Home appraisals are produced for millions of residential mortgage transactions each year, but appraised values are … institutional framework that governs mortgage lending lead to information loss in appraisals (that is, appraisals set equal to the … incidence of mortgage default at loan-to-value boundaries (notches) above which mortgage insurance rates increase. Appraisals …

mortgage crisis, which, in contrast to the preceding housing boom, was not accompanied by a rise in homeownership rates. Using …

This paper argues that the U.S. bankruptcy reform of 2005 played an important role in the mortgage crisis and the … unintended consequence of the reform was to cause mortgage default rates to rise. Using a large dataset of individual mortgages …, they estimate a hazard model to test whether the 2005 bankruptcy reform caused mortgage default rates to rise. Their major …

The Great Recession led to widespread mortgage defaults, with borrowers resorting to both foreclosures and short sales …

Mortgage loss-given-default (LGD) increased significantly when house prices plummeted and delinquencies rose during the …

We study the evolution of US mortgage credit supply during the COVID-19 pandemic. Although the mortgage market … guarantees and loans to the riskiest borrowers. Mortgage backed securities purchases by the Federal Reserve also supported the …

During the housing crisis, it came to be recognized that inflated home mortgage appraisals were widespread during the … adopt the Home Valuation Code of Conduct (HVCC). Using unique data sets that contain both approved and nonapproved mortgage … applications, this study provides an empirical examination of the impact of the HVCC on appraisal and mortgage outcomes. The …

foreclosures. Foreclosure timelines — the length of time between initial mortgage delinquency and completion of foreclosure — also … serious financial stress. However, extended foreclosure timelines enable mortgage defaulters to live in their homes without …