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to credit and consumer choice - Provided by publisher … to credit and consumer choice"--Provided by publisher …
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The mortgage default decision is part of a complex household credit management problem. We examine how factors … affecting mortgage default spill over to other credit markets. As home equity turns negative, homeowners default on mortgages … and HELOCs at higher rates, whereas they prioritize repaying credit cards and auto loans. Larger unused credit card limits …
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