Property price inflation has accelerated during the last few years, propelled by low mortgage rates, poor returns from …

After a number of warning signs, the U.S. "subprime mortgage crisis" became a headline issue in February 2007 …. Notwithstanding the bankruptcy of numerous mortgage companies, historically high delinquencies and foreclosures, and a significant …

financial wealth to stocks and bonds with different maturities. Homeowners also choose the mortgage type. I show that hedge … optimal housing, stock, bond, and mortgage choice. Young homeowners take an adjustable-rate mortgage (ARM) and invest …-averse investors rather choose a combination of an ARM and a fixed-rate mortgage. …

This paper combines data on the performance of mortgage loans with detailed borrower, neighborhood, and property … auction sale or REO); or (4) the loan remains delinquent. In particular, we focus on mortgage modification. We find that the …

defaulters have both negative equity and enough liquid or illiquid assets to make one month's mortgage payment. This finding …

the Spanish bankruptcy system relative to that of an alternative insolvency institution, the mortgage system, and the …

, namely the mortgage system, mean that firms and their creditors mainly deal with credit provision and eventual insolvency … through the latter. However, in order to use the mortgage system, some firms must overinvest in capital assets (real estate …, equipment) since those are the assets that can be pledged as mortgage collateral. This overinvestment leads to productive …