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House prices, home equity, and personal debt composition

Li, Jieying; Zhang, Xin - 2017

Using a monthly panel dataset of individuals' debt composition including mortgage and nonmortgage consumer credit, we … homeowners reoptimize their debt structure by using withdrawn home equity to pay down comparatively expensive short-term non-mortgage …

Persistent link: https://www.econbiz.de/10011747818

Consumer Credit & the Housing Market : An Examination of Trends in Home Equity Lines of Credit

Michel, Norbert J. - 2012

Any conversation regarding the current financial crisis must include a discussion of home prices. After dramatic home-price increases through the 1990's and early 2000's, U.S. home prices began a severe downturn during 2006. During this time period of significant price appreciation, as previous...

Persistent link: https://www.econbiz.de/10013110121

Household deleveraging and saving rates : a cross-country analysis

Bouis, Romain - 2021

Historically high household debt in several economies is calling for a deleveraging, but according to some economists, this adjustment can slow GDP growth by weighing on consumption. Using a sample of advanced and emerging market economies, this paper finds evidence of a negative relationship...

Persistent link: https://www.econbiz.de/10012796301

Homeownership and high-cost alternative borrowing

Anong, Sophia T.; Zahirovic-Herbert, Velma - In: Applied economics letters 27 (2020) 2, pp. 118-121

Persistent link: https://www.econbiz.de/10012205387

Seniors’ Home Equity Extraction : Credit Constraints and Borrowing Channels

Moulton, Stephanie - 2019

choice of mortgage product. Ours is the first study to model the choice of reverse mortgages alongside other modes of equity … recovery period (2010-2015), we observe this relationship only for reverse mortgage borrowing, consistent with tightened … underwriting for forward mortgage loans …

Persistent link: https://www.econbiz.de/10012903634

Rushing into the American dream? : house prices growth and the timing of homeownership

Agarwal, Sumit; Hu, Luojia; Huang, Xing - In: Review of finance : journal of the European Finance … 20 (2016) 6, pp. 2183-2218

Persistent link: https://www.econbiz.de/10011803232

Rushing into American dream? : house prices, timing of homeownership, and adjustment of consumer credit

Agarwal, Sumit; Hu, Luojia; Huang, Xing - 2013

In this paper we use a large panel of individuals from Consumer Credit Panel dataset to study the timing of homeownership as a function of credit constraints and expectations of future house price. Our panel data allows us to track individuals over time and we model the transition probability of...

Persistent link: https://www.econbiz.de/10010211024

A life cycle model with housing tenure, constrained mortgage finance and a risky asset under uncertainty

He, Zhechun; Simmons, Peter J. - 2018

Persistent link: https://www.econbiz.de/10011941354

Appraising home purchase appraisals

Calem, Paul Seth; Lambie-Hanson, Lauren; Nakamura, … - 2018

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

Can everyone tap into the housing piggy bank? : racial disparities in access to home equity

Conklin, James N.; Gerardi, Kristopher; Lambie-Hanson, … - 2023

Persistent link: https://www.econbiz.de/10014445266

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