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Mortgage banking began to develop in Slovakia after 1998 as an ambitious project, the goal of which was to elevate the …-term resources. Our goal is a comprehensive assessment of the development of Slovak mortgage banking for the past 20 years from the … perspectives of the development of banking, the mortgage bond market, the real estate market and selected interactions between …
Persistent link: https://www.econbiz.de/10012291915
The annual percentage rate of charge (APRC) designed to reflect all costs of borrowing is a widely used measure to compare different credit products. It disregards completely, however, risks of possible future changes in interest and exchange rates. As an unintended consequence of the general...
Persistent link: https://www.econbiz.de/10012023954
strategic defaults in the U. S. mortgage market. Little, however, has been done to determine whether there is any direct …. This study seeks to fill this gap by exploring the impact of allowing deficiency judgments on mortgage pricing policy in … various U. S. states. Seven distinctive mortgage types in two groups of states were compared. We conclude that there is no …
Persistent link: https://www.econbiz.de/10012026633
This paper examines the effects of a mortgage interest rate subsidy on booms and busts in the housing market by … analyzing the Housing Mortgage program in Mongolia. We find that the most recent housing boom in Mongolia occurred from the …-specific factors and macroeconomic variables had a significant influence on housing price dynamics. Mortgage interest rate …
Persistent link: https://www.econbiz.de/10013329305
mortgage is therefore critical to financial well-being but households often make costly mistakes. We collect data in an online … survey to test borrowers' comfort with, and understanding of, mortgage debt. We analyze the impact of financial literacy …, mortgage broker advice and whether the loan is framed as a lump sum debt or an equivalent stream of repayments. We conjecture …
Persistent link: https://www.econbiz.de/10014515956
Sparer mit niedrigen Vermögen leiden unter der Geldpolitik der EZB besonders stark, wird häufig kritisiert. Deshalb untersuchen die Autoren die realen Renditen, die deutsche und österreichische Haushalte verschiedener finanzieller Vermögensgruppen in Zeiten extrem niedriger Zinssätze...
Persistent link: https://www.econbiz.de/10012270700
The consumer debt of households in Germany totals in the triple-digit billions and is characterized by a wide range of interest rates. Despite the high volume of debt, many people do not know the terms of their consumer credit contracts. This report analyzes new survey data on general knowledge...
Persistent link: https://www.econbiz.de/10013410736
Few retirees use reverse mortgages. In this paper, we investigate how financial literacy and prior knowledge of the product influence take-up by conducting a stated-preference experiment. We exogenously manipulate characteristics of reverse mortgages to tease out how consumers value them and...
Persistent link: https://www.econbiz.de/10014515957
In the wake of the Global Financial Crisis, a significant research effort has been made to better understand the links between household debt levels, financial stability risks, and the ongoing implications of the ‘debt overhang’ for economic growth. However, accurately measuring the...
Persistent link: https://www.econbiz.de/10012507225
The role of deposit money banks (DMBs) as a critical component of the financial intermediary component of the financial systems for the benefit of their shareholders and the economy at large has become more pronounced in recent times. Banks help link both the surplus spending unit and the...
Persistent link: https://www.econbiz.de/10014466387