Is the change in third-party debt collectors' law affecting the riskiness of single-family mortgages?
Autor(a) principal: | |
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Data de Publicação: | 2023 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.14/42229 |
Resumo: | This paper performs an event study on the states in the United States of America with the most significant increase or decrease in third-party debt collector laws between 2000 and 2016 and observes whether this affects the riskiness related to single-family mortgages. This study utilizes a large panel data set of single-family mortgage loans from Fannie Mae. It employs a difference-in-difference strategy to examine the effect of change in debt collection legislation across five states and estimates the year-by-year effects. The analysis compares one law change from each of the states, Idaho, Colorado, North Dakota, Tennessee, and Connecticut. And further, compare data using the adjacent states which did not experience a law change in the two years prior and the two years after the legal changes as control variables. The findings of the study provide suggestive evidence of the effect of a legal change on the riskiness of mortgages. Still, no clear difference was observed between laws being loosened or tightened. |
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Is the change in third-party debt collectors' law affecting the riskiness of single-family mortgages?Mortgage loansThird-party debt collector agenciesDebt collector legislationDebt collectionRiskHipotecasAgências de cobrança de dívidas de terceirosLegislação sobre cobrança de dívidasCobrança de dívidasRiscoDomínio/Área Científica::Ciências Sociais::Economia e GestãoThis paper performs an event study on the states in the United States of America with the most significant increase or decrease in third-party debt collector laws between 2000 and 2016 and observes whether this affects the riskiness related to single-family mortgages. This study utilizes a large panel data set of single-family mortgage loans from Fannie Mae. It employs a difference-in-difference strategy to examine the effect of change in debt collection legislation across five states and estimates the year-by-year effects. The analysis compares one law change from each of the states, Idaho, Colorado, North Dakota, Tennessee, and Connecticut. And further, compare data using the adjacent states which did not experience a law change in the two years prior and the two years after the legal changes as control variables. The findings of the study provide suggestive evidence of the effect of a legal change on the riskiness of mortgages. Still, no clear difference was observed between laws being loosened or tightened.Este artigo realiza um estudo de evento sobre os estados nos Estados Unidos da América com o aumento ou diminuição mais significativo nas leis de cobrança de dívidas de terceiros entre 2000 e 2016 e observa se isso afeta o risco relacionado com hipotecas unifamiliares. Este estudo utiliza um grande conjunto de dados de painel de empréstimos hipotecários unifamiliares da Fannie Mae. Ele emprega uma estratégia de diferences-in-diferences para examinar o efeito da mudança na legislação de cobrança de dívidas em cinco estados e estima os efeitos ano a ano. A análise compara uma mudança na lei de cada um dos estados, Idaho, Colorado, Dakota do Norte, Tennessee e Connecticut. Além disso, compara os dados usando estados adjacentes que não experimentaram uma mudança na lei nos dois anos anteriores e nos dois anos seguintes às mudanças legais comogrupo de controlo. Os resultados do estudo fornecem evidências sugestivas do efeito de uma mudança legal na aversão ao risco de hipotecas, mas não foi observada nenhuma diferença clara entre leis sendo flexibilizadas ou restringidasCerqueiro, Geraldo Manuel AlvesVeritati - Repositório Institucional da Universidade Católica PortuguesaDybesland, Hege Gullestad2023-09-08T07:29:39Z2023-05-032023-042023-05-03T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/42229TID:203299680enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-09-12T01:39:47Zoai:repositorio.ucp.pt:10400.14/42229Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T20:28:57.892445Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Is the change in third-party debt collectors' law affecting the riskiness of single-family mortgages? |
title |
Is the change in third-party debt collectors' law affecting the riskiness of single-family mortgages? |
spellingShingle |
Is the change in third-party debt collectors' law affecting the riskiness of single-family mortgages? Dybesland, Hege Gullestad Mortgage loans Third-party debt collector agencies Debt collector legislation Debt collection Risk Hipotecas Agências de cobrança de dívidas de terceiros Legislação sobre cobrança de dívidas Cobrança de dívidas Risco Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
Is the change in third-party debt collectors' law affecting the riskiness of single-family mortgages? |
title_full |
Is the change in third-party debt collectors' law affecting the riskiness of single-family mortgages? |
title_fullStr |
Is the change in third-party debt collectors' law affecting the riskiness of single-family mortgages? |
title_full_unstemmed |
Is the change in third-party debt collectors' law affecting the riskiness of single-family mortgages? |
title_sort |
Is the change in third-party debt collectors' law affecting the riskiness of single-family mortgages? |
author |
Dybesland, Hege Gullestad |
author_facet |
Dybesland, Hege Gullestad |
author_role |
author |
dc.contributor.none.fl_str_mv |
Cerqueiro, Geraldo Manuel Alves Veritati - Repositório Institucional da Universidade Católica Portuguesa |
dc.contributor.author.fl_str_mv |
Dybesland, Hege Gullestad |
dc.subject.por.fl_str_mv |
Mortgage loans Third-party debt collector agencies Debt collector legislation Debt collection Risk Hipotecas Agências de cobrança de dívidas de terceiros Legislação sobre cobrança de dívidas Cobrança de dívidas Risco Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Mortgage loans Third-party debt collector agencies Debt collector legislation Debt collection Risk Hipotecas Agências de cobrança de dívidas de terceiros Legislação sobre cobrança de dívidas Cobrança de dívidas Risco Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
This paper performs an event study on the states in the United States of America with the most significant increase or decrease in third-party debt collector laws between 2000 and 2016 and observes whether this affects the riskiness related to single-family mortgages. This study utilizes a large panel data set of single-family mortgage loans from Fannie Mae. It employs a difference-in-difference strategy to examine the effect of change in debt collection legislation across five states and estimates the year-by-year effects. The analysis compares one law change from each of the states, Idaho, Colorado, North Dakota, Tennessee, and Connecticut. And further, compare data using the adjacent states which did not experience a law change in the two years prior and the two years after the legal changes as control variables. The findings of the study provide suggestive evidence of the effect of a legal change on the riskiness of mortgages. Still, no clear difference was observed between laws being loosened or tightened. |
publishDate |
2023 |
dc.date.none.fl_str_mv |
2023-09-08T07:29:39Z 2023-05-03 2023-04 2023-05-03T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.14/42229 TID:203299680 |
url |
http://hdl.handle.net/10400.14/42229 |
identifier_str_mv |
TID:203299680 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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