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Debt, Jobs, or Housing : What's Keeping Millennials at Home?
Bleemer, Zachary - 2014
of roommates. Coupledom, however, appears stable. Homeownership at age thirty shows a precipitous drop following the …
Persistent link: https://www.econbiz.de/10013043487
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A New Look at Second Liens
Lee, Donghoon - 2012
We use data from credit reports and deed records to better understand the extent to which second liens contributed to the housing crisis by allowing buyers to purchase homes with small down-payments. At the top of the housing market, second liens were quite prevalent: As many as 45 percent of...
Persistent link: https://www.econbiz.de/10013101930
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Second Chances : Subprime Mortgage Modification and Re-Default
Haughwout, Andrew - 2010
Mortgage modifications have become an important component of public interventions designed to reduce foreclosures. In this paper, we examine how the structure of a mortgage modification affects the likelihood that the modified mortgage re-defaults over the next year. Using data on subprime...
Persistent link: https://www.econbiz.de/10013149661
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Local Banks, Credit Supply, and House Prices
Blickle, Kristian - 2018
I study the effects of an increase in the supply of local mortgage credit on local house prices and employment by exploiting a natural experiment from Switzerland. In mid-2008, losses in U.S. security holdings triggered a migration of dissatisfied retail customers from a large, universal bank,...
Persistent link: https://www.econbiz.de/10012908054
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The Homeownership Gap
Haughwout, Andrew - 2010
After rising for a decade, the U.S. homeownership rate peaked at 69 percent in the third quarter of 2006. Over the next … homeownership rate declined by 1.7 percentage points. An important question is, how much more will this rate decline over the … current economic downturn? To address this question, we propose the concept of the “homeownership gap” as a gauge of downward …
Persistent link: https://www.econbiz.de/10013149388
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Juvenile Delinquent Mortgages : Bad Credit or Bad Economy?
Haughwout, Andrew - 2008
We study early default, defined as serious delinquency or foreclosure in the first year, among nonprime mortgages from the 2001 to 2007 vintages. After documenting a dramatic rise in such defaults and discussing their correlates, we examine two primary explanations: changes in underwriting...
Persistent link: https://www.econbiz.de/10012723332
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How Mortgage Finance Affects the Urban Landscape
Chan, Sewin - 2015
This chapter considers the structure of mortgage finance in the U.S., and its role in shaping patterns of homeownership …
Persistent link: https://www.econbiz.de/10013017425
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The Sensitivity of Housing Demand to Financing Conditions : Evidence from a Survey
Fuster, Andreas - 2015
The sensitivity of housing demand to mortgage rates and available leverage is key to understanding the effect of monetary and macroprudential policies on the housing market. However, since there is generally no exogenous variation in these variables that is independent of confounding factors...
Persistent link: https://www.econbiz.de/10013031579
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Peas in a Pod? Comparing the U.S. and Danish Mortgage Finance Systems
Berg, Jesper - 2018
Like the United States, Denmark relies heavily on capital markets for funding residential mortgages, and the Danish covered bond market bears a number of similarities to U.S. agency securitization. In this paper we describe the key features of the Danish mortgage finance system and compare and...
Persistent link: https://www.econbiz.de/10012919535
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The International Transmission of Monetary Policy
Buch, Claudia M. - 2018
This paper presents the novel results from an internationally coordinated project by the International Banking Research Network (IBRN) on the cross-border transmission of conventional and unconventional monetary policy through banks. Teams from seventeen countries use confidential micro-banking...
Persistent link: https://www.econbiz.de/10012923576