behavior and Attitudes of Asians Compared to Other Racial/Ethnic Groups in the United States

Hanna, Sherman D. - 2015

analyzed as a separate group and should not be combined with other racial/ethnic groups for comparison purposes …

Persistent link: https://www.econbiz.de/10013024749

Does Mortgage Deregulation Increase Foreclosures? : Evidence from Cleveland

Xu, Yilan - 2014

The late-2000s financial crisis has re-ignited a debate about the impact of regulating consumer mortgage markets. This … paper examines how a court-mandated repeal of a home mortgage regulation in Cleveland a effected home foreclosures. To …

Persistent link: https://www.econbiz.de/10013065852

To Change or Not to Change : The Impact of the Law on Mortgage Origination

Sá, Ana Isabel - 2021

Differences in mortgage law have significant effects on loan characteristics at origination. Borrower-friendly laws … impose higher costs and risks for lenders and, thus, induce effects on mortgage pricing and leverage. However, not all … borrower-friendly laws have the same effects. This finding is established using loan-level data for the U.S. mortgage market …

Persistent link: https://www.econbiz.de/10013247796