debt. It estimates a random effects probit model for the probability of households having mortgage payment problems. It is … ratios and having a heavy burden of unsecured debt are all associated with a significantly higher probability of mortgage … lower probability of mortgage payment problems. The only non-household-specific variable to have a significant effect is …

design of US student loans. Specifically, loans are organised like a mortgage, with fixed monthly repayments over a fixed … existing and alternative systems. Our illustrations show how US mortgage-style loans can create financial difficulties for a …