Recourse and Residential Mortgage Default: Evidence from US States
Andra C. Ghent; Marianna Kudlyak · 2011 · Review of Financial Studies
WASTE classifies this as Negative / Null Result Report · AI classification, approximate
The study found no significant effect — useful as a negative control or null benchmark for your own design.
Abstract (excerpt)
We quantify the effect of recourse on default and find that recourse affects default by lowering the borrower's sensitivity to negative equity. At the mean value of the default option for defaulted loans, borrowers are 30% more likely to…
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Metadata source: OpenAlex · DOI 10.1093/rfs/hhr055