This paper is designed to illustrate the limitations and potential bias in securitized residential mortgage data and examine the importance of such data issues for typical studies of RMBS market and the financial crisis. We use trustee data on mortgage characteristics provided by BlackBox Logic...

Poor-quality mortgage appraisals are thought to have played a role in real estate market downturns from the 1980s to the 2000s. Prior research measuring appraisal quality based upon ex post audits of individual appraisals, however, have been limited to small samples of limited power and...

This paper analyzes price discovery among residential mortgage-backed securities (MBS), their credit default swaps (ABCDS), and the associated ABX contracts. VECM regressions show that the MBS and ABX markets lead price discovery over the ABCDS market. Neither the MBS nor the ABX market...

On March 4, 2011, the New York Times described a settlement ("settlement") proposed by a consortium of state attorneys general (AGs) to large mortgage servicers. The claims to be settled reportedly relate to failures to follow existing procedural rules relating to the foreclosure process. The...