having a mortgage in Spain. Similarly, the higher the mortgage depth in the country of ancestry, the higher the present value … of the monthly mortgage payments. Our results suggest that social norms regarding mortgage finance in the country of … ancestry matter in determining immigrants' mortgage finance in the host country. More specifically, the effect of social norms …

determinants of access to mortgage finance. It also examines whether mortgage holders were more likely to suffer financial distress … compared with non-mortgage holders in the period before the global financial crisis. The analysis does not find any systematic … evidence that mortgage holders are financially more vulnerable than renters or outright owners; in fact, the incidence of …