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Everything you always wanted to know about reverse mortgages but were afraid to ask

Nakajima, Makoto - In: Business Review (2012) Q1, pp. 19-31

lately, it’s possible that many people still aren’t sure about what reverse mortgages really are. This is not surprising …, since reverse mortgages are a relatively new type of mortgage loan. Although reverse mortgages are currently used by only a … reverse mortgage loans and how they are used and compares the pros and cons of these mortgages. …

Persistent link: https://www.econbiz.de/10010722959

The economics of household leveraging and deleveraging

Li, Wenli; Patwari, Susheela - In: Business Review (2012) Q3, pp. 9-17

Since the start of the financial crisis of 2007-09, a historically large number of household loans have become delinquent and residential houses have been foreclosed. This situation, coupled with households actively paying down their debt or cutting down on new borrowing, marked the beginning of...

Persistent link: https://www.econbiz.de/10010722962

Summary of workshop on recent developments in consumer credit and payments

Berlin, Mitchell - In: Business Review (2010) Q1, pp. 31-38

On September 24-25, 2009, the Research Department and the Payment Cards Center of the Federal Reserve Bank of Philadelphia held their fifth joint conference to present and discuss the latest research on consumer credit and payments. Sixty participants attended the conference, which included...

Persistent link: https://www.econbiz.de/10008616926

What have we learned about mortgage default?

Elul, Ronel - In: Business Review (2010) Q4, pp. 12-19

By the end of 2009, one out of every 11 mortgages was seriously delinquent or in foreclosure. Economists have devoted …

Persistent link: https://www.econbiz.de/10008764351

Moving up: trends in homeownership and mortgage indebtedness.

Li, Wenli - In: Business Review (2005) Q1, pp. 26-34

Since the mid-1980s, important developments have taken place in the housing finance system. In the 1990s, the U.S. economy experienced the longest expansion in its history, marked by substantial growth in household income and wealth. In addition, Congress passed the Tax Reform Act of 1986 and...

Persistent link: https://www.econbiz.de/10004967445

The mortgage market: a place for ceilings

Peters, Helen Frame - In: Business Review (1977) Jul, pp. 13-21

Persistent link: https://www.econbiz.de/10005025387

What you don’t know can hurt you: keeping track of risks in the financial system

Nakamura, Leonard - In: Business Review (2013) Q1, pp. 21-29

understanding and monitoring the risk of the broad range of financial instruments, focusing on residential mortgages as an example. …

Persistent link: https://www.econbiz.de/10010725094

Brewing bubbles: how mortgage practices intensify housing booms

Nakamura, Leonard I. - In: Business Review (2014) 1, pp. 16-24

Even before the Great Recession, housing market bubbles have been associated with severe financial crises around the world. Why do these booms and busts occur? Leonard Nakamura explains that part of the answer may lie with how mortgage lending practices appear to respond to rising and falling...

Persistent link: https://www.econbiz.de/10010747502

Information externalities: why lending may sometimes need a jump start

Nakamura, Leonard I. - In: Business Review (1993) Jan, pp. 3-14

Persistent link: https://www.econbiz.de/10004967388

Residential mortgage default

Elul, Ronel - In: Business Review (2006) Q3, pp. 21-30

the default risk inherent in home mortgages and how default risk and house prices are related. He also applies these …

Persistent link: https://www.econbiz.de/10004967389