Showing 1 - 10 of 1,509
Home appraisals are produced for millions of residential mortgage transactions each year, but appraised values are … institutional framework that governs mortgage lending lead to information loss in appraisals (that is, appraisals set equal to the … incidence of mortgage default at loan-to-value boundaries (notches) above which mortgage insurance rates increase. Appraisals …
Persistent link: https://www.econbiz.de/10011971156
The most frequent mortgage loans in the US behave according to nominal interest rates with level loan payments (NRMs … increase of real payments in the early years of the mortgage due to higher inflation (Lessard and Modigliani, 1975), causes …
Persistent link: https://www.econbiz.de/10013131594
This special feature studies the risks posed by the rapid rise in property developer debt in several Asian economies in recent years. Gradually, the firms involved are shifting away from traditional bank loans and choosing to issue debt securities, often in foreign currency. So far indebtedness...
Persistent link: https://www.econbiz.de/10012925137
Persistent link: https://www.econbiz.de/10012226638
This site provides a variety of U.S. real estate statistics on the national, state, and metropolitan area level.
Persistent link: https://www.econbiz.de/10005842877
The author constructs a theoretical model to examine the effects of an inherent conflict of interest between a seller of a house and the real estate broker hired by the seller. The model is then used to calibrate the broker’s commission rates that would maximize the seller’s expected gain....
Persistent link: https://www.econbiz.de/10003874974
How far do China’s property prices need to drop in order to send the country into a recession? What does this question tell us about the way Bubble Economies work? In this paper, we develop a theory of Bubble Economics - non-linear and often "systemic" (in the mathematical sense of the word)...
Persistent link: https://www.econbiz.de/10011489181
Using new data on market-based transactions we construct real estate price indexes for Manhattan between 1920 and 1939. During the 1920s prices reached their highest level in the third quarter of 1929 before falling by 67 percent at the end of 1932 and hovering around that value for most of the...
Persistent link: https://www.econbiz.de/10013134376
The recent international credit crisis has highlighted the significant exposure that banks and insurers, especially …
Persistent link: https://www.econbiz.de/10013113505
We use a model and show how inflation and mortgage loans based on nominal interest rates (NRMs), like FRMs, ARMs or IOs … unpredictability of inflation and price levels (Modigliani, 1974). Real Rate Inflation-Indexed Mortgages (RIMs), or mortgage loans that …
Persistent link: https://www.econbiz.de/10013120366