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Loan Performance of Contractual Savings for Housing

Burghof, Hans-Peter - 2017

We argue that the combination of a loan with a mandatory saving period as a precondition for loan approval can be used as a mechanism to improve the creditworthiness of the pool of borrowers. This result is based on the argument that the personal creditworthiness of a borrower is strongly...

Persistent link: https://www.econbiz.de/10012962030

Financially Constrained Mortgage Servicers

Aiello, Darren - 2019

Financially constrained mortgage servicers destroyed substantial MBS investor value during the financial crisis through … aggressively pursued foreclosures and modifications at the expense of investors, borrowers, and future mortgage performance. IV …

Persistent link: https://www.econbiz.de/10012900730

The Efficiency of Savings-Linked Relationship Lending for Housing Finance

Kirsch, Steffen - 2019

We characterize Contractual Saving for Housing (CSH), a widespread and important product of household housing finance in Continental Europe, as relationship lending that is based on information production about borrowers in preceding saving relationships. In a multi-period partial equilibrium...

Persistent link: https://www.econbiz.de/10012903158

Fixed Rate Versus Adjustable Rate Mortgages : Evidence from Euro Area Banks

Albertazzi, Ugo - 2019

mortgage-backed securities is more widespread …

Persistent link: https://www.econbiz.de/10012898840

An Empirical Analysis of Real Estate Lending and Bank Failures : 1863-2012

Jackson, Thad - 2018

As demonstrated during the financial crisis of 2007-8 and several other times throughout history, bank failures can pose a threat to financial system stability and broader economic growth. The importance of real estate lending to banks' financial viability and the relationship between real...

Persistent link: https://www.econbiz.de/10012936051

The Mortgage Illusion

Camanho, Nelson - 2018

We propose and test a new heuristic on the decision to buy or rent a house: the mortgage illusion, in which potential … home buyers are influenced by the comparison between the monthly rental payment and the monthly mortgage installment, for … is higher than the monthly mortgage installment. Our experimental designs and results are robust to ownership bias and …

Persistent link: https://www.econbiz.de/10012940442

Real Estate Finance

Atteberry, William - 2017

Lien theory, private mortgage insurance, balloons, biweeklies, wraps, bridge financing, ARMs vs GPMs, growing equities …

Persistent link: https://www.econbiz.de/10012970822

Consumer Ruthlessness and Mortgage Default During the 2007 to 2009 Housing Bust

Bhutta, Neil - 2017

From 2007 to 2009 U.S. house prices plunged and mortgage defaults surged. While ostensibly consistent with widespread … “ruthless default,” analysis of detailed mortgage and house price data indicates that borrowers do not walk away until they are …

Persistent link: https://www.econbiz.de/10012976495

Fixed Rate versus Adjustable Rate Mortgages : Evidence from Euro Area Banks

Albertazzi, Ugo - 2019

mortgage-backed securities is more widespread …

Persistent link: https://www.econbiz.de/10012860418

How Mortgage Finance Affects the Urban Landscape

Chan, Sewin - 2015

This chapter considers the structure of mortgage finance in the U.S., and its role in shaping patterns of homeownership … the design features of mortgage contracts that distinguish them from other loans, and that have important implications for … issues presented in the rest of the chapter. We then explain how mortgage finance interacts with public policy, particularly …

Persistent link: https://www.econbiz.de/10013017425