The Dodd-Frank Act tasks regulators with defining a Qualified Residential Mortgage (QRM) as an exemption from risk … retention for residential mortgage-backed securities. Congress instructs regulators to consider factors that result in lower … implications for current and future policy on residential mortgage securitization, risk retention, and disclosure …

The sharp fall of property prices after the Asian financial crisis has led many residential mortgage holders in Hong … probability of default on mortgage loans, which is an important issue in view of the fact that residential mortgage lending …) as a major determinant for mortgage default decisions. It also finds that the default probability is positively …

volatility. We examine whether this relationship holds for house price growth volatility, which also declined during the Great … demonstrate that the following are positively associated with house price growth volatility: 1) the employment, income, and output … shares of a volatile sector (manufacturing); 2) employment growth volatility; and 3) exposure to idiosyncratic shocks to rms …

Home appraisals are produced for millions of residential mortgage transactions each year, but appraised values are … institutional framework that governs mortgage lending lead to information loss in appraisals (that is, appraisals set equal to the … incidence of mortgage default at loan-to-value boundaries (notches) above which mortgage insurance rates increase. Appraisals …

mortgage valuation and bank stress-testing. The model is set up in a classical state-space framework and includes common …

contemporary discussions of the mortgage market to see what market participants thought would happen, the authors find that …

time-to-sell determines the mortgage standards of competitive lenders, measured by the maximum loan-to-value (LTV) ratio …