Chenxi Luo

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This paper studies a largely overlooked and important segment of the mortgage market in explaining the recent financial crisis—the condominium loan market, which experienced a 15fold increase in origination and constituted 15% of the overall residential loan originations from 2001 to 2007. Condominium loan defaults grow at a faster rate than single family(More)
We document increased ruthlessness of mortgage default option exercise over the financial crisis and beyond. For a given level of negative equity, borrower propensity to default rose markedly over the 2007 – 2012 period and among hard-hit metropolitan areas. We show that elevated default option exercise was more salient to crisis-period defaults than were(More)
Since the introduction of the Green Mark Scheme in Singapore in January 2005, more than 650 projects have been awarded the Green Mark Award. In fact, from 2008, all new buildings must achieve the mandatory standard of a certified green building. However, the challenge is how to convert the existing stock of buildings in order for them to achieve the green(More)
In cloud storage systems, the index system, which maps a queried item to its storage location, is a key component. Due to the limited space in the storage nodes, it requires to compact the index for fast response. Moreover, since the index may be published on many nodes of the system, the privacy of the nodes' ownership information needs to be protected. In(More)
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