current, delinquency, default, prepayment, repurchase, short sale and foreclosure on mortgage loans. The approach allows for … decision-making on granting loans and the design of debt relief and mortgage modification policies. …

Much of the literature on the economics of mortgage markets has studied the FRM-ARM choice made by individual borrowers … of optimal risk-sharing in mortgage contracts. But since only a small literature has studied this question, more research …'s (1986a) model, using it to characterize optimal contracts in the absence of mortgage termination, and then exploring how …

This paper investigates the impact of recourse on the workout process of portfolio commercial mortgage loans. A … generalized model of mortgage workout with stochastic property value appreciation is developed and closed form expressions are …

financial institution foreclosure activities. This is one of many proposed directives for addressing the current mortgage …A national loan level data set, aggregated at the zip code is used to examine the elasticity of default relative to … local demographic characteristics and state level legislation regulating foreclosure procedures and predatory lending. We …