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The interaction of mortgage credit and housing prices in the US
Lindner, Fabian - 2014
This paper looks at the relation between mortgage credit and housing values. It has become conventional wisdom in … tested as of yet. The paper uses the Johansen procedure to estimate a long run relationship between mortgage credit and … different housing price variables are estimated. It is found that mortgage credit is weakly exogenous. Impulse …
Persistent link: https://www.econbiz.de/10010349918
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Leverage Regulation and Market Structure : An Empirical Model of the UK Mortgage Market
Benetton, Matteo - 2018
I develop a structural model of mortgage demand and lender competition to study how leverage regulation affects the … equilibrium in the UK mortgage market. Using variation in risk-weighted capital requirements across lenders and across mortgages … increases the interest rate by 10 percent for the average mortgage product. The estimated model implies that heterogeneous …
Persistent link: https://www.econbiz.de/10012911375
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Determinants of Primary Market Spreads on U.K. Residential Mortgage-Backed Securities and the Implications for Investor Reliance on Credit Ratings
Fabozzi, Frank J. - 2012
residential mortgage-backed securities (RMBS) in the U.K. There is an important implication of our findings for the current debate …
Persistent link: https://www.econbiz.de/10013099902
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Bankers’ Pay after the 2008 Crisis : Regulatory Reforms in the US and the EU
Ferrarini, Guido - 2013
We examine the political dynamics which led to the codification of the Principles and Standards for sound compensation practices at financial institutions at international (G 20) level and to their subsequent implementation on both sides of the Atlantic. We show that the regulation of bankers'...
Persistent link: https://www.econbiz.de/10013091649
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Property boom and banking bust : the role of commercial lending in the bankruptcy of banks
Jones, Colin A.; Cowe, Stewart; Trevillion, Edward - 2018 - first edition
"This book offers a practical explanation of the property boom funded by generous bank lending, the impact of the credit crunch on the real estate industry, the downfall of the banks, the impact on property investors large and small, and how the financial institutions have sought to recover from...
Persistent link: https://www.econbiz.de/10011725428
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Property boom and banking bust : the role of commercial lending in the bankruptcy of banks
Jones, Colin - 2018
Intro -- Title Page -- Copyright Page -- Contents -- List of Figures -- Acknowledgements -- Chapter 1 Introduction -- Sub-prime Lending Enters the Financial Vocabulary -- The Global Extension -- Commercial Property Market Context -- Past UK Experience -- A Worldwide Phenomenon -- Commercial...
Persistent link: https://www.econbiz.de/10012683629
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Risk heterogeneity and credit supply : evidence from the mortgage market
Besley, Timothy; Meads, Neil; Surico, Paolo - 2010
This paper uses a unique data set on more than 600,000 mortgage contracts to estimate a credit supply function which … are suggestive of considerable risk heterogeneity with riskier borrowers penalised more for borrowing more. -- mortgage …
Persistent link: https://www.econbiz.de/10008695862
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Real estate investors, the leverage cycle, and the housing market crisis
Haughwout, Andrew; Lee, Donghoon; Tracy, Joseph S.; … - 2011
almost half of purchase mortgage originations were associated with investors. In part by apparently misreporting their …
Persistent link: https://www.econbiz.de/10009299997
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The Cost of Steering in Financial Markets : Evidence from the Mortgage Market
Gambacorta, Leonardo - 2020
We build a model of the mortgage market where banks attain their optimal mortgage portfolio by setting rates and … "steering" customers. "Sophisticated" households know which mortgage type is best for them, while "naïve" ones are susceptible …
Persistent link: https://www.econbiz.de/10012845706