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Crises in the housing market : causes, consequences, and policy lessons

Garriga, Carlos; Hedlund, Aaron - 2019

Persistent link: https://www.econbiz.de/10012138895

Consumption in the Great Recession : the financial distress channel

Athreya, Kartik B.; Mather, Ryan; Mustre-del-Río, José; … - 2019

During the Great Recession, the collapse of consumption across the U.S. varied greatly but systematically with house-price declines. We find that financial distress among U.S. households amplified the sensitivity of consumption to house-price shocks. We uncover two essential facts: (1) the...

Persistent link: https://www.econbiz.de/10012137091

Did prepayments sustain the subprime market?

Bhardwajy, Geetesh (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003783109

Mortgage defaults

Hatchondo, Juan Carlos; Martinez, Leonardo; Sanchez, Juan M. - 2011

down payments, the life-cycle profile of home ownership, and the mortgage default rate. In addition, we show that the …

Persistent link: https://www.econbiz.de/10009298094

Where's the smoking gun? : A study of underwriting standards for US subprime mortgages

Bhardwaj, Geetesh (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003783099

Equilibrium mortgage choice and housing tenure decisions with refinancing

Chambers, Matthew S. (contributor); … - 2007

The last decade has brought about substantial mortgage innovation and increased refinancing. The objective of the paper … is to understand the determinants and implications of mortgage choice in the context of general equilibrium model with … incomplete markets. The equilibrium characterization allows us to study the impact of mortgage financing decisions in the …