The use of artificial neural networks in the modeling of foreclosure of commercial mortgages is explored by employing a large set of individual loan histories previously used in the literature of proportional hazard models, and specifically in Vandell et al (JAREUEA: 21(4), 451-480). Radial...

We investigate the determinants of housing satisfaction in twelve EU countries. To do so, we use panel data covering the period 1994-2001, which allows us to control for individual heterogeneity. We carry out separate estimates on the determinants of housing satisfaction for homeowners and for...

The paper provides a quantitative assessment of social returns to education in Italy. It shows that, after controlling for individual characteristics, local average human capital is positively correlated with individual wages, with estimated social returns between 2 and 3 percent. This result is...

Drawing from a large mortgage loan database and an extensive panel data set on metropolitan areas, this study refines the contingent claims model of default. Recent research has treated default as optimal exercise of a put option and has emphasized loan to value ratios, loan age and interest...

Remarks delivered at the February 2002 conference quot;Policies to Promote Affordable Housing,quot; cosponsored by the Federal Reserve Bank of New York and New York University's Furman Center for Real Estate and Urban Policy

Remarks delivered at the February 2002 conference quot;Policies to Promote Affordable Housing,quot; cosponsored by the Federal Reserve Bank of New York and New York University's Furman Center for Real Estate and Urban Policy

A paper presented at the February 2002 conference quot;Policies to Promote Affordable Housing,quot; cosponsored by the Federal Reserve Bank of New York and New York University's Furman Center for Real Estate and Urban Policy

A paper presented at the February 2002 conference quot;Policies to Promote Affordable Housing,quot;quot; cosponsored by the Federal Reserve Bank of New York and New York University's Furman Center for Real Estate and Urban Policy

Remarks delivered at the February 2002 conference quot;Policies to Promote Affordable Housing,quot; cosponsored by the Federal Reserve Bank of New York and New York University's Furman Center for Real Estate and Urban Policy

We investigate the socio-economic determinants of mortgage delinquency in 12 EU countries and observe that income volatility significantly increases the mortgage delinquency risk. This pattern even holds for borrowers with higher-income profiles if volatility in income is high enough. From this...