towards mortgage indebtedness. We find that a given debt burden creates much higher distress in countries with fewer mortgage … holders relative to countries where a significant part of households uses mortgage debt. This effect is net of ppp …

provide a down payment. After signing the mortgage contract, the agent may strategically default and move into the rental … losses due to default on a mortgage. As a result, mortgage value and amount of leverage are closely linked. An alternative is … that the agent is indifferent ex ante between owning with a mortgage and renting. Three main results arise. First, the …

Mortgages constitute the largest part of household debt. An essential choice when taking out a mortgage is between …-country study has analyzed what determines household demand for mortgage types, a task that this paper takes up using new data for … exercise to identify how the easing of monetary policy during the financial crisis affected mortgage holders. It shows that the …

real house price, residential investment and mortgage debt on the two sides of the Atlantic. Then, it presents evidence …

towards mortgage indebtedness. We find that a given debt burden creates much higher distress in countries with fewer mortgage … holders relative to countries where a significant part of households uses mortgage debt. This effect is net of ppp …

bankruptcy on account of unpaid medical bills. The bias is further stronger for households with mortgage finance, shorter house …