What "triggers" mortgage default?

American Economic Review

Volumn 100, Issue 2, 2010, Pages 490-494

  Elul, Ronel ^a   Souleles, Nicholas S ^b   Chomsisengphet, Souphala ^c   Glennon, Dennis ^c   Hunt, Robert ^a  

^a FEDERAL RESERVE BANK OF PHILADELPHIA   (United States)

^b UNIVERSITY OF PENNSYLVANIA   (United States)

^c OFFICE OF THE COMPTROLLER OF THE CURRENCY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 77956103517     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.100.2.490     Document Type: Conference Paper

References (11)

1. Agarwal, Sumit, Chunlin Liu, and Nicholas S. Souleles. 2007. "The Reaction of Consumer Spending and Debt to Tax RebatesEvidence from Consumer Credit Data." Journal of Political Economy, 115(6): 986-1019.
2. Agarwal, Sumit, Souphala Chomsisengphet, Chunlin Liu, and Nicholas S. Souleles. 2009. "Benefits of Relationship Banking: Evidence from Consumer Credit Markets." Unpublished.
3. Bajari, Patrick, Chenghuan Sean Chu, and Minjung Park. 2008. "An Empirical Model of Subprime Mortgage Default from 2000 to 2007." National Bureau of Economic Research Working Paper 14625.
4. Bhutta, Neil, Jane Dokko, and Hui Shan. 2010. "How Low Will You Go? The Depth of Negative Equity and Mortgage Default Decisions." Unpublished.
5. Cohen-Cole, Ethan, and Jonathan Morse. 2009. "Your House or Your Credit Card, Which Would You Choose? Personal Delinquency Tradeoffs and Precautionary Liquidity Motives." Federal Reserve Bank of Boston Quantitative Analysis Unit Working Paper QAU09-5
6. Elmer, Peter J., and Steven A. Seelig. 1999. "Insolvency, Trigger Events, and Consumer Risk Posture in the Theory of Single-Family Mortgage Default." Journal of Housing Research, 10(1): 1-25.
7. Elul, Ronel. 2009. "Securitization and the Mortgage Default." Federal Reserve Bank of Philadelphia Working Paper 09-21.
8. Foster, Chester, and Robert Van Order. 1984. "An Option-based Model of Mortgage Default." Housing Finance Review, 3(4): 351-372
9. Gerardi, Kristopher, Adam Hale Shapiro, and Paul S. Willen. 2007. "Subprime Outcomes: Risky Mortgages, Homeownership Experiences, and Foreclosures." Federal Reserve Bank of Boston Working Paper 07-15.
10. Gross, David B., and Nicholas S. Souleles. 2002. "An Empirical Analysis of Personal Bankruptcy and Delinquency." Review of Financial Studies, 15(1): 319-347
11. Kau, James B., Donald C. Keenan, and Taewon Kim. 1994."Default Probabilities for Mortgages." Journal of Urban Economics, 35(3): 278-296