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. Mortgage termination due to mobility, default and refinancing provides a lens for evaluating property market adjustments. The … to either prepay or default on the mortgage. The optimal choice between these two termination events may depend on … impact of motility on mortgage terminations with imperfect household and loan level data.Since omitted variables contribute …
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"High and rising prices in Chinese housing markets have attracted global attention, as well as the interest of the Chinese government and its regulators. Housing markets look very risky based on the stylized facts we document. Price-to-rent ratios in Beijing and seven other large markets across...
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