Mortgage Modification

Mortgage Modification is a legal mechanism within mortgage law that alters the original terms of a mortgage contract, such as interest rate, loan duration, or principal amount, to enhance borrower affordability and avoid foreclosure, thereby distinguishing it from refinancing or loan forgiveness by preserving the core creditor-debtor relationship while adjusting specific contractual obligations.

Publications

3.1K

Citations

Authors

Institutions

Publications per year

2017–2026

Variants

Loan ModificationModification Of MortgagesMortgage Modifications

Parents

Mortgage Law

Children

Adjustable-rate Mortgage ModificationBalloon Payment RestructuringBankruptcy Mortgage ModificationBorrower Eligibility StandardsContractual Enforceability Of ModificationsFixed-rate ConversionGse Modification StandardsHardship CriteriaInterest Rate ModificationJudicial Mortgage Modification

Publications

Mortgage Market Design*

John Y. Campbell · European Finance Review · 2012 · 224 citations · Full text

Business, Economics, Finance +15

Why don't Lenders renegotiate more home mortgages? Redefaults, self-cures and securitization

Manuel Adelino, Kristopher Gerardi, Paul Willen · Journal of Monetary Economics · 2013 · 215 citations

Business, Finance, Banking +16

Mortgage Modification and Strategic Behavior: Evidence from a Legal Settlement with Countrywide

Christopher Mayer, Edward R. Morrison, Tomasz Piskorski et al. · American Economic Review · 2014 · 213 citations · Full text

Business, Finance, Real Estate +16

Liquidity versus Wealth in Household Debt Obligations: Evidence from Housing Policy in the Great Recession

Peter Ganong, Pascal Noel · American Economic Review · 2020 · 202 citations

Social Sciences, Economics, Finance +17

Efficient Credit Policies in a Housing Debt Crisis

Janice Eberly, Arvind Krishnamurthy · Brookings Papers on Economic Activity · 2014 · 132 citations · Full text

Business, Finance, Public Finance +17

1–5 of 69

Authors

KG
Kristopher Gerardi
Federal Reserve Bank of Atlanta, United States
8 publications · 573 citations
8
h-index
TP
Tomasz Piskorski
Columbia University, United States
7 publications · 513 citations
7
h-index
PW
Paul Willen
Federal Reserve Bank of Boston, United States
7 publications · 538 citations
7
h-index
ER
Edward R. Morrison
University of Chicago, United States
5 publications · 376 citations
5
h-index
JM
J. Michael Collins
University of Wisconsin–Madison, United States
5 publications · 98 citations
5
h-index

1–5 of 87

Institutions

1–8 of 71

Venues

SSRN Electronic Journal
Repository · 23 publications · 617 citations
14
h-index
RePEc: Research Papers in Economics
Repository · 5 publications · 134 citations
5
h-index
Review of Financial Studies
4 publications · 218 citations
4
h-index
National Bureau of Economic Research
Repository · 3 publications · 174 citations
3
h-index
Journal of Financial and Quantitative Analysis
JFQA · 2 publications · 28 citations
2
h-index

1–5