BPO Banking Image

Us mortgage loan


Cover imageWe model the outcomes of seriously delinquent mortgage loans.

We examine the effects of the loan, borrower, property, servicer and neighborhood.

Current LTV is one of the strongest predictors of curing or modifying a loan.

High risk loan characteristics make it less likely that a loan will be modified.

Servicers vary considerably in their granting of modifications.

This paper combines data on the performance of mortgage loans with detailed borrower, neighborhood, and property characteristics to examine the factors that determine the outcomes of seriously delinquent loans. We employ multinomial logit models in a hazard framework to explain how loan, borrower, property, servicer and neighborhood characteristics affect which of the following four outcomes results from a seriously delinquent loan: (1) the borrower cures the delinquency; (2) the borrower and lender agree to modify the loan; (3) the borrower suffers a liquidation (short sale, deed in lieu, foreclosure auction sale or REO); or (4) the loan remains delinquent. In particular, we focus on mortgage modification. We find that the outcomes of delinquent loans are significantly related to: current LTV, FICO scores, especially risky loan characteristics, the servicer of the loan, neighborhood housing price appreciation, and whether the borrower received foreclosure counseling.

Keywords

  • Mortgage;
  • Modification;
  • Default;
  • Foreclosure

See also:

  • Keto Diet France detailed beginners guide to Keto Diet www.goodshelp.com.


Share this article




FAQ


avatar
What US banks offer foreign national mortgages? - Quora

Find a local, licensed loan originator who works for a non-depository mortgage lender OR a mortgage broker. Either of these entities (and not a bank) will be able to help you locate a lender willing to lend. You do not have to be a U.S. citizen to obtain a mortgage in the U.S.  Here's another trick.  The industry uses this website as a way to shop and see what lenders have to offer their customers:




Related Posts


Mortgage Loan Types
Mortgage Loan Types
Us mortgage Corp
Us mortgage Corp
New Mortgage Loan Programs
New Mortgage Loan Programs

Latest Posts
30 Year loans
30 Year loans
Thirty-year fixed mortgage rates were…
Remortgage Compare
Remortgage Compare
Despite the ups and downs of the property…
Mortgage Assistance
Mortgage Assistance
995-HOPE is available: To any homeowner…
USAA Mortgage bad credit
USAA Mortgage…
FICO score, VantageScore, BlahBlahBlah…
Fixed Mortgage Rates
Fixed Mortgage…
Multiple closely watched mortgage rates…
Search
Featured posts
  • Mortgage Loan Types
  • Us mortgage Corp
  • New Mortgage Loan Programs
  • Lowest Mortgage loan
  • Mortgage loan process
  • 10 year mortgage loan
  • Federal mortgage Loans
  • Mortgage loan processing
  • Loan Mortgage Process
Copyright © 2021 l www.scarredforlife.info. All rights reserved.