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literature recognizes the substantial lag between the time that a borrower stops making payments on a mortgage and the …
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the Federal Home Ownership and Equity Protection Act (HOEPA) by including home purchase and open-end mortgage credit, by …
Persistent link: https://www.econbiz.de/10002956726
whether delinquency has any predictive power of the future performance of a mortgage. Using a sample of subprime mortgages …
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"This paper studies strategic asset allocation and consumption choice in the presence of regime switching in asset returns. We find evidence that four separate regimes - characterized as crash, slow growth, bull and recovery states - are required to capture the joint distribution of stock and...
Persistent link: https://www.econbiz.de/10002917579
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"This paper investigates the behavior of short-term real and nominal rates of interest by combining consumption-based and production-based models into a single general equilibrium framework. Based on the theoretical nonlinear relationships that link interest rates to both the marginal rates of...
Persistent link: https://www.econbiz.de/10002977395
’s housing finance decision. The model suggests that the mortgage structure preferred by a household is dependent on age and …The objective of this paper is to understand how loan structure affects (i) the borrower’s selection of a mortgage … contract and (ii) the aggregate economy. We develop a quantitative equilibrium theory of mortgage choice where households can …
Persistent link: https://www.econbiz.de/10005360578