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Market-Based loss mitigation practices for troubled mortgages following the financial crisis
Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - 2010
The meltdown in residential real-estate prices that commenced in 2006 resulted in unprecedented mortgage delinquency … following modifications. While modification terms are more favorable for weaker borrowers, greater reductions in mortgage … point decline in mortgage interest rate is associated with a nearly 4 percentage point decline in default probability. This …
Persistent link: https://www.econbiz.de/10008823479
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Pensions and housing wealth : quantitative data on market conditions for equity release schemes in the EU
Hennecke, Peter; Murro, Pierluigi; Neuberger, Doris; … - 2016
This paper examines the available data on market conditions for equity release schemes (ERS) in all EU member states to cluster Member States for subsequent extrapolation of the findings from six EU Member States (DE, IT, NL, IE, HU, and the UK) to the EU as a whole. It aggregates various...
Persistent link: https://www.econbiz.de/10011497823
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The Role of Securitization in Mortgage Renegotiation
Agarwal, Sumit - 2011
60% of US mortgage market. Exploiting within-servicer variation in this data, we find that bank-held loans are 26% to 36 …
Persistent link: https://www.econbiz.de/10013131514
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Market-Based Loss Mitigation Practices for Troubled Mortgages Following the Financial Crisis
Agarwal, Sumit - 2011
The meltdown in residential real-estate prices that commenced in 2006 resulted in unprecedented mortgage delinquency … following modifications. While modification terms are more favorable for weaker borrowers, greater reductions in mortgage … point decline in mortgage interest rate is associated with a nearly 4 percentage point decline in default probability. This …
Persistent link: https://www.econbiz.de/10013132811
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Understanding the Evolution in Mortgage Pricing Strategy : Do Neighborhood Factors Matter?
Agarwal, Sumit - 2020
This paper analyzes mortgage lenders' strategy in pricing loans intended for sale to prime market. Using the Single … socio-economic factors in most of the year cohorts. Such regional disparities in mortgage rates attenuate remarkably in the … variables reported to investors in setting mortgage rates. By contrast, the regional variations in mortgage rates become …
Persistent link: https://www.econbiz.de/10012835859
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The Role of Insurance in Debt Renegotiation : Evidence from Mortgage Market
Agarwal, Sumit - 2017
. Mortgage insurance enables mortgage holders to potentially get compensation for the loss in mortgage investment resulting from … borrower's default and subsequent liquidation. If a mortgage loan becomes delinquent, the borrower may apply for mortgage … modification. According to moral hazard theory, mortgage holders are less likely to accept mortgage modification if mortgages are …
Persistent link: https://www.econbiz.de/10012973168
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Making Use of Home Equity : The Potential of Housing Wealth to Enhance Retirement Security
Bravo, Jorge Miguel - 2019
amount of home equity that is expected to be released over a 10-year period through regular monthly mortgage payments. We …
Persistent link: https://www.econbiz.de/10012861296
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Time Preferences, Mortgage Choice and Mortgage Default
Agarwal, Sumit - 2014
The recent financial crisis has led to calls for a better understanding of the reasons behind the increase in mortgage … defaults and the foreclosures that followed. Previous studies using option-based mortgage default models predicted that … borrowers should immediately exercise the default option when the market value of their mortgage exceeds the value of the …
Persistent link: https://www.econbiz.de/10013052810
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The role of securitization in mortgage renegotiation
Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - 2011
% of the U.S. mortgage market. Exploiting within-servicer variation in these data, we find that bank-held loans are 26% to …
Persistent link: https://www.econbiz.de/10008821936
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Making use of home equity : the potential of housing wealth to enhance retirement security
Bravo, Jorge Miguel Ventura; Ayuso, Mercedes; Holzmann, … - 2019
amount of home equity that is expected to be released over a 10-year period through regular monthly mortgage payments. We …
Persistent link: https://www.econbiz.de/10012120692