From Deceit to Default: Dishonest Borrowers and Their Effect on Mortgage Markets

Research in Focus — By analyzing a broad segment of the U.S. mortgage market, three researchers show how fraudulent borrowers play a prominent role in driving up risk in housing markets.

Featured Work

Mortgage Markets

Working Paper

Social 资本 and Mortgages

WP 23-23 – Using comprehensive mortgage-level data, we discover that the social capital of the community in which households live positively influences the likelihood of the approval of their mortgage applications, the terms of approved mortgages, and the subsequent performance of those mortgages.

Mortgage Markets

Working Paper

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”