Schmeiser, Maximilian D.; Gross, Matthew B. - Federal Reserve Board (Board of Governors of the … - 2015
We examine the evolution of mortgage modification terms obtained by distressed subprime borrowers during the recent … LoanPerformance dataset that contains detailed loan level information on mortgages, modification terms, second liens, and home values …, we estimate a discrete time proportional hazard model with competing risks to examine the determinants of post-modification …