Automated Author Profile

Morrison, Edward

Current S-Index

3.7

Sum of Dataset Indices for all datasets

Average Dataset Index per Dataset

1.8

Average Dataset Index per dataset

Total Datasets

2

Total datasets for this author

Average FAIR Score

69.2%

Average FAIR Score per dataset

Total Citations

2

Total citations to the author's datasets

Total Mentions

0

Total mentions of the author's datasets

S-Index Interpretation

S-Index Over Time

Cumulative Citations Over Time

Cumulative Mentions Over Time

Datasets

Replication data for: Mortgage Modification and Strategic Behavior: Evidence from a Legal Settlement with Countrywide (Version: 1)

We investigate whether homeowners respond strategically to news of mortgage modification programs. We exploit plausibly exogenous 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. Using a difference-in-difference framework, we find that Countrywide's monthly delinquency rate increased more than 0.54 percentage points—a ten percent relative increase—immediately after the settlement's announcement. The estimated increase in default rates is largest among borrowers least likely to default otherwise. These results suggest that strategic behavior should be an important consideration in designing mortgage modification programs. (JEL D10, G21, G33, K00)

Authors

  • Mayer, Christopher ;
  • Morrison, Edward ;
  • Piskorski, Tomasz ;
  • Gupta, Arpit
1 Citation0 Mentions69% FAIR1.8 Dataset Index
10.3886/e116130v1January 2014

Replication data for: Mortgage Modification and Strategic Behavior: Evidence from a Legal Settlement with Countrywide (Version: V0)

We investigate whether homeowners respond strategically to news of mortgage modification programs. We exploit plausibly exogenous 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. Using a difference-in-difference framework, we find that Countrywide's monthly delinquency rate increased more than 0.54 percentage points—a ten percent relative increase—immediately after the settlement's announcement. The estimated increase in default rates is largest among borrowers least likely to default otherwise. These results suggest that strategic behavior should be an important consideration in designing mortgage modification programs. (JEL D10, G21, G33, K00)

Authors

  • Mayer, Christopher ;
  • Morrison, Edward ;
  • Piskorski, Tomasz ;
  • Gupta, Arpit
1 Citation0 Mentions69% FAIR1.8 Dataset Index
10.3886/e116130January 2014