This paper examines the degree of integration between rural and metropolitan mortgage markets and addresses three fundamental questions regarding the rural mortgage market. First, does a jumbo/conforming loan rate differential exist in the rural mortgage market, and if so, to what extent do...

This paper uses house-price transaction data to estimate volatility in house prices. The volatility parameter is an input into a mortgage-pricing model that is used to simulate the contract interest rate that balances the mortgage contract. By segmenting the house-price transactions into high-...

Loss mitigation is the process by which lenders attempt to minimize losses associated with foreclosure. As competition increases in the mortgage industry, lenders and servicers are under great pressure to adopt loss mitigation tactics rather than simply use foreclosure as the means of dealing...