Using a unique dataset that merges bankruptcy and motor events with personal data in Singapore, this study finds significant evidence of gender gap in personal bankruptcy risk. We show that the women' odds in bankruptcy events is 28% of the men's odds controlling for demographic, housing types...

Using non-agency securitization data consisting of mortgages originated between 1991 and 2007, we find that fraction of defaulted mortgages increases from 10.8% in the pre-crisis period (July 2007) to 19.6% in the post crisis period (July 2009). This paper then applies a split population hazard...

Mortgage underwriting process that sorts heterogeneous borrowers into different risk groups according to observable characteristics of borrowers does not reveal sufficient information to segregate pooling risks in mortgages. Do borrowers always choose rationally mortgage contracts that minimize...

This paper proposes an intensity-based pricing model with default dependence structure for CMBS bonds. Three features are incorporated into the proposed model. First, default is a Poisson jump process defined as a function of mortgage rating information in the model. Second, underlying property...

Using non-agency securitization data consisting of mortgages originated between 1991 and 2007, we find that fraction of defaulted mortgages increases from 10.8% in the pre-crisis period (July 2007) to 19.6% in the post crisis period (July 2009). This paper then applies a split population hazard...

Singapore has one of the strictest debt relief systems worldwide. We merge a large dataset on the residences of adult Singaporean citizens with a bankruptcy dataset to investigate the effect of parental bankruptcy on children’s financial behavior in adulthood. Children whose parents declared...