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Spain; Financial Sector Assessment Program: Technical Note: Housing Prices, Household Debt, and Financial Stability
International Monetary Fund (IMF); International … - 2006
This report reviews the macroeconomic determinants of the rapid growth in the Spanish housing market, including various policy elements. It examines the vulnerabilities of households' finances as a result of the rapid growth of housing prices and mortgage debt. It also describes the Spanish...
Persistent link: https://www.econbiz.de/10011244584
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Denmark; Financial Sector Assessment Program: Technical Note: The Danish Mortgage Market: A Comparative Analysis
International Monetary Fund (IMF); International … - 2007
This technical note presents a comparative analysis of the Danish Mortgage Market. It discusses the particularities of the regulatory framework of the Danish mortgage system. The note compares and contrasts mortgage financing in Denmark and in other European countries, looking both at the...
Persistent link: https://www.econbiz.de/10011245042
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Foreclosure Mitigation Efforts in the United States; Approaches and Challenges
Klyuev, Vladimir; Kiff, John - International Monetary Fund (IMF) - 2009
of features of the mortgage finance system often prevent loan modifications. This paper reviews the impediments to …
Persistent link: https://www.econbiz.de/10011245863
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Policies for Macrofinancial Stability; Options to Deal with Real Estate Booms
Dell'Ariccia, Giovanni; Rabanal, Pau; Crowe, Christopher W. - International Monetary Fund (IMF) - 2011
DISCLAIMER: This Staff Discussion Note represents the views of the authors and does not necessarily represent IMF views or IMF policy. The views expressed herein should be attributed to the authors and not to the IMF, its Executive Board, or its management. Staff Discussion Notes are published...
Persistent link: https://www.econbiz.de/10011245885
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Housing Finance and Mortgage-Backed Securities in Mexico
Zanforlin, L.; Espinosa-Vega, Marco A - International Monetary Fund (IMF) - 2008
This paper reviews the Mexican experience with the securitization of residential mortgages. It highlights the key …
Persistent link: https://www.econbiz.de/10005248322
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An Investigation of Some Macro-Financial Linkages of Securitization
Long, Xin; Goswami, Mangal; Jobst, Andreas - International Monetary Fund (IMF) - 2009
Policy-makers have attributed the scale of the credit crisis and its profound impact on money markets (as well as financial sector stability) to the fast rise of securitization and the way it has arguably complicated both the conduct of monetary policy and the effect of interest rate...
Persistent link: https://www.econbiz.de/10005263753
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Is Housing Wealth An 'ATM'? the Relationship Between Household Wealth, Home Equity withdrawal, and Saving Rates
Klyuev, Vladimir; Mills, Paul S. - International Monetary Fund (IMF) - 2006
This paper examines the role increasing personal wealth and home equity withdrawal (HEW) have had in the decline in the personal saving rate in the United States. It does so by comparing the U.S. experience with those of Australia, Canada, and the United Kingdom. Mortgage market liberalization...
Persistent link: https://www.econbiz.de/10005263776
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Home Sweet Home; Government's Role in Reaching the American Dream
Tsounta, Evridiki - International Monetary Fund (IMF) - 2011
analyzes the role of tax deductions in housing finance, including their impact on homeownership and housing consumption. The …
Persistent link: https://www.econbiz.de/10009293771
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Do Loan-To-Value and Debt-To-Income Limits Work? Evidence From Korea
Igan, Deniz; Kang, Heedon - International Monetary Fund (IMF) - 2011
With another real estate boom-bust bringing woes to the world economy, a quest for a better policy toolkit to deal with these boom-busts has begun. Macroprudential measures could be in such a toolkit. Yet, we know very little about their impact. This paper takes a step to fill this gap by...
Persistent link: https://www.econbiz.de/10009401203
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Securitization and the fixed-rate mortgage
Fuster, Andreas; Vickery, James - Federal Reserve Bank of New York - 2013
Fixed-rate mortgages (FRMs) dominate the U.S. mortgage market, with important consequences for household risk … freezes, the share of FRMs is sharply higher among mortgages eligible to be securitized through the still-liquid agency MBS … rate risk embedded in these loans. We highlight policy implications for ongoing reform of the U.S. mortgage finance system. …
Persistent link: https://www.econbiz.de/10010604287