Government and private household debt relief during COVID-19

We follow a representative panel of US borrowers to study the suspension of household
debt payments (debt forbearance) during the COVID-19 pandemic. Between March and …

How resilient is mortgage credit supply? Evidence from the COVID-19 pandemic

A Fuster, A Hizmo, L Lambie-Hanson, J Vickery… - 2021 - nber.org
We study the evolution of US mortgage credit supply during the COVID-19 pandemic.
Although the mortgage market experienced a historic boom in 2020, we show there was …

Inequality in the time of covid-19: Evidence from mortgage delinquency and forbearance

X An, L Cordell, L Geng, K Lee - Available at SSRN 3789349, 2022 - papers.ssrn.com
Using novel data, we show that during the COVID-19 pandemic minority and lower-income
borrowers experienced significantly more financial distress. We quantify how much the …

Single borrowers versus coborrowers in the pandemic: Mortgage forbearance take-up and performance

L Goodman, J Zhu - Journal of Housing Economics, 2023 - Elsevier
Early in the COVID-19 pandemic, policymakers initiated a forbearance program—that
allowed borrowers to pause their mortgage payments—to prevent a large-scale foreclosure …

[PDF][PDF] Mortgage Market Inequality: Effects of COVID‐19 Loss Mitigation Programs

X An, L Cordell, K Lee - 2023 - aeaweb.org
Using novel administrative data matched to HMDA data, we show that CARES Act mortgage
forbearance programs significantly reduced the mortgage delinquency rate gap between …

[PDF][PDF] Government and Private Household Debt Relief during COVID-19

T PISKORSKI, A SERU - Brookings Papers on Economic Activity, 2021 - brookings.edu
We study the suspension of household debt payments (debt forbearance) during the COVID-
19 pandemic. Between March 2020 and May 2021, more than 70 million consumers with …

Borrower expectations and mortgage performance: evidence from the COVID-19 pandemic

WD Larson, C Makridis, C Redmer - Available at SSRN 4705653, 2024 - papers.ssrn.com
We exploit plausibly exogenous variation in borrower house price and unemployment
expectations to estimate their causal effect on loan performance. Borrowers whose price …

Strategic Default and Moral Hazard in Real Estate: Insights from Machine Learning Applications

AP Bandyopadhyay - 2021 - search.proquest.com
Strategic default has been the achilles heel in academic finance for decades. By definition,
whether a default has occurred due to strategic motive is unobservable. Moreover, a …

Aftershock: The Effect of the Pandemic on Mortgage Securitization

FE Nothaft, PH Kiser, M Boesel - The Journal of Structured …, 2022 - pm-research.com
An unexpected result of the COVID-19 pandemic was the resurgence of private-label
securitization (PLS) in 2021. This article reviews the effect of the two-year pandemic on …

[HTML][HTML] The Color of Forbearance in Private Label Mortgages: Consequences of Exclusion from CARES Act

A Bandyopadhyay - 2020 - europepmc.org
I document disparate treatment towards African Americans with private label mortgages
using proprietary servicer call transcripts. This is primarily to recoup the delay in cashflow …