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House prices, second mortgages and household savings : an empirical investigation for the Netherlands, 1987 - 1994
Rouwendal, Jan; Alessie, Rob - 2002
!reased demand for mortgage loans is caused by substitution from other forms of consumercredit. Contrary to results reported in the …
Persistent link: https://www.econbiz.de/10011327548
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Forced Asset Sales and the Concentration of Outstanding Debt : Evidence from the Mortgage Market
Favara, Giovanni - 2017
associated with the liquidation of collateralized debt. Using the mortgage market as a laboratory, we conjecture that lenders …
Persistent link: https://www.econbiz.de/10012973542
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House prices and home ownership : a cohort analysis
Bottazzi, Renata; Crossley, Thomas F.; Wakefield, Matthew - 2012
, we document the association between house prices and homeownership at age thirty. We then use synthetic cohort methods to …
Persistent link: https://www.econbiz.de/10009530248
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Loss aversion and residential property development decisions in the People's Republic of China : a semi-parametric estimation
Bao, Helen X. H.; Meng, Charlotte Chunming - 2017
Loss aversion is a core concept in prospect theory that refers to people's asymmetric attitudes with respect to gains and losses. More specifically, losses loom larger than gains. With the capability of loss aversion to explain economic phenomena, some of which are puzzling under expected...
Persistent link: https://www.econbiz.de/10011591060
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The exposure of mortgage borrowers to interest rate risk, income risk and house price risk : evidence from Swiss loan application data
Brown, Martin; Guin, Benjamin - 2014 - This draft: 2 December 2014
We study the exposure of mortgage borrowers in Switzerland to interest rate, income and house price risks and examine … analysis is based on a unique data set of household mortgage applications from September 2012 until January 2014. Our … assessment of risk exposure among mortgage borrowers in Switzerland is highly sensitive to the underlying assumptions on mortgage …
Persistent link: https://www.econbiz.de/10011344795
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Foreclosure externalities : some new evidence
Gerardi, Kristopher; Rosenblatt, Eric; Willen, Paul; … - 2012
In a recent set of influential papers, researchers have argued that residential mortgage foreclosures reduce the sale … mortgage distress on house prices. -- foreclosure ; mortgage ; judicial ; power of sale ; right to cure …
Persistent link: https://www.econbiz.de/10009581858
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Foreclosure externalities : some new evidence
Gerardi, Kristopher; Rosenblatt, Eric; Willen, Paul; … - 2012 - Version of: July 25, 2012
In a recent set of influential papers, researchers have argued that residential mortgage foreclosures reduce the sale … mortgage distress on house prices. -- foreclosure ; mortgage ; judicial ; power of sale ; right to cure …
Persistent link: https://www.econbiz.de/10009614091
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Measuring mortgage credit availability : a frontier estimation approach
Anenberg, Elliot; Hizmo, Aurel; Kung, Edward; Molloy, … - 2017
We construct a new measure of mortgage credit availability that describes the maximum amount obtainable by a borrower … of given characteristics. We estimate this "loan frontier" using mortgage originations data from 2001 to 2014 and show … that it reflects a binding borrowing constraint. Our estimates reveal that the expansion of mortgage credit during the …
Persistent link: https://www.econbiz.de/10011803181
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House prices and home ownership : a cohort analysis
Bottazzi, Renata; Crossley, Thomas F.; Wakefield, Matthew - 2011
England has very volatile house prices. We use pseudo-panel data spanning multiple house-price cycles over nearly forty years, to assess the extent to which house prices affect access to home ownership by age thirty, and whether differences in ownership rates persist. We find that ownership...
Persistent link: https://www.econbiz.de/10011734502
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Housing choices and labor income risk
Jansson, Thomas - 2013
I show that individuals whose unemployment risk tends to increase more when local home prices fall optimally invest less in owner-occupied housing. Using a unique, Swedish register-based database, I find that a one standard deviation increase in the covariance between individually estimated...
Persistent link: https://www.econbiz.de/10010203021