simulation suggests that the amortization scheme known as SAC for the mortgage system is a better choice in nearly two-thirds of … should acknowledge this level of uncertainty by including explicit mortgage renegotiations within shorter periods. …

of macroprudential instruments addressing mortgage credit. The model compares the introduction of a loan-to-value ratio …

Homeownership rates differ widely across European countries. We document that part of this variation is driven by … homeownership rates per household, homeownership rates per individual are very similar during the first part of the life cycle. To …

This paper presents a framework for estimating losses in the residential real estate mortgage portfolios of German … a structural PVAR approach. We confirm empirically that foreclosure rates are rising with the unemployment rate and are …-trigger hypothesis of mortgage defaults. In order to analyse the possible credit losses stemming from residential mortgage lending we …