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

From 2007 to 2009 U.S. house prices plunged and mortgage defaults surged. While ostensibly consistent with widespread … “ruthless default,” analysis of detailed mortgage and house price data indicates that borrowers do not walk away until they are …

We study the impact of changes in recourse legislation on mortgage defaults. Romania provides us with an ideal … experimental setting to identify this impact. Using a large dataset of mortgage loans granted between 2003 and 2016, we exploit an …

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

-friendly procedure, such as a deed in lieu. We find no evidence that mortgage interest rates are lower in recourse states …

and 2007 nonprime vintages becomes more understandable. -- Housing ; mortgage default ; subprime mortgages …

This paper reviews recent research on mortgage default, focusing on the relationship of this research to the recent … explicitly addressing reverse causality between rising foreclosures and falling house prices. Mortgage defaults were also a key … researchers to explore the central unsolved question in this area: why mortgage default is so rare, even for households with high …

This paper explores the link between mortgage origination fees and housing prices. It is argued that sharp decline in … mortgage origination fees in US since the late 1980s was caused by mortgage market deregulation and mortgage innovation. Based … on this reasoning the sources of exogenous variation in mortgage fees are identified, and the effect of mortgage fees on …

We simulate changes to metropolitan area home prices from reforming the Mortgage Interest Deduction (MID). Price …