March 16, 2018
Interest-Only During Recessions
John Campbell et al. have posted Structuring Mortgages for Macroeconomic Stability to SSRN. They are not the first to propose a mortgage product that is designed to lessen its burden when times are hard, but that does not make their proposal … Continue reading
March 16, 2018 in mortgage | Permalink | No Comments
March 15, 2018
FinTech Disrupting The Mortgage Industry
Researchers at the NY Fed have posted The Role of Technology in Mortgage Lending. There is no doubt that tech can disrupt the mortgage lending business much as it has done with others. The abstract reads, Technology-based (“FinTech”) lenders increased … Continue reading
March 15, 2018 in mortgage | Permalink | No Comments
March 14, 2018
The Importance of Mortgage Data
Senate Bill 2155 is looking like it will be enacted and reduce the amount of data collected pursuant to the Home Mortgage Disclosure Act. The Federal Reserve Bulletin includes a report that demonstrates just how useful that data is, Residential Mortgage Lending … Continue reading
March 14, 2018 in mortgage | Permalink | No Comments
February 20, 2018
Can I Refinance?
LendingTree quoted me in Can I Refinance? Refinance Requirements for Your Mortgage. It opens, While there are many reasons to refinance a mortgage, one of the biggest factors at play is whether or not you’ll be able to get a better … Continue reading
February 20, 2018 in mortgage | Permalink | No Comments
February 12, 2018
Redefault Risk After the Mortgage Crisis
Paul Calem et al. of the Phillie Fed posted Redefault Risk in the Aftermath of the Mortgage Crisis: Why Did Modifications Improve More Than Self-Cures? The abstract reads, This paper examines the redefault rate of mortgages that were selected for modification … Continue reading
February 12, 2018 in mortgage | Permalink | No Comments
February 8, 2018
Loan Mods Amidst Rising Interest Rates
The Urban Institute’s Laurie Goodman et al. have posted Government Loan Modifications: What Happens When Interest Rates Rise?. This brief is another product of the newly formed Mortgage Servicing Collaborative. This brief examines the current loan modification product suite for … Continue reading
February 8, 2018 in mortgage | Permalink | No Comments
January 25, 2018
Credit Risk Transfer and Financial Crises
Susan Wachter posted Credit Risk Transfer, Informed Markets, and Securitization to SSRN. It opens, Across countries and over time, credit expansions have led to episodes of real estate booms and busts. Ten years ago, the Global Financial Crisis (GFC), the … Continue reading
January 25, 2018 in mortgage | Permalink | No Comments
