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The Vulnerability of Minority Homeowners in the Housing Boom and Bust
Bayer, Patrick; Ferreira, Fernando V.; Ross, Stephen - Department of Economics, University of Connecticut - 2014
This paper examines mortgage outcomes for a large, representative sample of individual home purchases and refinances … economic shocks and raise serious concerns about homeownership as a mechanism for reducing racial disparities in wealth. …
Persistent link: https://www.econbiz.de/10010888357
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The Vulnerability of Minority Homeowners in the Housing Boom and Bust
Bayer, Patrick; Ferreira, Fernando; Ross, Stephen L. - Becker Friedman Institute for Research in Economics, … - 2014
This paper examines mortgage outcomes for a large, representative sample of individual home purchases and refinances … economic shocks and raise serious concerns about homeownership as a mechanism for reducing racial disparities in wealth. …
Persistent link: https://www.econbiz.de/10010908235
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Canada; Selected Issues
International Monetary Fund (IMF); International … - 2009
This Selected Issues paper on Canada examines economic development and policies. Capital ratios before the crisis have been a key determinant of bank performance during the turmoil; and Canadian banks had ample capital. Specifically, most banks with critically low capital at end-2006 later...
Persistent link: https://www.econbiz.de/10011244253
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Spain; Selected Issues
International Monetary Fund (IMF); International … - 2011
Rebalancing in Spain’s private sector is under way, but with more modest progress on reducing stocks. Spain is subject to significant spending pressures, reflecting unfavorable demographic trends and subdued growth prospects, and will require substantial structural reform. Priority...
Persistent link: https://www.econbiz.de/10011245500
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Foreclosure Mitigation Efforts in the United States; Approaches and Challenges
Klyuev, Vladimir; Kiff, John - International Monetary Fund (IMF) - 2009
projected to go even higher. While most of the time a foreclosure is a suboptimal resolution of a distressed mortgage, a number … of features of the mortgage finance system often prevent loan modifications. This paper reviews the impediments to … successful mortgage restructuring and proposes a number of ways to improve the situation. The proposals build on the recognition …
Persistent link: https://www.econbiz.de/10011245863
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Policies for Macrofinancial Stability; Options to Deal with Real Estate Booms
Dell'Ariccia, Giovanni; Rabanal, Pau; Crowe, Christopher W. - International Monetary Fund (IMF) - 2011
DISCLAIMER: This Staff Discussion Note represents the views of the authors and does not necessarily represent IMF views or IMF policy. The views expressed herein should be attributed to the authors and not to the IMF, its Executive Board, or its management. Staff Discussion Notes are published...
Persistent link: https://www.econbiz.de/10011245885
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United Kingdom; Selected Issues
International Monetary Fund (IMF); International … - 2003
This Selected Issues paper examines the factors determining housing prices in the United Kingdom. Based on econometric evidence, the paper assesses whether recent housing price increases can be explained by fundamentals or whether they represent a temporary overshooting of housing prices,...
Persistent link: https://www.econbiz.de/10005252805
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Mortgage Market Development, Savings, and Growth
Li, Xiaowei - International Monetary Fund (IMF) - 2001
Jappelli and Pagano (1994) argues that tightening the borrowing constraints in the mortgage markets promotes savings … savings and growth rates to fall. Therefore, for countries with scarce mortgage availability like those in the Middle East …, expanding the mortgage markets to some extent is conducive to savings and growth. …
Persistent link: https://www.econbiz.de/10005263983
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Mortgage Defaults
Martinez, Leonardo; Hatchondo, Juan Carlos; Sanchez, Juan M. - International Monetary Fund (IMF) - 2012
life-cycle profile of home ownership, and the mortgage default rate. The average coefficients that measure the agents …
Persistent link: https://www.econbiz.de/10009650640
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Prime Property Institutions for a Subprime Era: Exploring Innovative Models of Residential Development and Finance
Arruñada, Benito; Lehavi, Amnon - Barcelona Graduate School of Economics (Barcelona GSE) - 2010
This paper breaks new ground toward contractual and institutional innovation in models of homeownership, equity … building, and mortgage enforcement. Inspired by recent developments in the affordable housing sector and in other types of …-based division of property rights, conditional subsidies, and credit mediation toalleviate the systemic risks of mortgage foreclosure …
Persistent link: https://www.econbiz.de/10010547403