We study the effect of gender in a new financial behavior context: the choice of a mortgage. While adjustable rate … propensity to apply for an adjustable rate mortgage among higher income applicants is 2.6-10 percentage points, or 10-50%, lower … for women. Results are robust to inclusion of education and financial determinants of mortgage choice. We also find that …

This chapter considers the structure of mortgage finance in the United States and its role in shaping patterns of … on 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 …

mortgage borrowing and housing investment at the early stage of the life cycle. In the model, households move up the property … ladder by increasing their mortgage debt after they have accumulated enough home equity. Since liquidity constraints and …

the Maltese islands, primarily via the mortgage market. This process is characterised by (i) financial extension, in which … more households partake in mortgage finance in their entry to homeownership, and (ii) financial intensity, in which … households accumulate more debt in accessing the property market. In explaining this process, I claim, firstly, that mortgage …

selection and income misrepresentation in the mortgage market. We show that the majority of additional risk associated with "low …

recent subprime mortgage crisis. Why did the financial markets fail to anticipate the recent debt crisis, despite the large … early warning signal of the recent crisis. -- Stochastic optimal control ; dynamic optimization ; mortgage crisis ; Ito …

mortgage equity withdrawal. For given sequences of future after-tax labour income and interest rates, this may depress …