Author Page for Paul Willen

Federal Reserve Bank of Atlanta, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Federal Reserve Bank of Boston - Research Department

Abstract:

Making Sense of the Subprime Crisis

Brookings Papers on Economic Activity, Forthcoming, Federal Reserve Bank of Atlanta Working Paper No. 2009-2

Number of pages: 75 Posted: 22 Feb 2009

Kristopher Gerardi, Andreas Lehnert, Paul Willen and Shane Sherlund

Federal Reserve Bank of Atlanta, Board of Governors of the Federal Reserve System, Federal Reserve Bank of Boston - Research Department and Board of Governors of the Federal Reserve System

Downloads 566 (67,262)

Citation 17

Abstract:

Making Sense of the Subprime Crisis

FRB of Boston Public Policy Discussion Paper No. 09-1

Number of pages: 74 Posted: 13 Feb 2009

Kristopher Gerardi, Andreas Lehnert, Shane Sherlund and Paul Willen

Federal Reserve Bank of Atlanta, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Federal Reserve Bank of Boston - Research Department

Downloads 131 (298,444)

Citation 27

Abstract:

5.

How Effective Were the Federal Reserve Emergency Liquidity Facilities? Evidence from the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility

Journal of Finance, Forthcoming, FRB of Boston Quantitative Analysis Unit Working Paper No. 10-3

Number of pages: 59 Posted: 02 May 2010 Last Revised: 22 Feb 2012

Burcu Duygan-Bump, Patrick M. Parkinson, Eric S. Rosengren, Gustavo Suarez and Paul Willen

Board of Governors of the Federal Reserve System, Government of the United States of America - Division of Research and Statistics, Federal Reserve Bank of Boston - Supervision and Regulation, Board of Governors of the Federal Reserve System and Federal Reserve Bank of Boston - Research Department

Downloads 435 (93,483)

Citation 10

Abstract:

6.

Do Households Benefit from Financial Deregulation and Innovation? The Case of the Mortgage Market

Downloads 422 ( 96,894)

Citation 43

2

Do Households Benefit from Financial Deregulation and Innovation? The Case of the Mortgage Market

Federal Reserve Bank of Boston Research Paper Series Public Policy Discussion Paper No. 06-6, Hudson Institute Research Paper No. 06-07

Number of pages: 59 Posted: 03 Oct 2006 Last Revised: 06 Aug 2008

Kristopher Gerardi, Harvey S. Rosen and Paul Willen

Federal Reserve Bank of Atlanta, Princeton University - Department of Economics and Federal Reserve Bank of Boston - Research Department

Downloads 312 (134,659)

Citation 3

Abstract:

Do Households Benefit from Financial Deregulation and Innovation? The Case of the Mortgage Market

NBER Working Paper No. w12967

Number of pages: 61 Posted: 15 Mar 2007 Last Revised: 08 Jun 2022

Kristopher Gerardi, Harvey S. Rosen and Paul Willen

Federal Reserve Bank of Atlanta, Princeton University - Department of Economics and Federal Reserve Bank of Boston - Research Department

Downloads 110 (339,092)

Citation 4

Abstract:

7.

Unemployment, Negative Equity, and Strategic Default

Number of pages: 50 Posted: 13 Jul 2013

Kristopher Gerardi, Kyle Herkenhoff, Lee E. Ohanian and Paul Willen

Federal Reserve Bank of Atlanta, University of Minnesota - Minneapolis, University of California, Los Angeles (UCLA) - Department of Economics and Federal Reserve Bank of Boston - Research Department

Downloads 358 (116,852)

Citation 22

Abstract:

8.

Occupation-Level Income Shocks and Asset Returns: Their Covariance and Implications for Portfolio Choice

Downloads 318 (132,632)

Citation 13

2

Occupation-Level Income Shocks and Asset Returns: Their Covariance and Implications for Portfolio Choice

Number of pages: 71 Posted: 26 Oct 2000

Steven J. Davis and Paul Willen

University of Chicago and Federal Reserve Bank of Boston - Research Department

Downloads 283 (149,304)

Citation 7

Abstract:

Occupation-Level Income Shocks and Asset Returns: Their Covariance and Implications for Portfolio Choice

NBER Working Paper No. w7905

Number of pages: 70 Posted: 16 Sep 2000 Last Revised: 07 Feb 2021

Steven J. Davis and Paul Willen

University of Chicago and Federal Reserve Bank of Boston - Research Department

Downloads 35 (608,231)

Citation 7

Abstract:

9.

Borrowing Costs and the Demand for Equity Over the Life Cycle

Downloads 303 (139,752)

Citation 39

2

Borrowing Costs and the Demand for Equity Over the Life Cycle

AFA 2004 San Diego Meetings , FRB of Boston Working Paper No. 05-7

Number of pages: 42 Posted: 30 Dec 2003

Steven J. Davis, Felix Kubler and Paul Willen

University of Chicago, University of Zurich and Federal Reserve Bank of Boston - Research Department

Downloads 257 (164,640)

Citation 12

Abstract:

Borrowing Costs and the Demand for Equity Over the Life Cycle

NBER Working Paper No. w9331

Number of pages: 45 Posted: 16 Nov 2002 Last Revised: 03 Jul 2022

Steven J. Davis, Felix Kubler and Paul Willen

University of Chicago, University of Zurich and Federal Reserve Bank of Boston - Research Department

Downloads 46 (548,171)

Citation 7

Abstract:

10.

Subprime Mortgages, Foreclosures, and Urban Neighborhoods

Downloads 281 (151,020)

Citation 22

2

Subprime Mortgages, Foreclosures, and Urban Neighborhoods

FRB of Boston Public Policy Discussion Paper No. 08-6

Number of pages: 38 Posted: 08 Jan 2009

Kristopher Gerardi and Paul Willen

Federal Reserve Bank of Atlanta and Federal Reserve Bank of Boston - Research Department

Downloads 219 (192,319)

Citation 11

Abstract:

Subprime Mortgages, Foreclosures, and Urban Neighborhoods

Berkeley Electronic Journal of Economic Analysis & Policy, Vol. 9, No. 3, 2009 , Federal Reserve Bank of Atlanta Working Paper Series No. 2009-1

Number of pages: 39 Posted: 27 Aug 2009

Kristopher Gerardi and Paul Willen

Federal Reserve Bank of Atlanta and Federal Reserve Bank of Boston - Research Department

Downloads 62 (478,143)

Citation 2

Abstract:

11.

The Failure of Supervisory Stress Testing: Fannie Mae, Freddie Mac, and OFHEO

Downloads 280 (151,563)

Citation 6

2

The Failure of Supervisory Stress Testing: Fannie Mae, Freddie Mac, and OFHEO

FRB Atlanta Working Paper No. 2015-3

Number of pages: 57 Posted: 13 Apr 2015

W. Scott Frame, Kristopher Gerardi and Paul Willen

Federal Reserve Bank of Dallas, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Boston - Research Department

Downloads 191 (218,192)

Citation 8

Abstract:

The Failure of Supervisory Stress Testing: Fannie Mae, Freddie Mac, and Ofheo

FRB of Boston Working Paper No. 15-4

Number of pages: 55 Posted: 19 Oct 2015 Last Revised: 06 May 2016

W. Scott Frame, Kristopher Gerardi and Paul Willen

Federal Reserve Bank of Dallas, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Boston - Research Department

Downloads 89 (389,739)

Abstract:

12.

Reasonable People did Disagree: Optimism and Pessimism About the U.S. Housing Market Before the Crash

FRB of Boston Public Policy Discussion Paper No. 10-5

Number of pages: 32 Posted: 16 Oct 2010

Kristopher Gerardi, Christopher L. Foote and Paul Willen

Federal Reserve Bank of Atlanta, Federal Reserve Bank of Boston and Federal Reserve Bank of Boston - Research Department

Downloads 268 (158,446)

Citation 16

Abstract:

13.

Why Don't Lenders Renegotiate More Home Mortgages? Redefaults, Self-Cures, and Securitization

Downloads 257 (165,220)

Citation 34

2

Why Don't Lenders Renegotiate More Home Mortgages? Redefaults, Self-Cures, and Securitization

FRB of Boston Public Policy Discussion Paper No. 09-4, Federal Reserve Bank of Atlanta Working Paper 2009-17

Number of pages: 41 Posted: 17 Jul 2009 Last Revised: 30 May 2015

Manuel Adelino, Kristopher Gerardi and Paul Willen

Duke University, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Boston - Research Department

Downloads 217 (194,036)

Citation 22

Abstract:

Why Don't Lenders Renegotiate More Home Mortgages? Redefaults, Self-Cures and Securitization

NBER Working Paper No. w15159

Number of pages: 42 Posted: 21 Jul 2009 Last Revised: 04 Jun 2022

Manuel Adelino, Kristopher Gerardi and Paul Willen

Duke University, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Boston - Research Department

Downloads 40 (579,625)

Abstract:

14.

The Rising Gap between Primary and Secondary Mortgage Rates

Economic Policy Review, Vol. 19, No. 2, 2013

Number of pages: 23 Posted: 13 Jan 2014

Andreas Fuster, Laurie S. Goodman, David O. Lucca, Laurel Madar, Linsey Molloy and Paul Willen

Ecole Polytechnique Fédérale de Lausanne, The Urban Institute - Housing Finance Policy Center, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Banks - Emerging Markets and International Affairs Group and Federal Reserve Bank of Boston - Research Department

Downloads 254 (167,175)

Citation 4

Abstract:

15.

Negative Equity and Foreclosure: Theory and Evidence

FRB of Boston Public Policy Discussion Paper No. 08-3

Number of pages: 36 Posted: 30 Jun 2008

Christopher L. Foote, Kristopher Gerardi and Paul Willen

Federal Reserve Bank of Boston, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Boston - Research Department

Downloads 250 (171,016)

Citation 87

Abstract:

16.

Educational Opportunity and Income Inequality

Downloads 234 (180,862)

Citation 11

2

Educational Opportunity and Income Inequality

FRB of Boston Public Policy Discussion Paper No. 04-5

Number of pages: 37 Posted: 04 Mar 2006

Igal Hendel, Joel Shapiro and Paul Willen

Northwestern University - Department of Economics, Universitat Pompeu Fabra - Faculty of Economic and Business Sciences and Federal Reserve Bank of Boston - Research Department

Downloads 175 (235,541)

Citation 2

Abstract:

Educational Opportunity and Income Inequality

NBER Working Paper No. w10879

Number of pages: 38 Posted: 29 Oct 2004 Last Revised: 25 Mar 2022

Paul Willen, Igal Hendel and Joel Shapiro

Federal Reserve Bank of Boston - Research Department, Northwestern University - Department of Economics and Universitat Pompeu Fabra - Faculty of Economic and Business Sciences

Downloads 59 (490,128)

Citation 1

Abstract:

17.

Reducing Foreclosures

FRB of Boston Public Policy Discussion Paper No. 09-2

Number of pages: 52 Posted: 21 May 2009

Christopher L. Foote, Kristopher Gerardi, Lorenz Goette and Paul Willen

Federal Reserve Bank of Boston, Federal Reserve Bank of Atlanta, University of Lausanne and Federal Reserve Bank of Boston - Research Department

Downloads 192 (217,165)

Citation 7

Abstract:

18.

Mortgage-Default Research and the Recent Foreclosure Crisis

Downloads 168 (244,779)

Citation 5

2

Mortgage-Default Research and the Recent Foreclosure Crisis

FRB of Boston Working Paper No. 17-13

Number of pages: 56 Posted: 05 Dec 2017 Last Revised: 06 Dec 2017

Christopher L. Foote and Paul Willen

Federal Reserve Bank of Boston and Federal Reserve Bank of Boston - Research Department

Downloads 168 (243,920)

Citation 5

Abstract:

Mortgage-Default Research and the Recent Foreclosure Crisis

Annual Review of Financial Economics, Vol. 10, pp. 59-100, 2018

Posted: 08 Nov 2018

Christopher L. Foote and Paul Willen

Federal Reserve Bank of Boston and Federal Reserve Bank of Boston - Research Department

Abstract:

19.

Mortgage Prepayment, Race, and Monetary Policy

Downloads 167 (244,779)

2

Mortgage Prepayment, Race, and Monetary Policy

Number of pages: 81 Posted: 09 Feb 2021

Kristopher Gerardi, Paul Willen and David Hao Zhang

Federal Reserve Bank of Atlanta, Federal Reserve Bank of Boston - Research Department and Harvard University

Downloads 132 (296,696)

Abstract:

Mortgage Prepayment, Race, and Monetary Policy

FRB Atlanta Working Paper No. 2020-22

Number of pages: 81 Posted: 20 Apr 2021

Kristopher Gerardi, Paul Willen and David Hao Zhang

Federal Reserve Bank of Atlanta, Federal Reserve Bank of Boston - Research Department and Harvard University

Downloads 35 (608,231)

Abstract:

20.

Collateralized Borrowing and Life-Cycle Portfolio Choice

Downloads 161 (252,498)

Citation 1

2

Collateralized Borrowing and Life-Cycle Portfolio Choice

FRB of Boston Working Paper No. 06-4, AFA 2007 Chicago Meetings Paper

Number of pages: 48 Posted: 17 Mar 2006

Paul Willen and Felix Kubler

Federal Reserve Bank of Boston - Research Department and University of Zurich

Downloads 129 (302,052)

Abstract:

Collateralized Borrowing and Life-Cycle Portfolio Choice

NBER Working Paper No. w12309

Number of pages: 49 Posted: 14 Jul 2006 Last Revised: 19 Feb 2022

Paul Willen and Felix Kubler

Federal Reserve Bank of Boston - Research Department and University of Zurich

Downloads 32 (626,670)

Abstract:

21.

Payment Size, Negative Equity, and Mortgage Default

Downloads 155 (260,456)

Citation 57

2

Payment Size, Negative Equity, and Mortgage Default

FRB of New York Staff Report No. 582

Number of pages: 61 Posted: 09 Dec 2012 Last Revised: 26 Jan 2015

Andreas Fuster and Paul Willen

Ecole Polytechnique Fédérale de Lausanne and Federal Reserve Bank of Boston - Research Department

Downloads 140 (283,511)

Citation 7

Abstract:

Payment Size, Negative Equity, and Mortgage Default

NBER Working Paper No. w19345

Number of pages: 67 Posted: 17 Aug 2013 Last Revised: 12 May 2022

Andreas Fuster and Paul Willen

Ecole Polytechnique Fédérale de Lausanne and Federal Reserve Bank of Boston - Research Department

Downloads 15 (760,778)

Citation 26

Abstract:

22.

$1.25 Trillion is Still Real Money: Some Facts About the Effects of the Federal Reserve’s Mortgage Market Investments

FRB of Boston Public Policy Discussion Paper No. 10-4

Number of pages: 55 Posted: 16 Oct 2010

Andreas Fuster and Paul Willen

Ecole Polytechnique Fédérale de Lausanne and Federal Reserve Bank of Boston - Research Department

Downloads 151 (266,033)

Citation 36

Abstract:

23.

Identifying the Effect of Securitization on Foreclosure and Modification Rates Using Early-Payment Defaults

Downloads 144 (276,428)

Citation 7

2

Identifying the Effect of Securitization on Foreclosure and Modification Rates Using Early-Payment Defaults

Federal Reserve Bank of Atlanta Working Paper Series No. 2010-8

Number of pages: 28 Posted: 06 May 2010 Last Revised: 30 May 2015

Manuel Adelino, Kristopher Gerardi and Paul Willen

Duke University, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Boston - Research Department

Downloads 78 (422,086)

Citation 6

Abstract:

What Explains Differences in Foreclosure Rates? A Response to Piskorski, Seru, and Vig

FRB of Boston Working Paper No. 10-2

Number of pages: 16 Posted: 06 May 2010

Manuel Adelino, Kristopher Gerardi and Paul Willen

Duke University, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Boston - Research Department

Downloads 66 (462,962)

Citation 3

Abstract:

24.

Incomplete Markets and Trade

Number of pages: 21 Posted: 13 Jan 2005

Paul Willen

Federal Reserve Bank of Boston - Research Department

Downloads 141 (280,888)

Citation 5

Abstract:

25.

Reducing Foreclosures: No Easy Answers

Downloads 128 (302,523)

Citation 21

2

Reducing Foreclosures: No Easy Answers

NBER Macroeconomics Annual, Vol. 24, 2009, Federal Reserve Bank of Atlanta Working Paper 2009-15

Number of pages: 53 Posted: 23 Aug 2009

Christopher L. Foote, Kristopher Gerardi, Lorenz Goette and Paul Willen

Federal Reserve Bank of Boston, Federal Reserve Bank of Atlanta, University of Lausanne and Federal Reserve Bank of Boston - Research Department

Downloads 89 (389,739)

Citation 12

Abstract:

Reducing Foreclosures: No Easy Answers

NBER Working Paper No. w15063

Number of pages: 54 Posted: 16 Jun 2009 Last Revised: 28 Feb 2021

Christopher L. Foote, Kristopher Gerardi, Lorenz Goette and Paul Willen

Federal Reserve Bank of Boston, Federal Reserve Bank of Atlanta, University of Lausanne and Federal Reserve Bank of Boston - Research Department

Downloads 39 (585,011)

Citation 4

Abstract:

26.

The Time-Varying Price of Financial Intermediation in the Mortgage Market

Downloads 122 (313,310)

Citation 11

3

The Time-Varying Price of Financial Intermediation in the Mortgage Market

FRB of NY Staff Report No. 805

Number of pages: 66 Posted: 20 Jan 2017 Last Revised: 31 Aug 2017

Andreas Fuster, Stephanie Lo and Paul Willen

Ecole Polytechnique Fédérale de Lausanne, Harvard University and Federal Reserve Bank of Boston - Research Department

Downloads 70 (448,688)

Citation 1

Abstract:

The Time-Varying Price of Financial Intermediation in the Mortgage Market

FRB of Boston Working Paper No. 16-28

Number of pages: 65 Posted: 17 Mar 2017 Last Revised: 30 Aug 2017

Andreas Fuster, Stephanie Lo and Paul Willen

Ecole Polytechnique Fédérale de Lausanne, Harvard University and Federal Reserve Bank of Boston - Research Department

Downloads 43 (563,457)

Abstract:

The Time-Varying Price of Financial Intermediation in the Mortgage Market

NBER Working Paper No. w23706

Number of pages: 66 Posted: 21 Aug 2017 Last Revised: 11 Apr 2021

Andreas Fuster, Stephanie Lo and Paul Willen

Ecole Polytechnique Fédérale de Lausanne, Harvard University and Federal Reserve Bank of Boston - Research Department

Downloads 9 (819,442)

Citation 3

Abstract:

27.

Why Did so Many People Make so Many Ex Post Bad Decisions? The Causes of the Foreclosure Crisis

Downloads 114 (328,725)

Citation 41

2

Why Did so Many People Make so Many Ex Post Bad Decisions? The Causes of the Foreclosure Crisis

FRB Atlanta Working Paper No. 2012-7

Number of pages: 62 Posted: 22 Mar 2015

Christopher L. Foote, Kristopher Gerardi and Paul Willen

Federal Reserve Bank of Boston, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Boston - Research Department

Downloads 64 (470,376)

Citation 1

Abstract:

Why Did so Many People Make so Many Ex Post Bad Decisions? the Causes of the Foreclosure Crisis

NBER Working Paper No. w18082

Number of pages: 63 Posted: 19 May 2012 Last Revised: 30 May 2021

Christopher L. Foote, Kristopher Gerardi and Paul Willen

Federal Reserve Bank of Boston, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Boston - Research Department

Downloads 50 (529,039)

Citation 5

Abstract:

28.

How Resilient is Mortgage Credit Supply? Evidence from the COVID-19 Pandemic

Downloads 98 (363,801)

5

How Resilient is Mortgage Credit Supply? Evidence from the COVID-19 Pandemic

Swiss Finance Institute Research Paper No. 21-41

Number of pages: 79 Posted: 29 Jul 2021

Andreas Fuster, Aurel Hizmo, Lauren Lambie-Hanson, James I. Vickery and Paul Willen

Ecole Polytechnique Fédérale de Lausanne, Board of Governors of the Federal Reserve System, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Boston - Research Department

Downloads 31 (633,205)

Abstract:

How Resilient is Mortgage Credit Supply? Evidence from the Covid-19 Pandemic

NBER Working Paper No. w28843

Number of pages: 77 Posted: 24 May 2021 Last Revised: 24 Apr 2022

Andreas Fuster, Aurel Hizmo, Lauren Lambie-Hanson, James I. Vickery and Paul Willen

Ecole Polytechnique Fédérale de Lausanne, Board of Governors of the Federal Reserve System, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Boston - Research Department

Downloads 31 (633,205)

Abstract:

How Resilient is Mortgage Credit Supply? Evidence from the Covid-19 Pandemic

FRB of Philadelphia Working Paper No. 21-20

Number of pages: 77 Posted: 02 Jun 2021 Last Revised: 23 Jul 2021

Andreas Fuster, Aurel Hizmo, Lauren Lambie-Hanson, James I. Vickery and Paul Willen

Ecole Polytechnique Fédérale de Lausanne, Board of Governors of the Federal Reserve System, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Boston - Research Department

Downloads 24 (684,037)

Abstract:

How Resilient is Mortgage Credit Supply? Evidence from the COVID-19 Pandemic

FEDS Working Paper No. 2021-48

Number of pages: 52 Posted: 10 Aug 2021 Last Revised: 07 Sep 2021

Andreas Fuster, Aurel Hizmo, Lauren Lambie-Hanson, James I. Vickery and Paul Willen

Ecole Polytechnique Fédérale de Lausanne, Board of Governors of the Federal Reserve System, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Boston - Research Department

Downloads 12 (789,456)

Abstract:

How Resilient is Mortgage Credit Supply? Evidence from the Covid-19 Pandemic

CEPR Discussion Paper No. DP16110

Number of pages: 78 Posted: 14 May 2021 Last Revised: 14 Jul 2021

Andreas Fuster, Aurel Hizmo, Lauren Lambie-Hanson, James I. Vickery and Paul Willen

Ecole Polytechnique Fédérale de Lausanne, Board of Governors of the Federal Reserve System, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Boston - Research Department

Downloads 0

Add to Cart

Abstract:

29.

Technological Innovation in Mortgage Underwriting and the Growth in Credit: 1985–2015

FRB of Cleveland Working Paper No. 18-16

Number of pages: 71 Posted: 14 Dec 2018

Christopher L. Foote, Lara Loewenstein and Paul Willen

Federal Reserve Bank of Boston, Federal Reserve Bank of Cleveland and Federal Reserve Bank of Boston - Research Department

Downloads 98 (363,801)

Citation 4

Abstract:

30.

A Proposal to Help Distressed Homeowners: A Government Payment-Sharing Plan

FRB of Boston Public Policy Brief No. 09-1

Number of pages: 11 Posted: 14 Jul 2009

Christopher L. Foote, Jeffrey C. Fuhrer, Eileen Mauskopf and Paul Willen

Federal Reserve Bank of Boston, Federal Reserve Bank of Boston, Board of Governors of the Federal Reserve System and Federal Reserve Bank of Boston - Research Department

Downloads 79 (414,417)

Citation 4

Abstract:

31.

A Profile of the Mortgage Crisis in a Low-and-Moderate-Income Community

FRB of Boston Public Policy Discussion Paper No. 10-6

Number of pages: 20 Posted: 16 Oct 2010

Lynn M. Fisher, Lauren Lambie-Hanson and Paul Willen

Mortgage Bankers Association, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Boston - Research Department

Downloads 77 (420,569)

Citation 4

Abstract:

32.

Social Security and Unsecured Debt

Downloads 75 (426,809)

Citation 9

2

Social Security and Unsecured Debt

FRB of Boston Public Policy Discussion Paper No. 04-10

Number of pages: 52 Posted: 04 Mar 2006

Erik Hurst and Paul Willen

University of Chicago - Booth School of Business and Federal Reserve Bank of Boston - Research Department

Downloads 48 (538,481)

Abstract:

Social Security and Unsecured Debt

NBER Working Paper No. w10282

Number of pages: 57 Posted: 01 Feb 2004 Last Revised: 05 Feb 2022

Erik Hurst and Paul Willen

University of Chicago - Booth School of Business and Federal Reserve Bank of Boston - Research Department

Downloads 27 (661,341)

Citation 2

Abstract:

33.

Can't Pay or Won't Pay?: Unemployment, Negative Equity, and Strategic Default

Downloads 67 (453,319)

Citation 48

2

Can't Pay or Won't Pay?: Unemployment, Negative Equity, and Strategic Default

FRB of Boston Working Paper No. 15-13

Number of pages: 81 Posted: 25 Nov 2015

Kristopher Gerardi, Kyle Herkenhoff, Lee E. Ohanian and Paul Willen

Federal Reserve Bank of Atlanta, University of Minnesota - Minneapolis, University of California, Los Angeles (UCLA) - Department of Economics and Federal Reserve Bank of Boston - Research Department

Downloads 38 (590,510)

Abstract:

Can&Apos;T Pay or Won&Apos;T Pay? Unemployment, Negative Equity, and Strategic Default

NBER Working Paper No. w21630

Number of pages: 74 Posted: 12 Oct 2015 Last Revised: 07 Feb 2021

Kristopher Gerardi, Kyle Herkenhoff, Lee E. Ohanian and Paul Willen

Federal Reserve Bank of Atlanta, University of Minnesota - Minneapolis, University of California, Los Angeles (UCLA) - Department of Economics and Federal Reserve Bank of Boston - Research Department

Downloads 29 (646,971)

Citation 24

Abstract:

34.

Cross-Sectional Patterns of Mortgage Debt During the Housing Boom: Evidence and Implications

Downloads 61 (475,078)

Citation 13

3

Cross-Sectional Patterns of Mortgage Debt During the Housing Boom: Evidence and Implications

FRB of Boston Working Paper No. 16-12

Number of pages: 53 Posted: 23 Nov 2016

Christopher L. Foote, Lara Loewenstein and Paul Willen

Federal Reserve Bank of Boston, Federal Reserve Bank of Cleveland and Federal Reserve Bank of Boston - Research Department

Downloads 27 (661,170)

Abstract:

Cross-Sectional Patterns of Mortgage Debt During the Housing Boom: Evidence and Implications

NBER Working Paper No. w22985

Number of pages: 81 Posted: 27 Dec 2016 Last Revised: 22 Apr 2022

Christopher L. Foote, Lara Loewenstein and Paul Willen

Federal Reserve Bank of Boston, Federal Reserve Bank of Cleveland and Federal Reserve Bank of Boston - Research Department

Downloads 21 (708,400)

Abstract:

Cross-Sectional Patterns of Mortgage Debt during the Housing Boom: Evidence and Implications

FRB of Cleveland Working Paper No. 19-19

Number of pages: 67 Posted: 18 Oct 2019

Christopher L. Foote, Lara Loewenstein and Paul Willen

Federal Reserve Bank of Boston, Federal Reserve Bank of Cleveland and Federal Reserve Bank of Boston - Research Department

Downloads 13 (779,952)

Citation 14

Abstract:

35.

Insuring Consumption Using Income-Linked Assets

Downloads 60 (478,861)

Citation 1

2

Insuring Consumption Using Income-Linked Assets

FRB of Boston Working Paper No. 10-1

Number of pages: 48 Posted: 09 Mar 2010

Andreas Fuster and Paul Willen

Ecole Polytechnique Fédérale de Lausanne and Federal Reserve Bank of Boston - Research Department

Downloads 47 (543,251)

Abstract:

Insuring Consumption Using Income-Linked Assets

NBER Working Paper No. w15829

Number of pages: 46 Posted: 22 Mar 2010 Last Revised: 03 Apr 2022

Andreas Fuster and Paul Willen

Ecole Polytechnique Fédérale de Lausanne and Federal Reserve Bank of Boston - Research Department

Downloads 13 (779,952)

Citation 1

Abstract:

36.

Decomposing the Foreclosure Crisis: House Price Depreciation versus Bad Underwriting

FRB Atlanta Working Paper No. 2009-25

Number of pages: 47 Posted: 23 Mar 2015

Kristopher Gerardi, Adam Hale Shapiro and Paul Willen

Federal Reserve Bank of Atlanta, Federal Reserve Bank of San Francisco and Federal Reserve Bank of Boston - Research Department

Downloads 56 (494,383)

Citation 21

Abstract:

37.

Technological Innovation in Mortgage Underwriting and the Growth in Credit, 1985–2015

FRB of Boston Working Paper No. 19-11

Number of pages: 49 Posted: 06 Dec 2019 Last Revised: 13 Dec 2019

Christopher L. Foote, Lara Loewenstein and Paul Willen

Federal Reserve Bank of Boston, Federal Reserve Bank of Cleveland and Federal Reserve Bank of Boston - Research Department

Downloads 49 (524,051)

Abstract:

38.

Do Borrower Rights Improve Borrower Outcomes? Evidence from the Foreclosure Process

Downloads 42 (557,067)

Citation 40

2

Do Borrower Rights Improve Borrower Outcomes? Evidence from the Foreclosure Process

FRB Atlanta Working Paper No. 2011-16a

Number of pages: 43 Posted: 22 Mar 2015

Kristopher Gerardi, Lauren Lambie-Hanson and Paul Willen

Federal Reserve Bank of Atlanta, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Boston - Research Department

Downloads 22 (700,439)

Citation 1

Abstract:

Do Borrower Rights Improve Borrower Outcomes? Evidence from the Foreclosure Process

NBER Working Paper No. w17666

Number of pages: 49 Posted: 17 Dec 2011 Last Revised: 10 Apr 2022

Kristopher Gerardi, Lauren Lambie-Hanson and Paul Willen

Federal Reserve Bank of Atlanta, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Boston - Research Department

Downloads 20 (716,847)

Citation 10

Abstract:

39.

Do Lenders Still Discriminate? A Robust Approach for Assessing Differences in Menus

Downloads 40 (567,252)

2

Do Lenders Still Discriminate? A Robust Approach for Assessing Differences in Menus

Number of pages: 59 Posted: 12 Feb 2021

David Hao Zhang and Paul Willen

Harvard University and Federal Reserve Bank of Boston - Research Department

Downloads 34 (613,952)

Abstract:

Do Lenders Still Discriminate? A Robust Approach for Assessing Differences in Menus

NBER Working Paper No. w29142

Number of pages: 61 Posted: 16 Aug 2021 Last Revised: 16 Feb 2022

David Hao Zhang and Paul Willen

Harvard University and Federal Reserve Bank of Boston - Research Department

Downloads 6 (850,620)

Add to Cart

Abstract:

40.

On the Gains to International Trade in Risky Financial Assets

NBER Working Paper No. w7796

Number of pages: 63 Posted: 19 Jul 2000 Last Revised: 22 Apr 2022

Steven J. Davis, Jeremy Nalewaik and Paul Willen

University of Chicago, Board of Governors of the Federal Reserve System and Federal Reserve Bank of Boston - Research Department

Downloads 37 (582,805)

Abstract:

41.

Internet Appendix: How Resilient is Mortgage Credit Supply? Evidence from the COVID-19 Pandemic

Number of pages: 26 Posted: 20 Jul 2021

Andreas Fuster, Aurel Hizmo, Lauren Lambie-Hanson, James I. Vickery and Paul Willen

Ecole Polytechnique Fédérale de Lausanne, Federal Reserve Board, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Boston - Research Department

Downloads 35 (594,030)

Abstract:

42.

Foreclosure Externalities: Some New Evidence

Downloads 33 (605,399)

Citation 48

2

Foreclosure Externalities: Some New Evidence

NBER Working Paper No. w18353

Number of pages: 47 Posted: 08 Sep 2012 Last Revised: 24 Feb 2022

Kristopher Gerardi, Eric Rosenblatt, Paul Willen and Vincent Yao

Federal Reserve Bank of Atlanta, Federal National Mortgage Association (Fannie Mae) - Research, Federal Reserve Bank of Boston - Research Department and Georgia State University - J. Mack Robinson College of Business

Downloads 19 (725,300)

Citation 18

Abstract:

Foreclosure Externalities: Some New Evidence

FRB Atlanta Working Paper No. 2012-11

Number of pages: 46 Posted: 22 Mar 2015

Kristopher Gerardi, Eric Rosenblatt, Paul Willen and Vincent Yao

Federal Reserve Bank of Atlanta, Federal National Mortgage Association (Fannie Mae) - Research, Federal Reserve Bank of Boston - Research Department and Georgia State University - J. Mack Robinson College of Business

Downloads 14 (770,250)

Citation 1

Abstract:

43.

Evaluating the Benefits of a Streamlined Refinance Program

Downloads 23 (671,475)

2

Evaluating the Benefits of a Streamlined Refinance Program

FRB of Cleveland Working Paper No. 20-21

Number of pages: 24 Posted: 08 Jul 2020

Kristopher Gerardi, Lara Loewenstein and Paul Willen

Federal Reserve Bank of Atlanta, Federal Reserve Bank of Cleveland and Federal Reserve Bank of Boston - Research Department

Downloads 13 (779,695)

Abstract:

Evaluating the Benefits of a Streamlined Refinance Program

Federal Reserve Bank of Boston Research Paper Series Current Policy Perspectives Paper No. 89267

Number of pages: 24 Posted: 31 Dec 2020

Kristopher Gerardi, Lara Loewenstein and Paul Willen

Federal Reserve Bank of Atlanta, Federal Reserve Bank of Cleveland and Federal Reserve Bank of Boston - Research Department

Downloads 10 (809,124)

Abstract:

44.

Evaluating Policies to Prevent Another Crisis: An Economist's View

NBER Working Paper No. w20100

Number of pages: 40 Posted: 14 May 2014 Last Revised: 04 Jun 2022

Paul Willen

Federal Reserve Bank of Boston - Research Department

Downloads 12 (761,183)

Abstract:

45.

The Role of Proximity in Foreclosure Externalities: Evidence from Condominiums

NBER Working Paper No. w20080

Number of pages: 36 Posted: 28 Apr 2014 Last Revised: 15 May 2022

Lynn M. Fisher, Lauren Lambie-Hanson and Paul Willen

Mortgage Bankers Association, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Boston - Research Department

Downloads 5 (827,958)

Citation 4

Abstract:

46.

Insuring Consumption Using Income-Linked Assets

FRB of Boston Working Paper No. 10-1

Posted: 12 Jul 2021 Last Revised: 11 Jul 2021

Andreas Fuster and Paul Willen

Ecole Polytechnique Fédérale de Lausanne and Federal Reserve Bank of Boston - Research Department

Abstract:

47.

Racial Differences in Mortgage Refinancing, Distress, and Housing Wealth Accumulation During COVID-19

FRB of Philadelphia Payment Cards Center Discussion Paper No. 21-2

Posted: 09 Jul 2021 Last Revised: 30 Apr 2022

Kristopher Gerardi, Lauren Lambie-Hanson and Paul Willen

Federal Reserve Bank of Atlanta, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Boston - Research Department

Abstract:

48.

Identifying the Effect of Securitization on Foreclosure and Modification Rates Using Early Payment Defaults

Journal of Real Estate Finance and Economics, Vol. 49, No. 3, 2014

Posted: 03 Oct 2014

Manuel Adelino, Kristopher Gerardi and Paul Willen

Duke University, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Boston - Research Department

Abstract:

49.

Educational Opportunity and the College Premium

Posted: 11 Sep 2002

Igal Hendel, Joel Shapiro and Paul Willen

Northwestern University - Department of Economics, Universitat Pompeu Fabra - Faculty of Economic and Business Sciences and Federal Reserve Bank of Boston - Research Department

Paul Willen

Federal Reserve Bank of Boston - Research Department

National Bureau of Economic Research (NBER)

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Scholarly Papers (49)

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How Resilient is Mortgage Credit Supply? Evidence from the Covid-19 Pandemic

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