Similar Search Results

Non-Recourse Mortgage Law and Housing Speculation

Nam, Tong-yob - 2020

Borrowers in states with non-recourse mortgage law face limited liability on their mortgage loans. We show that non …. We find that mortgage lending pricing does not fully reflect the higher risk in non-recourse states because the emergence …

Persistent link: https://www.econbiz.de/10012856960

Tenure choice : fundamentals and a simulation

Furtado, Bernardo Alves; Souza, João Gabriel de Moraes - 2020

simulation suggests that the amortization scheme known as SAC for the mortgage system is a better choice in nearly two-thirds of … should acknowledge this level of uncertainty by including explicit mortgage renegotiations within shorter periods. …

Persistent link: https://www.econbiz.de/10012233003

Housing market bubbles and business cycles in an agent-based credit economy

Erlingsson, Einar Jon; Cincotti, Silvano; Stefansson, Hlynur - 2013

conditions required by the banking system to grant a mortgage. The authors find that easier access to credit inflates housing …

Persistent link: https://www.econbiz.de/10009751106

Housing market bubbles and business cycles in an agent-based credit economy

Erlingsson, Einar Jon; Teglio, Andrea; Cincotti, Silvano; … - 2014

This paper investigates the housing and mortgage markets by means of an agent-based macroeconomic model of a credit … households’ creditworthiness conditions required by banks in order to grant a mortgage. Results show that easier access to credit …

Persistent link: https://www.econbiz.de/10010248859

Residential House Prices, Commercial Real Estate and Bank Failures

Fissel, Gary S. - 2017

The Great Recession resulted in bank failures that exceeded the savings and loan (S&L) crisis in terms of percentage of institutions and the volume of assets of banks that failed. While much of the literature focuses “subprime” mortgages and its role in this financial crisis, we focus on the...

Persistent link: https://www.econbiz.de/10012953169

Real estate investors, the leverage cycle, and the housing market crisis

Haughwout, Andrew; Lee, Donghoon; Tracy, Joseph S.; … - 2011

almost half of purchase mortgage originations were associated with investors. In part by apparently misreporting their … important implications for policies designed to address the consequences and recurrence of housing market bubbles. -- mortgages …

Persistent link: https://www.econbiz.de/10009299997

Do Lenders Make Less-Informed Investments in High-Growth Housing Markets?

Chen, Sophia; Ratnovski, Lev; Sun, Yangfan - 2022

Nonlocal mortgage lenders with greater exposure to high-growth housing markets accept fewer loan applications in these … lenders’ exposure to high-growth markets is associated with more risk, more eﬃciency, and more return on mortgage portfolios …

Persistent link: https://www.econbiz.de/10013306803