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potentially unsustainable mortgage payments. Many of these households must rearrange their mortgage obligations as they enter … their retirement years. Even though most homeowners nearing retirement age have a zero or reasonable mortgage obligation an … prices and prolong and exacerbate the current mortgage crisis …
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Subprime Cities: The Political Economy of Mortgage Markets presents a collection of works from social scientists that … offer insights into mortgage markets and the causes, effects, and aftermath of the recent 'subprime' mortgage crisis …. Provides an even-handed and detailed analysis of mortgage markets and the recent housing crisisFeatures contributions from …
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This paper proposes a framework for monitoring vulnerabilities related to the residential real estate sector in a cross-country context. The framework might be useful for complementing or cross-checking signals available from existing approaches. It takes into account three dimensions of real...
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