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financial wealth to stocks and bonds with different maturities. Homeowners also choose the mortgage type. I show that hedge … optimal housing, stock, bond, and mortgage choice. Young homeowners take an adjustable-rate mortgage (ARM) and invest …-averse investors rather choose a combination of an ARM and a fixed-rate mortgage. …
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Housing cycles and their impact on the financial system and the macroeconomy have become the center of attention following the global financial crisis. This paper documents the characteristics of housing cycles in a large set of countries, and examines the determinants of house price movements....
Persistent link: https://www.econbiz.de/10010790415
study revealed several interesting empirical results that underpinning the importance of borrower education for mortgage …
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conference on the development of mortgage securitization held at the Inter-American Development Bank. The paper focuses on the …
Persistent link: https://www.econbiz.de/10010654618
mortgage securitization held at the IDB. Using Mexico as an example, this paper focuses on the elements of the primary mortgage … market that are relevant to establish a secondary mortgage market. …
Persistent link: https://www.econbiz.de/10010655090
highlighted by their legal life implications include those generated by the introduction of mortgage securities. This study does … not aim to analyze mortgage securities as an institution. Being a vast subject, mortgage as an institution should be the … draw a single aspect: the legal route of mortgage securities from constitution to conclusion. …
Persistent link: https://www.econbiz.de/10010661159