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Do Student Loan Borrowers Opportunistically Default? Evidence from Bankruptcy Reform

Darolia, Rajeev - 2016

Bankruptcy reform in 2005 eliminated debtors' ability to discharge private student loan debt in bankruptcy. This law … bankruptcy even if they had sufficient income to service their debt. Using a unique, nationally representative sample of … anonymized credit bureau files, we examine the bankruptcy filing and delinquency rates of private student loan borrowers in …

Persistent link: https://www.econbiz.de/10013004942

Bankruptcy : Is it Enough to Forgive or Must We Also Forget?

Elul, Ronel - 2012

In many countries, lenders are restricted in their access to information about borrowers' past defaults. The authors study this provision in a model of repeated borrowing and lending with moral hazard and adverse selection. They analyze its effects on borrowers' incentives and access to credit,...

Persistent link: https://www.econbiz.de/10013114975

Economics of Bankruptcy Exemption : Signaling Value of Collateral, Cost of Credit and Access to Credit

Arca, Pasqualina - 2019

We analyze the effect of a bankruptcy law according to which some of the borrower's assets are exempt from liquidation … – according to personal bankruptcy US State laws prior to 2005 federal reform – in order to identify the signaling role played by …

Persistent link: https://www.econbiz.de/10012862259

Bankruptcy : Is it Enough to Forgive or Must We Also Forget?

Elul, Ronel - 2019

In many countries, lenders are not permitted to use information about past defaults after a specified period of time has elapsed. We model this provision and determine conditions under which it is optimal. We develop a model in which entrepreneurs must repeatedly seek external funds to finance a...

Persistent link: https://www.econbiz.de/10012706150

Strategic Default Among Private Student Loan Debtors : Evidence from Bankruptcy Reform

Darolia, Rajeev - 2017

Bankruptcy reform in 2005 restricted debtors' ability to discharge private student loan debt. The reform was motivated … by the perceived incentive of some borrowers to file bankruptcy under Chapter 7 even if they had, or expected to have … borrowers distinctly adjusted their Chapter 7 bankruptcy filing behavior in response to the reform. We do not find evidence to …

Persistent link: https://www.econbiz.de/10012944301

Impact of mortgage soft information in loan pricing on default prediction using machine learning

Luong, Thi Mai; Scheule, Harald; Wanzare, Nitya - In: International review of finance : the official journal … 23 (2023) 1, pp. 158-186

Persistent link: https://www.econbiz.de/10014251350

Mortgage lending, sample selection and default

Ross, Stephen L. - In: Real estate economics : journal of the American Real … 28 (2000) 4, pp. 581-621

Persistent link: https://www.econbiz.de/10001544376

Bankruptcy exemptions, credit history, and the mortgage market

Chomsisengphet, Souphala; Elul, Ronel - 2004

Persistent link: https://www.econbiz.de/10002197241

The Determinants of Subprime Mortgage Performance Following a Loan Modification

Schmeiser, Maximilian D. - 2015

We examine the evolution of mortgage modification terms obtained by distressed subprime borrowers during the recent …-modification mortgage outcomes. We find that principal reductions are particularly effective at improving loan outcomes, as high loan …

Persistent link: https://www.econbiz.de/10013028633

Subprime Mortgage Default in Minority Neighborhoods

Connolly, Robert A. - 2016

In this paper, we empirically examine differences in subprime borrower default decisions by Census tract characteristics in order to clarify how the subprime foreclosure crisis played out in minority areas. An innovation in our modeling approach is that we do not constrain the impact of...

Persistent link: https://www.econbiz.de/10012988155