Larry Cordell

Federal Reserve Banks - Federal Reserve Bank of Philadelphia

Ten Independence Mall

Philadelphia, PA 19106-1574

United States

  • Federal Reserve Banks - Federal Reserve Bank of Philadelphia

SCHOLARLY PAPERS

15

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8,021

SSRN CITATIONS
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Top 18,161

in Total Papers Citations

35

CROSSREF CITATIONS

32

Scholarly Papers (15)

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1.

The Impact of Student Loan Debt on Small Business Formation

Downloads 3,217 ( 6,436)
Citation 4

The Impact of Student Loan Debt on Small Business Formation

Number of pages: 37 Posted: 31 Mar 2014 Last Revised: 21 Jul 2015
Brent W. Ambrose, Larry Cordell and Shuwei Ma
Pennsylvania State University, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 2,783 (7,922)

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Student Loans, Small Business, Debt

The Impact of Student Loan Debt on Small Business Formation

FRB of Philadelphia Working Paper No. 15-26
Number of pages: 32 Posted: 22 Jul 2015
Brent W. Ambrose, Larry Cordell and Shuwei Ma
Pennsylvania State University, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 434 (111,733)
Citation 4

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Student Loans, Small Business Finance, Debt Capacity

2.

CLO Performance

Downloads 2,010 (13,530)
Citation 4

CLO Performance

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper, Journal of Finance, Forthcoming
Number of pages: 64 Posted: 15 Aug 2020 Last Revised: 15 Dec 2021
Larry Cordell, Michael R. Roberts and Michael Schwert
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER) and AQR Arbitrage, LLC
Downloads 1,985 (13,548)
Citation 1

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collateralized loan obligations, leveraged loans, securitization

Clo Performance

NBER Working Paper No. w29410
Number of pages: 62 Posted: 01 Nov 2021 Last Revised: 17 Jul 2023
Larry Cordell, Michael R. Roberts and Michael Schwert
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER) and AQR Arbitrage, LLC
Downloads 25 (845,686)
Citation 3

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3.

Collateral Damage: Sizing and Assessing the Subprime CDO Crisis

FRB of Philadelphia Working Paper No. 11-30
Number of pages: 50 Posted: 09 Aug 2011
Larry Cordell, Yilin Huang and Meredith Williams
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 836 (49,423)
Citation 32

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4.

Inequality in the Time of Covid-19: Evidence from Mortgage Delinquency and Forbearance

Downloads 466 (103,860)
Citation 4

Inequality in the Time of Covid-19: Evidence from Mortgage Delinquency and Forbearance

FRB of Philadelphia Working Paper No. 21-9
Posted: 03 Jun 2021
Xudong An, Larry Cordell, Liang Geng and Keyoung Lee
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Philadelphia

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mortgage forbearance, inequality, COVID-19, loan modifications

Inequality in the Time of COVID-19: Evidence from Mortgage Delinquency and Forbearance

Number of pages: 66 Posted: 22 Feb 2021 Last Revised: 02 Feb 2022
Xudong An, Larry Cordell, Liang Geng and Keyoung Lee
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 466 (102,825)
Citation 4

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COVID-19, mortgage forbearance, mortgage delinquency, inequality, loan modification

5.

The Trust Preferred CDO Market: From Start to (Expected) Finish

FRB of Philadelphia Working Paper No. 11-22
Number of pages: 49 Posted: 27 Jun 2011
Larry Cordell, Michael Hopkins and Yilin Huang
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 274 (186,446)
Citation 5

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6.

Bank Stress Test Results and Their Impact on Consumer Credit Markets

Downloads 264 (195,786)
Citation 1

Bank Stress Test Results and Their Impact on Consumer Credit Markets

FRB of Philadelphia Working Paper No. 20-30
Number of pages: 84 Posted: 03 Aug 2020
Sumit Agarwal, Xudong An, Larry Cordell and Raluca A. Roman
National University of Singapore, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Philadelphia
Downloads 135 (352,770)
Citation 1

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bank stress tests, credit supply, cost of credit, credit usage, credit performance, credit cards

Bank Stress Tests and Consumer Credit Markets: Credit and Real Impacts

Number of pages: 86 Posted: 05 Aug 2020 Last Revised: 09 Aug 2022
Sumit Agarwal, Xudong An, Larry Cordell and Raluca A. Roman
National University of Singapore, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Philadelphia
Downloads 129 (371,915)

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Bank stress tests, household finance, consumer credit supply, spending, debt management, payment behavior, consumer credit performance, credit cards, mortgages

7.

The Cost of Delay

FRB of Philadelphia Working Paper No. 13-15
Number of pages: 29 Posted: 27 Apr 2013
Larry Cordell, Liang Geng, Laurie S. Goodman and Lidan Yang
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, The Urban Institute - Housing Finance Policy Center and Amherst Securities Group LP
Downloads 238 (214,251)
Citation 2

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Mortgage market, Forclosures, REO liquidation timelines, time-related costs

8.

Mortgage Loss Severities: What Keeps Them so High?

Downloads 177 (281,341)
Citation 3

Mortgage Loss Severities: What Keeps Them so High?

FRB of Philadelphia Working Paper No. 19-19
Number of pages: 49 Posted: 19 Mar 2019 Last Revised: 29 Apr 2020
Xudong An and Larry Cordell
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 149 (325,900)

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loss-given default (LGD), foreclosure timelines, regulatory changes, Heckman two-stage correction, accelerated failure time model

Mortgage Loss Severities: What Keeps Them so High?

FRB of Philadelphia Working Paper No. 20-37
Number of pages: 50 Posted: 28 Sep 2020
Xudong An and Larry Cordell
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 28 (810,391)

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loss-given default (LGD), foreclosure timelines, regulatory changes, Heckman two-stage model, accelerated failure time model

9.

A Cost-Benefit Analysis of Judicial Foreclosure Delay and a Preliminary Look at New Mortgage Servicing Rules

FRB of Philadelphia Working Paper No. 15-14
Number of pages: 34 Posted: 24 Mar 2015 Last Revised: 07 Jul 2015
Larry Cordell and Lauren Lambie-Hanson
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 167 (295,757)
Citation 6

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Mortgage, Foreclosure, Regulation

10.

Asymmetric Information and the Death of ABS CDOs

FRB International Finance Discussion Paper No. 1075
Number of pages: 36 Posted: 06 Apr 2013
Daniel O. Beltran, Larry Cordell and Charles P. Thomas
Board of Governors of the Federal Reserve System, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Thomas & Son Analytics
Downloads 145 (332,646)
Citation 4

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CDO, securitization, asymmetric, lemons

11.

Understanding and Measuring Risks in Agency Cmos

FRB of Philadelphia Working Paper No. 13-8
Number of pages: 28 Posted: 03 Apr 2013
Nicholas Arcidiacono, Larry Cordell, Andrew Davidson and Alex Levin
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Andrew Davidson and Co., Inc. and Andrew Davidson and Co., Inc.
Downloads 129 (364,091)
Citation 1

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Mortgage finance, Collateralized mortgage obligation

12.

Regime Shift and the Post-Crisis World of Mortgage Loss Severities

FRB of Philadelphia Working Paper No. 17-8
Number of pages: 46 Posted: 10 Apr 2017 Last Revised: 20 Jun 2017
Xudong An and Larry Cordell
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 98 (443,846)

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mortgages, housing markets, government intervention

13.

The Incentives of Mortgage Servicers: Myths and Realities

FEDS Working Paper No. 2008-46
Posted: 02 Jul 2021 Last Revised: 01 Jul 2021
Larry Cordell, Karen E. Dynan, Andreas Lehnert, Nellie Liang and Eileen Mauskopf
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, affiliation not provided to SSRN, Board of Governors of the Federal Reserve System, Brookings Institution and Board of Governors of the Federal Reserve System

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14.

Designing Loan Modifications to Address the Mortgage Crisis and the Making Home Affordable Program

FEDS Working Paper No. 2009-43
Posted: 02 Jul 2021 Last Revised: 01 Jul 2021
Larry Cordell, Karen E. Dynan, Andreas Lehnert, Nellie Liang and Eileen Mauskopf
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, affiliation not provided to SSRN, Board of Governors of the Federal Reserve System, Brookings Institution and Board of Governors of the Federal Reserve System

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15.

The Role of ABS CDOs in the Financial Crisis

Cordell, Larry; Feldberg, Greg; Sass, Danielle. Journal of Structured Finance; New York Vol. 25, Iss. 2, (Summer 2019): 10-27
Posted: 30 Aug 2019
Greg Feldberg, Larry Cordell and Danielle Sass
Yale University - Yale Program on Financial Stability, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Department of Statistics

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asset-backed securities (ABS), credit risk management, financial crises and financial market history