California Wildfires, Property Damage, and Mortgage Repayment
WP 23-05 – This paper examines wildfires’ impact on mortgage repayment using novel data that combines property-level damages and mortgage performance data.
Examining Resolution of Mortgage Forbearances and Delinquencies – First Quarter 2023
New in 2023 — “Lessons Learned from the CARES Act Mortgage Forbearance Program and Its Aftermath”
The Age Gap in Mortgage Access
WP 23-03 – This paper uses data on millions of single-borrower mortgage applications to study the relationship between applicant age and mortgage application outcomes.
Owner-Occupancy Fraud and Mortgage Performance
WP 23-01 – Occupancy fraud has been suggested as a contributor to the housing bubble. We show it was pervasive and remains present. Fraudulent investors accounted for an outsize share of defaults in the bust and pose a risk should prices decline.