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Modeling a distribution of mortgage credit losses

Gapko, Petr; Šmíd, Martin - 2010

means of past mortgage deliquency rates. We give a statistical evidence that the non-normal model is much more suitable than …

Persistent link: https://www.econbiz.de/10010322287

Foreclosure externalities: Some new evidence

Gerardi, Kristopher S.; Rosenblatt, Eric; Willen, Paul S.; … - 2012

In a recent set of influential papers, researchers have argued that residential mortgage foreclosures reduce the sale … mortgage distress on house prices. …

Persistent link: https://www.econbiz.de/10010377447

Foreclosure externalities: Some new evidence

Gerardi, Kristopher; Rosenblatt, Eric; Willen, Paul S.; … - 2012

In a recent set of influential papers, researchers have argued that residential mortgage foreclosures reduce the sale … mortgage distress on house prices. …

Persistent link: https://www.econbiz.de/10010292258

Reducing foreclosures: No easy answers

Foote, Christopher L.; Gerardi, Kristopher; Goette, Lorenz - 2009

done to stop it. We use an economic model to focus on two key decisions: the borrower's choice to default on a mortgage and … illustrate that unaffordable loans, defined as those with high mortgage payments relative to income at origination, are unlikely …

Persistent link: https://www.econbiz.de/10010292331

Negative equity and foreclosure: Theory and evidence

Foote, Christopher L.; Gerardi, Kristopher; Willen, Paul S. - 2008

Millions of Americans have negative housing equity, meaning that the outstanding balance on their mortgage exceeds …

Persistent link: https://www.econbiz.de/10010282789

Racial disparities in mortgage lending: New evidence based on processing time

Wei, Bin; Zhao, Feng - 2022

This paper examines racial disparities in mortgage processing time prior to the global financial crisis. We find that … segments of mortgage markets, faster lenders within each segment, and the types of loan products that are processed faster, all …

Persistent link: https://www.econbiz.de/10014278262

Can everyone tap into the housing piggy bank? Racial disparities in access to home equity

Conklin, James N.; Gerardi, Kristopher; Lambie-Hanson, … - 2022

mortgage equity withdrawal (MEW) loan products were denied. Black and Hispanic homeowners' applications were denied at even … with purchase and rate/term refinance mortgage applications. Controlling for loan and borrower characteristics commonly …

Persistent link: https://www.econbiz.de/10014388413

Limited liability, strategic default and bargaining power

Mozzanica, Mirco Balatti; López-Quiles, Carolina - 2021

In this paper we examine the effects of limited liability on mortgage dynamics. While the literature has focused on …

Persistent link: https://www.econbiz.de/10012515440

Driving Factors of the Subprime Crisis and Some Reform Proposals

Rudolph, Bernd; Scholz, Julia - In: CESifo DICE Report 06 (2008) 3, pp. 14-19

Persistent link: https://www.econbiz.de/10011696646

Bank branch access: Evidence from geolocation data

Sakong, Jung; Zentefis, Alexander K. - 2023

Low-income and Black households are less likely to visit bank branches than high-income and White households, despite the former two groups appearing to rely more on branches as means of bank participation. We assess whether unequal branch access can explain that disparity. We propose a measure...

Persistent link: https://www.econbiz.de/10014480378