Mortgage Meltdown : Default Sensitivity to Declining Home Values and Loan-to-Value Ratios

The current study investigates the recent mortgage crisis to determine whether deteriorating aggregate loan-to-value (LTV) ratios resulted in more acute default responses to depreciating home prices. We find evidence that default rates did not behave erratically or disproportionately to falling housing values during the subprime crisis, but we found some proof that the aggregate LTV ratio was associated with increased foreclosure rate volatility

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Year of publication:	2012
Authors:	Schindler, Yannick
Other Persons:	Laux, Judith A. (contributor)
Publisher:	[2012]: [S.l.] : SSRN
Subject:	Hypothek \| Mortgage \| Kreditrisiko \| Credit risk \| Immobilienpreis \| Real estate price \| Immobilienfinanzierung \| Real estate finance \| Insolvenz \| Insolvency \| Finanzkrise \| Financial crisis

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Extent:	1 Online-Ressource (9 p)
Series:	Colorado College Working Paper ; No. 2012-04
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 10, 2012 erstellt
Other identifiers:	10.2139/ssrn.2055857 [DOI]
Classification:	G21 - Banks; Other Depository Institutions; Mortgages ; R2 - Household Analysis
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013106711