Similar Search Results

Housing and Housing Finance - A Review of the Links to Economic Development and Poverty Reduction

Doling, John; Vandenberg, Paul; Tolentino, Jade - 2013

, constituting the most valuable asset owned by most households and often requiring housing finance (mortgages) to allow for purchase …

Persistent link: https://www.econbiz.de/10010507405

The Failure of Northern Rock: A multi-dimensional Case Study

Congdon, Tim; Goodhart, Charles A.E.; Eisenbeis, Robert A. - 2009

limited by regulation largely to retail deposits and mortgages. Graphic television news pictures showed very long queues …

Persistent link: https://www.econbiz.de/10011689937

Property Prices and Real Estate Financing in a Turbulent World

Balling, Morten; Bentzen, Christian Sinding; Berg, Jesper; … - 2013

On 15th November 2012 in Copenhagen, SUERF and Nykredit in association with Danmarks Nationalbank organised a conference on “Property prices and real estate financing in a turbulent world.” The papers included in this SUERF Study are based on contributions to the conference.

Persistent link: https://www.econbiz.de/10011689960

Agency conflicts in residential mortgage securitization: What does the empirical literature tell us?

Frame, W. Scott - 2017

origination and distribution of observably riskier loans. Low-documentation mortgages, for which asymmetric information problems … are acute, performed especially poorly during the crisis. Securitized low-documentation mortgages performed better when …

Persistent link: https://www.econbiz.de/10011776827

The impact of the mortgage interest and capital deduction scheme on the Belgian mortgage market

Hoebeeck, Annelies; Inghelbrecht, Koen - 2017

In 2005, mortgage interest, capital deductions and insurance premiums (MICPD) were assembled into one single deduction package to further stimulate home ownership in Belgium. Former research has shown that the MICPD did not raise the probability of becoming a home owner, due to its...

Persistent link: https://www.econbiz.de/10011786079

Household debt and social interactions

Georgarakos, Dimitris; Haliassos, Michael; Pasini, Giacomo - 2012

Debt-induced crises, including the subprime, are usually attributed exclusively to supply-side factors. We examine the role of social influences on debt culture, emanating from perceived average income of peers. Utilizing unique information from a household survey representative of the Dutch...

Persistent link: https://www.econbiz.de/10010311792

Reversion to the Racial Mean and Mortgate Discrimination

Sanandaji, Tino - 2009

Studies of mortgage approvals find that minority borrowers are more likely to be denied loans, even when background variables such as current-year income are held constant. This article demonstrates that relying on current year income when comparing racial outcomes leads to an overestimation of...

Persistent link: https://www.econbiz.de/10010320339

Subprime mortgage pricing: The impact of race, ethnicity, and gender on the cost of borrowing

Haughwout, Andrew; Mayer, Christopher; Tracy, Joseph - 2009

information on subprime borrowers with information on the mortgages they took out. In a sample of more than 75,000 adjustable …-rate mortgages, we find no evidence of adverse pricing by race, ethnicity, or gender in either the initial rate or the reset margin …, and the data do not indicate whether borrowers might have qualified for less expensive conforming mortgages. …

Persistent link: https://www.econbiz.de/10010283533

Securitization and moral hazard: Evidence from credit score cutoff rules

Bubb, Ryan; Kaufman, Alex - 2011

Mortgage originators use credit score cutoff rules to determine how carefully to screen loan applicants. Recent research has hypothesized that these cutoff rules result from a securitization rule of thumb. Under this theory, an observed jump in defaults at the cutoff would imply that...

Persistent link: https://www.econbiz.de/10010286944

The homeownership gap

Haughwout, Andrew; Peach, Richard; Tracy, Joseph - 2009

After rising for a decade, the U.S. homeownership rate peaked at 69 percent in the third quarter of 2006. Over the next two and a half years, as home prices fell in many parts of the country and the unemployment rate rose sharply, the homeownership rate declined by 1.7 percentage points. An...

Persistent link: https://www.econbiz.de/10010287021