Narrow search
Showing 1 - 10 of 290
Cover Image
Consumption and initial mortgage conditions: evidence from survey data
Masier, Giacomo; Villanueva, Ernesto - 2011
Economic theory predicts that the consumption path of unconstrained homeowners responds to the interest rate, while the consumption path of credit constrained homeowners is determined by the size and timing of payments (mortgage maturity). We exploit the rapid expansion of mortgage markets...
Persistent link: https://www.econbiz.de/10011605343
Cover Image
The role of securitization in mortgage renegotiation
Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - 2011
We study the effects of securitization on renegotiation of distressed residential mortgages over the current financial … 36% more likely to be renegotiated than comparable securitized mortgages (4.2 to 5.7% in absolute terms). Also …
Persistent link: https://www.econbiz.de/10010292147
Cover Image
Market-Based loss mitigation practices for troubled mortgages following the financial crisis
Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - 2010
show that the majority of delinquent mortgages do not enter any loss mitigation program or become a part of foreclosure …
Persistent link: https://www.econbiz.de/10010292190
Cover Image
Equilibrium mortgage choice and housing tenure decisions with refinancing
Chambers, Matthew S.; Garriga, Carlos; Schlagenhauf, Don - 2007
The last decade has brought about substantial mortgage innovation and increased refinancing. The objective of this paper is to understand the determinants and implications of mortgage choice in the context of a general equilibrium model with incomplete markets. The equilibrium characterization...
Persistent link: https://www.econbiz.de/10010292368
Cover Image
Labour market praticipation and mortage related borrowing constraints
Bottazzi, Renata - 2004
This paper analyses the relationship between female labour market participation and mortgage commitments in life-cycle set up. In particular it examines whether a mortgage qualification constraint has any effect on female labour market participation. This is done by conditioning on the mortgage...
Persistent link: https://www.econbiz.de/10010293082
Cover Image
Household leveraging and deleveraging
Justiniano, Alejandro; Primiceri, Giorgio E.; … - 2013
U.S. households' debt skyrocketed between 2000 and 2007, but has since been falling. This leveraging and deleveraging cycle cannot be accounted for by the liberalization and subsequent tightening of mortgage credit standards that occurred during the period. We base this conclusion on a...
Persistent link: https://www.econbiz.de/10010333598
Cover Image
Reversion to the Racial Mean and Mortgate Discrimination
Sanandaji, Tino - 2009
Studies of mortgage approvals find that minority borrowers are more likely to be denied loans, even when background variables such as current-year income are held constant. This article demonstrates that relying on current year income when comparing racial outcomes leads to an overestimation of...
Persistent link: https://www.econbiz.de/10010320339
Cover Image
House Prices, Second Mortgages and Household Savings; An Empirical Investigation for the Netherlands, 1987-1994
Rouwendal, Jan; Alessie, Rob - 2002
paper we study the effect of this developmenton the demand for second mortgages and on the savings of Dutch households. We … investigatethe effect of house prices on (i) the number and size of second mortgages, (ii) the savingsof owner-occupiers and (iii … for second mortgages.Savings of homeowners decrease when house prices accelerate. We find no evidence that inc …
Persistent link: https://www.econbiz.de/10010325002
Cover Image
An empirical comparison of classification algorithms for mortgage default prediction : evidence from a distressed mortgage market
Fitzpatrick, Trevor; Mues, Christophe - In: European journal of operational research : EJOR 249 (2016) 2, pp. 427-439
Persistent link: https://www.econbiz.de/10011436704
Cover Image
Effects of prepayment regulations on termination of subprime mortgages
Steinbuks, Jevgenijs - In: Journal of banking & finance 59 (2015), pp. 445-456
Persistent link: https://www.econbiz.de/10011544647