RT Journal Article SR Electronic T1 Negative Equity Trumps Unemployment in Predicting Defaults JF The Journal of Fixed Income FD Institutional Investor Journals SP 67 OP 72 DO 10.3905/JFI.2010.19.4.067 VO 19 IS 4 A1 Laurie S Goodman A1 Roger Ashworth A1 Brian Landy A1 Ke Yin YR 2010 UL https://pm-research.com/content/19/4/67.abstract AB In this article, the authors show that negative equity alone is a more important predictor of defaults than unemployment. They also establish that when the borrower is significantly underwater, high unemployment can act as a trigger, amplifying the level of defaults.TOPICS: MBS and residential mortgage loans, legal/regulatory/public policy, big data/machine learning