Add to ORKGThe main factors underlying the rise in mortgage defaults appear to be declines in house prices and deteriorated underwriting standards, in particular an increase in loan-to-value ratios and in the share of mortgages with little or no documentation of income. Contrary to popular perception, the growth in unconventional mortgages products, such as those with prepayment penalties, interest-only periods, and teaser interest rates, does not appear to be a significant factor in defaults through mid-2008 because borrowers who had problems with these products could refinance into different mortgages. However, as markets realized the extent of the poor underwriting, underwriting standards tightened and borrowers began to face difficulties refinanci...
The current study investigates the recent mortgage crisis to determine whether deteriorating aggrega...
This paper links the U.S. subprime mortgage crisis to demand-side factors that contributed to the ra...
This article uses an innovative default model to explain increases in conventional multifamily mortg...
Rapid house-price depreciation and rising unemployment were the main drivers of the huge increase in...
We study early default, defined as serious delinquency or foreclosure in the first year, among nonpr...
This paper demonstrates that the reason for widespread default of mortgages in the subprime market w...
The abnormally high mortgage default rates that became apparent in late 2006 were not foreseen by st...
Much research and commentary has been written on the impacts of subprime and other ‘exotic’ mortgage...
Correspondence issued by the Government Accountability Office with an abstract that begins "Substant...
This paper examines how differences in state foreclosure laws influence the incidence of default in ...
This paper studies the relationship between the recent boom and current delinquencies in the subprim...
Which theory can quantitatively explain the rise in mortgage defaults during the U.S. mortgage crisi...
This paper solves a dynamic model of a household's decision to default on its mortgage, taking into ...
How much of the recent rise in foreclosures can be explained by the large number of nontraditional, ...
This paper links the current subprime mortgage crisis to a decline in lending standards associated w...
The current study investigates the recent mortgage crisis to determine whether deteriorating aggrega...
This paper links the U.S. subprime mortgage crisis to demand-side factors that contributed to the ra...
This article uses an innovative default model to explain increases in conventional multifamily mortg...
Rapid house-price depreciation and rising unemployment were the main drivers of the huge increase in...
We study early default, defined as serious delinquency or foreclosure in the first year, among nonpr...
This paper demonstrates that the reason for widespread default of mortgages in the subprime market w...
The abnormally high mortgage default rates that became apparent in late 2006 were not foreseen by st...
Much research and commentary has been written on the impacts of subprime and other ‘exotic’ mortgage...
Correspondence issued by the Government Accountability Office with an abstract that begins "Substant...
This paper examines how differences in state foreclosure laws influence the incidence of default in ...
This paper studies the relationship between the recent boom and current delinquencies in the subprim...
Which theory can quantitatively explain the rise in mortgage defaults during the U.S. mortgage crisi...
This paper solves a dynamic model of a household's decision to default on its mortgage, taking into ...
How much of the recent rise in foreclosures can be explained by the large number of nontraditional, ...
This paper links the current subprime mortgage crisis to a decline in lending standards associated w...
The current study investigates the recent mortgage crisis to determine whether deteriorating aggrega...
This paper links the U.S. subprime mortgage crisis to demand-side factors that contributed to the ra...
This article uses an innovative default model to explain increases in conventional multifamily mortg...