legislative and institutional reforms leading to the development of primary and secondary mortgage markets and reports the main … outlook for the Mexican RMBS market and draws some lessons from the recent U.S. subprime mortgage market problems. …

This paper gives a general mortgage model subject to sub-optimal prepayment behavior of borrowers. The proposed … classification of approaches to the option-based and mortgage-rate-based (MRB) specification is validated by the fact that these two … approach based on the MRB idea with the endogenous mortgage rate process. The mortgage rate process is defined and the …

mortgage servicing contracts for both adjustable rate and fixed rate mortgages. The valuation model is comprised of an … the price of mortgage servicing rights to the changes in the economic environment is also analyzed. This work is …

Pricing of cap insurance contracts is considered for political mortgage rates. A simple stochastic process for mortgage … be obtained to assess the risk of a contract. The method is illustrated by applying it to observed quarterly mortgage …

This Selected Issues paper on the United States examines the effect of the structure of the mortgage market on real … housing activity and housing prices. The market-based financial structure has reduced the volatility of mortgage lending …. Changes in the structure of the mortgage market have coincided with lower volatility of real housing activity. Regional income …

United Kingdom. Mortgage market liberalization and innovation should reduce household cash flow and collateral constraints …

Jappelli and Pagano (1994) argues that tightening the borrowing constraints in the mortgage markets promotes savings … savings and growth rates to fall. Therefore, for countries with scarce mortgage availability like those in the Middle East …, expanding the mortgage markets to some extent is conducive to savings and growth. …

could withstand sizable shocks to their exposure to residential mortgages. However, combining residential mortgage shocks …