Recourse and residential mortgage default: Evidence from US states

By Andra Ghent, Marianna Kudlyak. 2011

368 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/a86910750e5dbd7ef566c054d31943f4ea70a13e

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Citations in the corpus

Infusing domain knowledge in AI-based "black box" models for better explainability with application in bankruptcy prediction (2019, methodology): “Inothercurrently ongoing work, we investigated 33 research papers [16, 17, 20, 23, 24, 26, 28, 31–36, 39, 41–44, 48–51, 55, 56, 59, 62– 67, 71, 73] related to mortgage default/bankruptcy prediction and collected all explanatory variables (i.e., features) [3].”
House Price Beliefs And Mortgage Leverage Choice (2017, neutral): “…services, such as Facebook, LinkedIn, Twitter, eBay, Mint, Trulia, and Zillow, can have in helping researchers overcome important measurement challenges across the social sciences (see, for example, Baker, 2018; Giglio et al., 2015; Einav et al., 2015; Piazzesi, Schneider and Stroebel, 2015).”
Mortgage Market Design (2012, neutral): “Also, there are countervailing negative environmental externalities arising from the dispersed and energy-intensive nature of owner-occupied housing (Glaeser 2011).”
Payment Size, Negative Equity, and Mortgage Default (2017, neutral): “Finally, to account for differences in the legal environment across states (Ghent and Kudlyak 2011), we include state dummies in our regressions.”
Macroeconomic Effects of Bankruptcy and Foreclosure Policies (2016, neutral): “18This is consistent with the interpretation of the effects of recourse found in Ghent and Kudlyak (2011).”
Securitization and Mortgage Default (2011, neutral): “11 Many papers have studied the effect of these state laws on foreclosure outcomes; for example, Ghent and Kudlyak (2011) use the LPS data to address laws that restrict deficiency judgments.”
Bank Competition and Financial Stability: Evidence from the Financial Crisis (2016, positive): “We use the classification from Ghent and Kudlyak (2011), who show that nonrecourse status affects mortgage defaults.”