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rates and house prices. Some Chinese banks, especially the Bank of China, have been exposed to the US mortgage … mortgage defaults than their western counterparts because house buyers are mainly urban and high income residents who are …
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This article compares default patterns among prime and subprime mortgages, analyzes the factors correlated with default, and examines how forecasts of defaults are affected by alternative assumptions about trends in home prices. The authors find that extremely pessimistic forecasts of home price...
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The liquidity strains that contributed to the meltdown of the mortgage market in the Global Financial Crisis (GFC) re …-emerged in the Coronavirus 2019 (COVID-19) Crisis. Some of these strains were acute. For example, the dependence of mortgage real … pressures had only minor repercussions for the overall mortgage market because of reforms since the GFC, a heavy government …
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