defaulters have both negative equity and enough liquid or illiquid assets to make one month's mortgage payment. This finding …

We study the link between homeownership, mortgage debt, and entrepreneurship using a model of occupational choice and … housing tenure where homeowners commit to mortgage payments. Our model predicts that, as long as mortgage rates exceed the … rate of interest on liquid wealth: (i) mortgage debt, by amplifying risk aversion, diminishes the likelihood that …

We study the link between homeownership and entrepreneurship by exploiting the longitudinal dimension of the British … after entering homeownership. The negative link can be rationalized by portfolio considerations: leveraged housing …

We study the link between homeownership and entrepreneurship using a model of occupational choice and housing tenure … where homeowners commit a fixed budget to mortgage payments. Our model predicts that: (i) mortgage commitments, by … amplifying risk aversion, diminish the likelihood that homeowners start a business; (ii) the negative link between homeownership …

model in particular to a mortgage loan portfolio which is exposed to changing aircraft noise risk. Finally, we derive a …

This presentation explores the impact of second liens on the 2007 and 2008 mortgage crisis and the ongoing financial … this presentations are:What happened to the use of second liens and private mortgage insurance (pmi) prior to the home … mortgage crisis of 2007and 2008?How much more risky are homes financed with multiple liens than homes financed through a single …

stabilization of the homeowner's net wealth, price the instruments, and quantify the expected decrease in the mortgage default risk …

instruments, discuss the stabilization of the homeowner's net wealth, and quantify the expected decrease in the mortgage default …