pronounced among lower-income and higher-minority neighborhoods, indicating that mortgage lending expanded for reasons that were … the credit supply view that the boom and bust was caused by an exogenous expansion in the supply of mortgage credit …

mortgage market. The design of the Pooling and Service Agreement leads mortgage servicers to prefer foreclosure to modification …. Using a residential mortgage dataset, including loan-level information, we find that liquidity infusions from the Troubled …

Since the beginning of summer 2008, the subprime mortgage market has become a contributing drag on the financial sector … situation in mortgage and credit markets. Losses on the subprime mortgage market arose from a two stage process. First …, financial intermediaries drove the expansion of the subprime mortgage market. Second, borrowers stopped making payments when …

This paper studies the impact of the global financial crisis (GFC) on home mortgage pricing strategies and the credit … throughout the GFC. Finally, it examines the relation of a bank's home mortgage sales to its mortgage price, pricing strategy and … the GFC, and the effect is strongly significant. Third, the effects of mortgage price and pricing strategy on mortgage …

This study uses the 2008 mortgage crisis to demonstrate how the relationship between vertical integration and … performance crucially depends on corporate governance. Prior research has argued that the vertical integration of mortgage …

We use a novel approach to calculate individual “financial literacy score” for a large set of California mortgage … borrowers and then investigate the relation between financial literacy and mortgage outcomes. We find borrowers with low … are more likely to default. Our estimates show that financial literacy is economically significant where mortgage outcomes …

to German savings banks during the US mortgage crisis that are unrelated to local conditions. We find that firms with …

devaluation and the economic response policies on subsequent indexation of the mortgage rates on prepayment and default patterns … borrowers who are relatively wealthy or have a US$-denominated mortgage. On the other hand, we observe a significantly higher … default rate of borrowers who are less wealthy or have Peso-denominated mortgage …

Prior to the subprime crisis, mortgage brokers charged higher percentage fees for loans that turned out to be riskier … residential mortgage securitizations. …

of 2005 on subprime mortgage performance. Based on a large mortgage dataset, the study quantifies that the new … legislation successfully reduces the number of subprime mortgage borrowers filing for bankruptcy. However, the new law has … significant and negative impacts on subprime mortgage performance. Specifically, it has caused an unnecessarily higher number of …