Policymakers have expressed concern that some mortgage holders do not understand or correctly choose their mortgage … products, especially alternative mortgage products (AMPs) with back-loaded payments. Using a specially design question module … standard repayment mortgage. We show poor financial literacy and present bias raise the likelihood of choosing an AMP …

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

done to stop it. We use an economic model to focus on two key decisions: the borrower's choice to default on a mortgage and … illustrate that unaffordable loans, defined as those with high mortgage payments relative to income at origination, are unlikely …

Millions of Americans have negative housing equity, meaning that the outstanding balance on their mortgage exceeds …

contemporary discussions of the mortgage market to see what market participants thought would happen, the authors find that …

done to stop it. We use an economic model to focus on two key decisions: the borrower's choice to default on the mortgage … illustrate that "unaffordableʺ loans, defined as those with high mortgage payments relative to income at origination, are …

towards mortgage indebtedness. We find that a given debt burden creates much higher distress in countries with fewer mortgage … holders relative to countries where a significant part of households uses mortgage debt. This effect is net of ppp …. - Mortgage debt ; credit markets ; financial distress ; household finance ; peer effects …

Using comparable survey data from twelve European countries we investigate households' attitudes towards mortgage … households have a mortgage outstanding relative to countries where a sizeable part of the population uses mortgage debt, like the … reference households, and crucially so in countries with less expanded mortgage markets. Thus it appears that households …

Choosing a mortgage is one of the most important financial decisions made by a household. Financial innovation has … given rise to more complex mortgage products with back-loaded payments, known as 'Alternative Mortgage Products' (AMPs), or … 'nterest-Only Mortgages'. Using a specially designed question module in a representative survey of UK mortgage holders, we …

begins with an overview of the different loss mitigation tools that mortgage lenders and policymakers have used in the past … rather try to help homeowners who have already experienced foreclosure. -- mortgage ; foreclosure ; modification …