This article reviews the surge in research on mortgage default inspired by the recent
foreclosure crisis. Economists already understood a great deal about default, both …

As applied to the behavior of homeowners with mortgages, option theory predicts that
mortgage prepayment or default will be exercised if the call or put option is 'in the money'by …

This paper examines the role of demographic, socio‐economic and debt portfolio
characteristics as contributors to financial stress in Australian households. The data are …

Mortgage default rates rose dramatically during the recent housing market downturn,
increasing from less than 1% to historically high levels. Understanding the rise in mortgage …

Background. The extended recession and stagnant housing market in the 1990s following
the boom of the late 1980s resulted in more than half a million housing repossessions. This …

Mangrove forests provide many ecosystem services but are among the world's most
threatened ecosystems. Mangroves vary substantially according to their geomorphic and …

Both empirical and pricing‐simulation models of mortgage default focus on foreclosure in a
one‐step decision framework. Such models are misspecified to the extent that mortgage …

Using data for 1991 to 1997 from the British Household Panel Survey we investigate the
incidence of housing finance problems, evictions, and repossessions. Previous research on …

We investigate the socio-economic determinants of mortgage delinquency in eight EU
mortgage markets and observe that income volatility exerts a positive effect on the mortgage …

Implicit in option-pricing models of mortgage valuation are threshold levels of put-option
value that must be crossed to induce borrower default. There has been little research into …