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 …

mortgage crisis, many servicers had limited experience selecting the best borrowers for modification. As modification activity … modification terms. Our empirical findings suggest that mortgage modification effectiveness could be enhanced through the industryâ …

modifications specifically targeted to mortgage relief? The 2007–2012 financial crisis provides a unique opportunity to assess … whether bankruptcy can help homeowners avoid the negative consequences of over-indebtedness and mortgage default. This … empirical study analyzes a large, loan-level mortgage dataset to determine which variables are associated with delinquency and …

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 …

Mortgage-backed security prices have depended on interest rates, while idiosyncrasies of prepayments had obscured the …

We analyze link between mortgage-related regulatory penalties levied on banks and the level of systemic risk in the U …