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Record W2258925744

Mortgage Property Rights and Post-Default Incentives

2004· article· en· W2258925744 on OpenAlexaboutno aff
Charles A. Capone, Albert Metz

Bibliographic record

VenueSSRN Electronic Journal · 2004
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicHousing Market and Economics
Canadian institutionsnot available
Fundersnot available
KeywordsForeclosureIncentiveReal estateBusinessForbearanceOrder (exchange)Actuarial scienceEconomicsFinanceMicroeconomics
DOInot available

Abstract

fetched live from OpenAlex

This research explores effective (economic) property rights granted to contractual parties when a home mortgage is in default. We build upon an existing literature that describes incentives to lenders and borrowers to pursue or prevent foreclosure of borrower rights to the underlying real estate. Ostensibly, consumer protection laws in this area are designed to re-balance rights and bargaining positions of lender and borrower in order to increase the probability of home retention, post-default. Our empirical analysis uses FHA-insured mortgages in the U.S. and confirms results of earlier research, namely, that longer foreclosure times, if anything, encourage more rather than fewer foreclosure completions. Longer foreclosure times may increase the incentives of lenders to avoid foreclosure but not enough to offset the financial incentives provided to home owners to extract service value from the real estate. In our discussion of foreclosure law we compare typical timelines and procedures used in Canada with those in the U.S.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.007
metaresearch head score (Gemma)0.039
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: Theoretical or conceptual
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.014
Threshold uncertainty score0.046

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0070.039
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0010.001
Science and technology studies0.0010.002
Scholarly communication0.0020.004
Open science0.0010.001
Research integrity0.0020.002
Insufficient payload (model declined to judge)0.0140.001

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.009
GPT teacher head0.191
Teacher spread0.182 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designTheoretical or conceptual
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations1
Published2004
Admission routes1
Has abstractyes

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