What is it about?

This work presents an analytical assessment to demonstrate that idiosyncratic factors play an important role in mortgage default decision. The extent to which they are important depends on mortgage's LTV and borrower's economic position.

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Why is it important?

This work provides analytical framework for understanding the extent to which idiosyncratic factors are important determinants for mortgage default.

Perspectives

This work provides tools to policymakers to understand the drivers behind mortgage default decision.

Samit Ahlawat
JP Morgan Chase and Co

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This page is a summary of: Evaluation of Mortgage Default Characteristics Using Fannie Mae’s Loan Performance Data, The Journal of Real Estate Finance and Economics, November 2018, Springer Science + Business Media, DOI: 10.1007/s11146-018-9686-8.
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