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The mortgage market meltdown and house prices
Hubbard, R. Glenn; Mayer, Christopher J. - In: The B.E. journal of economic analysis & policy 9 (2009) 3, pp. 1-45
Persistent link: https://www.econbiz.de/10009550976
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The Mortgage Market Meltdown and House Prices
Hubbard, R. Glenn - 2011
This paper argues that the U.S. mortgage debacle must be analyzed in the broader setting of global real estate markets …
Persistent link: https://www.econbiz.de/10013119203
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The inefficiency of refinancing : why prepayment penalties are good for risky borrowers
Mayer, Christopher J.; Piskorski, Tomasz; Tchistyi, Alexei - 2010
"This paper explores the practice of mortgage refinancing in a dynamic competitive lending model with risky borrowers … prevents the mortgage pools from becoming disproportionately composed of the riskiest borrowers over time. Mortgages with … prepayment penalties allow lenders to lower mortgage rates and extend credit to the least creditworthy, with the largest benefits …
Persistent link: https://www.econbiz.de/10008773265
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The Inefficiency of Refinancing : Why Prepayment Penalties Are Good for Risky Borrowers
Mayer, Christopher J. - 2010
This paper explores the practice of mortgage refinancing in a dynamic competitive lending model with risky borrowers … prevents the mortgage pools from becoming disproportionately composed of the riskiest borrowers over time. Mortgages with … prepayment penalties allow lenders to lower mortgage rates and extend credit to the least creditworthy, with the largest benefits …
Persistent link: https://www.econbiz.de/10012462071
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The Inefficiency of Refinancing : Why Prepayment Penalties are Good for Risky Borrowers
Mayer, Christopher J. - 2010
This paper explores the practice of mortgage refinancing in a dynamic competitive lending model with risky borrowers … prevents the mortgage pools from becoming disproportionately composed of the riskiest borrowers over time. Mortgages with … prepayment penalties allow lenders to lower mortgage rates and extend credit to the least creditworthy, with the largest benefits …
Persistent link: https://www.econbiz.de/10013135393
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Subprime mortgages : what, where, and to whom?
Mayer, Christopher J.; Pence, Karen M. - 2008
"We explore the types of data used to characterize risky subprime lending and consider the geographic dispersion of subprime lending. First, we describe the strengths and weaknesses of three different datasets on subprime mortgages using information from LoanPerformance, HUD, and HMDA. These...
Persistent link: https://www.econbiz.de/10003725664
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Subprime Mortgages : What, Where, and to Whom?
Mayer, Christopher J. - 2008
We explore the types of data used to characterize risky subprime lending and consider the geographic dispersion of subprime lending. First, we describe the strengths and weaknesses of three different datasets on subprime mortgages using information from LoanPerformance, HUD, and HMDA. These...
Persistent link: https://www.econbiz.de/10012464562
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The housing cycle in eastern Massachusetts : variations among cities and towns
Case, Karl E. - In: New England economic review (1995), pp. 24-40
Persistent link: https://www.econbiz.de/10001184724
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Assessing the performance of real estate auctions
Mayer, Christopher J. - In: Real estate economics : journal of the American Real … 26 (1998) 1, pp. 41-66
Persistent link: https://www.econbiz.de/10001249245
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Taxes, income distribution, and the real estate cycle : why all houses do not appreciate at the same rate
Mayer, Christopher J. - In: New England economic review (1993), pp. 39-50
Persistent link: https://www.econbiz.de/10001174901