Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - 2011
a significant challenge to effective renegotiation of residential loans. -- loan modifications ; financial crisis …We study the effects of securitization on renegotiation of distressed residential mortgages over the current financial … crisis. Unlike prior studies, we employ unique data that directly observe lender renegotiation actions and cover more than 60 …