In this article we provide a summary of empirical results obtained in several economics and
operations research papers that attempt to explain, predict, or suggest remedies for financial …

An increase in credit supply driven by looser lending constraints in the mortgage market is
the key force behind four empirical features of the housing boom before the Great …

Using loan-level data, we analyze the quality of subprime mortgage loans by adjusting their
performance for differences in borrower characteristics, loan characteristics, and …

7.1 Section 5 of the Interim Report examined how fixed-rate mortgages are funded and
priced. How mortgages are funded is a key factor behind the relative prices of different sorts …

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 …

We present discrete time survival models of borrower default for credit cards that include
behavioural data about credit card holders and macroeconomic conditions across the credit …

Borrower misreporting is associated with seriously adverse loan outcomes. Significantly
more residential mortgage borrowers reported personal assets just above round number …

There are growing concerns about the way predatory mortgages erode housing equity. We
examine another potential impact: the relationship between abusive loan terms and …

This paper examines the relative risk of subprime mortgages and community reinvestment
loans originated through the Community Advantage Program (CAP). A sample of …

Adjustable‐rate and hybrid loans have been a larger component of subprime mortgage
lending in the mortgage market than prime lending. The typical adjustable‐rate loan in …