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This study develops estimates of expected loss severities on mortgage exposures using data from Florida during the …
Persistent link: https://www.econbiz.de/10013063677
-up to the 2007-09 global financial crisis; (2) the increase in housing demand in response to lower mortgage interest rates …
Persistent link: https://www.econbiz.de/10013314842
during the crisis. Representatives from districts experiencing an increase in mortgage default rates are significantly more … likely to vote in favor of the AHRFPA. They are precise in responding only to mortgage related constituent defaults, and are …
Persistent link: https://www.econbiz.de/10012464179
willingness of originators to initiate loans. Since the supply of loanable funds is larger, mortgage rates are lower than would …
Persistent link: https://www.econbiz.de/10013069918
and presents a unique perspective of the crisis as in fact rooted in the way the residential mortgage market is regulated …. Focusing on non-recourse mortgage legislation, which is a unique feature of the US mortgage market dating back to the period … distort risk allocation in the mortgage market as they allow borrowers to externalize the risk of default to third parties …
Persistent link: https://www.econbiz.de/10012989973
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During the Great Recession, the collapse of consumption across the US varied greatly but systematically with house-price declines. Our message is that household financial health matters for understanding this relationship. Two facts are essential for our finding: (1) the decline in house prices...
Persistent link: https://www.econbiz.de/10012860804