Area: Finance

Home with an auction sign on the lawn
Research Brief / Home Mortgages

Some Homeowners Pay Their Underwater Mortgages Until the Government Offers a Better Option

Federal loan modification program led borrowers to default

Screen grab of bank website
Research Brief / Mortgage Lending

Local-Level Mortgage Lending: How Competition Pushes Rates Higher, Not Lower

A study finds unexpected impact when a disruptive player enters market

Illustration balance of risk and reward on a scale
Research Brief / Stock Returns

The Strange Case of the Missing Stock Market Return

Investors in leveraged companies take on extra risk, but research indicates they see no offsetting return

Stack of papers in folders
Research Brief / Home Mortgages

Clues to the Market When Mortgage Originators Delay Securitization

With high-quality borrowers hard to judge from afar, Alt-A market offers quiet signal on creditworthiness

Earnings statement
Research Brief / Wealth Inequality

Largest Firms’ Stock Gains Skew Big Picture on Worker-Owner Income Division

Wage earners get larger (relative) share at smaller companies, not at giants like Apple, Alphabet and Amazon