Similar Search Results

Mortgage interest rates, valuation, and prepayment risk

Mattey, Joe - In: FRBSF Economic Letter (1998)

Persistent link: https://www.econbiz.de/10005707100

Karasulu, Meral - International Monetary Fund (IMF) - 2008

prices by 10?30 percent could add another 4 ppt to distressed debt. Ongoing transition to amortizing mortgages in 2008 …

Persistent link: https://www.econbiz.de/10005769235

House Price Developments in Europe; A Comparison

Hilbers, Paul Louis Ceriel; Banerji, Angana; Shi, Haiyan; … - International Monetary Fund (IMF) - 2008

House prices in Europe have shown diverging trends, and this paper seeks to explain these differences by analyzing three groups of countries: the "fast lane", the average performers, and the slow movers. Price movements in the first two groups are found to be driven mostly by income and trends...

Persistent link: https://www.econbiz.de/10005826322

Canadian Residential Mortgage Markets; Boring But Effective?

Kiff, John - International Monetary Fund (IMF) - 2009

Klyuev (2008) concluded that the Canadian market for housing finance is highly advanced and sophisticated, but financing options were somewhat limited, particularly at terms longer than five years. This paper argues that the paucity of longer-term loans is caused by a five-year maturity cap on...

Persistent link: https://www.econbiz.de/10008528667

Address to the New College class of 2010

Dudley, William - In: Speech (2010) May 21

Remarks at the New College of Florida 44th Annual Commencement, Sarasota, Florida.

Persistent link: https://www.econbiz.de/10008498249

Posted rates as signals in mortgage lending markets

Avery, Robert B.; Beeson, Patricia E.; Sniderman, Mark S. - Federal Reserve Bank of Cleveland - 1994

A discussion of how mortgage lenders might use posted lending terms to signal both their eagerness to take new loan applications and their lending standards.

Persistent link: https://www.econbiz.de/10005526604

Implied mortgage refinancing thresholds

Bennett, Paul; Peach, Richard; Peristiani, Stavros - Federal Reserve Bank of New York - 1998

The optimal prepayment model asserts that rational homeowners would refinance if they can reduce the current value of their liabilities by an amount greater than the refinancing threshold, defined as the cost of carrying the transaction plus the time value of the embedded call option. To compute...

Persistent link: https://www.econbiz.de/10005420539

The effects of recent mortgage refinancing

Brady, Peter J.; Canner, Glenn B.; Maki, Dean M. - In: Federal Reserve Bulletin (2000) Jul, pp. 441-450

accumulated equity in their homes into spendable funds, have prompted many homeowners to refinance their mortgages. In the spring …

Persistent link: https://www.econbiz.de/10005380325

Mortgage refinancing and the concentration of mortgage coupons

Bennett, Paul; Keane, Frank; Mosser, Patricia C. - In: Current Issues in Economics and Finance 5 (1999) Mar

Because of the concentrated distribution of interest rates on outstanding mortgages, modest interest rate declines in …

Persistent link: https://www.econbiz.de/10005387177

GSEs, mortgage rates, and the long-run effects of mortgage securitization

Passmore, Wayne; Sparks, Roger; Ingpen, Jamie - Federal Reserve Board (Board of Governors of the … - 2001

illustrating that market structure, government sponsorship, and the characteristics of the mortgages securitized are all important … enhancements needed in the private sector. Using our simulation model, we demonstrate that when mortgages eligible for purchase by … the GSEs have characteristics similar to other mortgages, then implicit government backing generates differences in …

Persistent link: https://www.econbiz.de/10005394027