Registry › XF-HLR8KAZ-2
XF-HLR8KAZ-2
Research / Academic Paper ACTIVE

California wildfires, property damage, and mortgage repayment

Abstract Only — The full paper PDF is not available in the registry. This XFID was minted from the paper's title, authors, and year. Where available, an abstract is provided below; the link to the publisher's record is canonical.

Abstract

This paper examines wildfires' impact on mortgage repayment using novel data that combines property-level damages and mortgage performance data.We find that 90-day delinquencies were 4 percentage points higher and prepayments were 16 percentage points higher for properties that were damaged by wildfires compared to properties 1 to 2 miles outside of the wildfire, which suggests higher risks to mortgage markets than found in previous studies.We find no significant changes in delinquency or prepayment for undamaged properties inside a wildfire boundary.Prepayments are not driven by increased sales or refinances, suggesting insurance claims drive prepayment.We provide evidence that underinsurance may force borrowers to prepay instead of rebuild.

Source: resolved

Document Metadata

Issuer
Elsevier (Journal of Financial Economics)
Document Type
Research / Academic Paper
Publication Year
2023
Retrieved
5 May 2026
Source
doi.org
Record ID
XFHLR8KAZ2
Validation
Inferred by XFID

Topics

Physical Climate RiskReal Estate Finance

Cites (1)

Works cited in this paper's bibliography that are themselves in the XFID registry.

Cited by (1)

Other RESEARCH documents in the registry that cite this work.

How to Cite This Record

Use the XFID in citations to create a stable, permanent reference that resolves to this registry entry regardless of the source URL.

Academic / report citation
Elsevier (Journal of Financial Economics) (2023). California wildfires, property damage, and mortgage repayment. XFID: XF-HLR8KAZ-2. Retrieved from https://xframework.id/XFHLR8KAZ2
Identifier only
XF-HLR8KAZ-2