Traditionally, financial mathematics has been used to solve financial problems. With
globalization, financial transactions require new analysis based on tools of probability …

We test for pricing disparities in mortgage contracts using a novel data set that allows us to
observe the race and ethnicity of both parties to the loan. We find that minorities pay …

A limited understanding of mortgage contracts and the risks involved may have contributed
to the outbreak of the 2007–2008 financial crisis. We developed a special questionnaire …

We examine the role of borrower concerns about future credit availability in mitigating the
effects of adverse selection and income misrepresentation in the mortgage market. We show …

The family home is the most important asset on household balance sheets, aside from
human capital. Choosing a suitable mortgage is therefore critical to financial well-being but …

We examine how mortgage brokers affect borrower confusion about key mortgage features
and assess whether brokers mitigate confusion by educating borrowers. Drawing from two …

Abstract Using the National Survey of Mortgage Originations, we document that borrowers
who are more financially sophisticated (measured by their self‐reported understanding of …

This paper studies the responses among different types of mortgage brokers to occupational
licensing regulations. By explicitly accounting for heterogeneities between sole and …

The purpose of this paper is to explore the influence of the cost of borrowing, processing
time and documentation on the service quality of banking institutions in India that sanction …

The short sale process has emerged as the most common alternative to the traditional
foreclosure process in the recent mortgage crisis. This paper examines the factors that affect …