Household finance: An emerging field
Household finance—the normative and positive study of how households use financial
markets to achieve their objectives—has gained a lot of attention over the past decade and …
markets to achieve their objectives—has gained a lot of attention over the past decade and …
A model of mortgage default
JY Campbell, JF Cocco - The Journal of Finance, 2015 - Wiley Online Library
In this paper, we solve a dynamic model of households' mortgage decisions incorporating
labor income, house price, inflation, and interest rate risk. Using a zero‐profit condition for …
labor income, house price, inflation, and interest rate risk. Using a zero‐profit condition for …
Can't pay or won't pay? Unemployment, negative equity, and strategic default
This paper uses new data from the PSID to quantify the relative importance of negative
equity versus ability to pay, in driving mortgage defaults between 2009 and 2013. These …
equity versus ability to pay, in driving mortgage defaults between 2009 and 2013. These …
Market risk and financial performance of non-financial companies listed on the Moroccan stock exchange
DF Kassi, DN Rathnayake, PA Louembe, N Ding - Risks, 2019 - mdpi.com
This study examines the effect of market risk on the financial performance of 31 non-financial
companies listed on the Casablanca Stock Exchange (CSE) over the period 2000–2016. We …
companies listed on the Casablanca Stock Exchange (CSE) over the period 2000–2016. We …
How do consumers fare when dealing with debt collectors? Evidence from out-of-court settlements
IH Cheng, F Severino… - The Review of Financial …, 2021 - academic.oup.com
Do deals with debt collectors alleviate consumer financial distress? Using new data linking
court and credit registry records, we examine civil collection lawsuits where consumers can …
court and credit registry records, we examine civil collection lawsuits where consumers can …
Moving to a job: The role of home equity, debt, and access to credit
We use individual-level credit reports merged with loan-level mortgage data to estimate how
home equity interacted with mobility in relatively weak and strong labor markets in the …
home equity interacted with mobility in relatively weak and strong labor markets in the …
How does bank capital affect the supply of mortgages? Evidence from a randomized experiment
V Michelangeli, E Sette - … Experiment (February 25, 2016). Bank of …, 2016 - papers.ssrn.com
We study the effect of bank capital on the supply of mortgages. We fully control for
endogenous matching between borrowers, loan contracts, and banks by submitting …
endogenous matching between borrowers, loan contracts, and banks by submitting …
Determinants of mortgage arrears in Europe: evidence from household microdata
P Gerlach-Kristen, S Lyons - International Journal of Housing Policy, 2018 - Taylor & Francis
In purely economic terms, mortgage arrears can pose a risk to the stability of banks and limit
households' future access to credit. Moreover, arrears have social ramifications: they reduce …
households' future access to credit. Moreover, arrears have social ramifications: they reduce …
Mortgage arrears, regulation and institutions: Cross-country evidence
Using a newly constructed database for 26 countries over 2000-2014, we analyze cross-
country and within-country differences in mortgage arrears. We find that restrictive macro …
country and within-country differences in mortgage arrears. We find that restrictive macro …
Refinance and mortgage default: A regression discontinuity analysis of HARP's impact on default rates
This paper examines the impact of refinancing on mortgage defaults based on an empirical
investigation of the Home Affordable Refinance Program (HARP). We study a unique …
investigation of the Home Affordable Refinance Program (HARP). We study a unique …