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To what degree has the development of alternative mortgage funding channels promoted the recent boom and bust in U.S. housing markets? Past research examined whether Alt-A and subprime market shares are correlated with the housing bubble. This paper expands the analysis to include the share of...
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To what degree has the development of alternative mortgage funding channels promoted the recent boom and bust in U.S. housing markets? Past research examined whether Alt-A and subprime market shares are correlated with the housing bubble. This paper expands the analysis to include the share of...
Persistent link: https://www.econbiz.de/10013117232
The real estate finance literature provides rich insights into circumstances that expose mortgage borrowers to risk. However, there is no characterization of how mortgage contracts might play a role in helping households manage their portfolio risks. This paper provides a framework for...
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