Plausibly Exogenous [1247] - Mortgage Modification (07/02/2023)
LHS Variable
Homeowner behavior
RHS Variable
Mortgage modification program
Source of Exogenous Variation
Variation in modification policy induced by settlement of U.S. state government lawsuits against Countrywide Financial Corporation, which agreed to offer modifications to seriously delinquent borrowers
- Mayer, Morrison, Piskorski, and Gupta (2014), “Mortgage Modification and Strategic Behavior: Evidence from a Legal Settlement with Countrywide”