strategically as their home value falls below the mortgage value (exercise the put option to default on their first mortgage). While … current but stand behind a seriously delinquent first mortgage, are subject to a high risk of default. On the other hand … that the various mortgage loss mitigation programs also play a role in providing incentives for homeowners to default on …

financial crisis. The downturn in the housing and mortgage markets precipitated the first phase of the financial crisis in … financial securities. Why did these firms have such high concentrations in mortgage-related securities? Given the information … available to firms at the time, these high concentrations in mortgage-related securities violated basic principles of modern …

the practice of US mortgage banks to securitise loans given especially to subprime borrowers. In the same crisis, several … sample of 100 announcements of US mortgage banks between 2006 and 2009, this paper provides em-pirical evidence that isolated … failures of US mortgage banks caused significant contagion effects in the US financial system. Conversely, especially the …

This paper presents a framework for estimating losses in the residential real estate mortgage portfolios of German …-trigger hypothesis of mortgage defaults. In order to analyse the possible credit losses stemming from residential mortgage lending we … to 2020 for the whole German banking sector. Our results show that loss rates in the residential mortgage portfolios of …

This paper presents a framework for estimating losses in the residential real estate mortgage portfolios of German …-trigger hypothesis of mortgage defaults. In order to analyse the possible credit losses stemming from residential mortgage lending we … to 2020 for the whole German banking sector. Our results show that loss rates in the residential mortgage portfolios of …

have higher mortgage delinquency and charge-off rates and significantly higher probabilities of failure during the last … stronger capital buffers. Our results suggest that there is scope for improved measures of mortgage loan risk that could be …