Liquidity versus wealth in household debt obligations: Evidence from housing policy in the great recession

P Ganong, P Noel - American Economic Review, 2020 - aeaweb.org
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 …

The importance of technology in banking during a crisis

N Pierri, Y Timmer - Journal of Monetary Economics, 2022 - Elsevier
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 …

[BOOK][B] Tech in fin before fintech: Blessing or curse for financial stability?

MN Pierri, MY Timmer - 2020 - books.google.com
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 …

The effect of health insurance on home payment delinquency: Evidence from ACA Marketplace subsidies

EA Gallagher, R Gopalan, M Grinstein-Weiss - Journal of Public Economics, 2019 - Elsevier
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 …

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 …

The cost of consumer collateral: Evidence from bunching

BL Collier, C Ellis, BJ Keys - 2021 - nber.org
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 …

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 …

[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 …

Moral hazard during the housing boom: Evidence from private mortgage insurance

N Bhutta, BJ Keys - The Review of Financial Studies, 2022 - academic.oup.com
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 …

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 …