First Mortgages, Second Mortgages, and Their Default

被引：0
|
作者：
James B. Kau
Donald C. Keenan
Constantine Lyubimov
机构：
[1] University of Georgia,Department of Insurance, Legal Studies and Real Estate, Terry College of Business
[2] Université de Cergy-Pontoise & THEMA,Department of Economics and Management
[3] Federal National Mortgage Association,undefined
来源：
The Journal of Real Estate Finance and Economics | 2014年 / 48卷
关键词：
Piggyback mortgages; Default; Loan modifications;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
Using 35,437 pairs of first and second mortgages matched from within a much larger set of subprime mortgages, this paper tracks and describes the tendency for either one of the mortgages to enter default, as well as the tendency for either the one or the other mortgage to ever return to being current, all this in a possibly repeated manner. Thus, the entire, interconnected default history of pairs of first and second mortgages is explored, as well as compared to theoretical predictions.
引用
收藏
页码：561 / 588
页数：27
相关论文
共 50 条
  • [31] Mortgages
    Inger, Johan
    [J]. TANZ, 2022, (02): : 38 - 43
  • [32] MORTGAGES
    Updike, Godfrey E.
    [J]. NEW YORK UNIVERSITY LAW REVIEW, 1955, 30 : 805 - 812
  • [33] FIXTURES, REAL ESTATE MORTGAGES COVERING PERSONAL PROPERTY, CORPORATE MORTGAGES AND UTILITY MORTGAGES
    ZWEIBEL, JB
    [J]. BANKING LAW JOURNAL, 1970, 87 (04): : 291 - 306
  • [34] Housing Market Dynamics: Disequilibrium, Mortgage Default, and Reverse Mortgages
    Jones, Timothy
    Gatzlaff, Dean
    Sirmans, G. Stacy
    [J]. JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS, 2016, 53 (03): : 269 - 281
  • [35] THE VALUATION AT ORIGINATION OF FIXED-RATE MORTGAGES WITH DEFAULT AND PREPAYMENT
    KAU, JB
    KEENAN, DC
    MULLER, WJ
    EPPERSON, JF
    [J]. JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS, 1995, 11 (01): : 5 - 36
  • [36] Liquidity Problems and Early Payment Default among Subprime Mortgages
    Anderson, Nathan B.
    Dokko, Jane K.
    [J]. REVIEW OF ECONOMICS AND STATISTICS, 2016, 98 (05) : 897 - 912
  • [37] A prudent loss given default estimation for mortgages. II
    Ozdemir, Bogie
    Huang, Emma
    [J]. JOURNAL OF RISK MODEL VALIDATION, 2021, 15 (04): : 1 - 27
  • [38] WIMP OR TOUGH GUY - SEQUENTIAL DEFAULT RISK AND SIGNALING WITH MORTGAGES
    RIDDIOUGH, TJ
    WYATT, SB
    [J]. JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS, 1994, 9 (03): : 299 - 321
  • [39] Adjustable and fixed rate mortgages as a screening mechanism for default risk
    Posey, LL
    Yavas, A
    [J]. JOURNAL OF URBAN ECONOMICS, 2001, 49 (01) : 54 - 79
  • [40] PRICING DEFAULT-FREE FIXED-RATE MORTGAGES
    BUSER, SA
    HENDERSHOTT, PH
    [J]. HOUSING FINANCE REVIEW, 1984, 3 (04): : 405 - 429
12345