Liquidity versus wealth in household debt obligations: Evidence from housing policy in the great recession
We exploit variation in mortgage modifications to disentangle the impact of reducing long-
term obligations with no change in short-term payments (“wealth”), and reducing short-term …
term obligations with no change in short-term payments (“wealth”), and reducing short-term …
The importance of technology in banking during a crisis
What are the implications of information technology (IT) in banking for financial stability?
Data on US banks' IT equipment and the background of their executives reveals that higher …
Data on US banks' IT equipment and the background of their executives reveals that higher …
[BOOK][B] Tech in fin before fintech: Blessing or curse for financial stability?
Motivated by the world-wide surge of FinTech lending, we analyze the implications of
lenders' information technology adoption for financial stability. We estimate bank-level …
lenders' information technology adoption for financial stability. We estimate bank-level …
The effect of health insurance on home payment delinquency: Evidence from ACA Marketplace subsidies
We use administrative tax data and survey responses to quantify the effect of subsidized
health insurance on rent and mortgage delinquency. We employ a regression discontinuity …
health insurance on rent and mortgage delinquency. We employ a regression discontinuity …
The impact of the current expected credit loss standard (CECL) on the timing and comparability of reserves
S Chae, R Sarama, CM Vojtech, J Wang - 2018 - papers.ssrn.com
The new forward-looking credit loss provisioning standard, CECL, is intended to promote
proactive provisioning as loan loss reserves can be conditioned on expectations of the …
proactive provisioning as loan loss reserves can be conditioned on expectations of the …
The cost of consumer collateral: Evidence from bunching
We show that borrowers are highly sensitive to the requirement of posting their homes as
collateral. Using administrative loan application and performance data from the US Federal …
collateral. Using administrative loan application and performance data from the US Federal …
The effect of the current expected credit loss standard (CECL) on the timing and comparability of reserves
S Chae, RF Sarama, CM Vojtech, J Wang - 2019 - federalreserve.gov
CECL, the new credit loss provisioning standard, is intended to promote proactive
provisioning as loan loss reserves must incorporate forward-looking assumptions. We study …
provisioning as loan loss reserves must incorporate forward-looking assumptions. We study …
[PDF][PDF] Normalizing Forbearance
A Alexandrov, L Goodman, T Tozer - Urban Institute Housing and …, 2022 - urban.org
Normalizing Forbearance Page 1 RESEARCH REPORT Normalizing Forbearance Alexei
Alexandrov Laurie Goodman Ted Tozer July 2022 HOUSING AND HOUSING FINANCE Page …
Alexandrov Laurie Goodman Ted Tozer July 2022 HOUSING AND HOUSING FINANCE Page …
Moral hazard during the housing boom: Evidence from private mortgage insurance
We provide novel evidence of misaligned incentives fueling a portion of the 2000s mortgage
boom. We document that private mortgage insurance (PMI) companies expanded insurance …
boom. We document that private mortgage insurance (PMI) companies expanded insurance …
Mortgage loss severities: What keeps them so high?
X An, L Cordell - Real Estate Economics, 2021 - Wiley Online Library
Mortgage loss‐given‐default (LGD) increased significantly when house prices plummeted
during the financial crisis; but it has remained over 40% in recent years despite a strong …
during the financial crisis; but it has remained over 40% in recent years despite a strong …