housing wealth and the non-collateralisability of human wealth. A decline in house prices reduces the scope for mortgage …

The mortgage default decision is part of a complex household credit management problem. We examine how factors … affecting mortgage default spill over to other credit markets. As home equity turns negative, homeowners default on mortgages … intensify the preservation of credit cards over housing debt. Although mortgage non-recourse statutes increase default on all …

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

Initial yields on both AAA-rated and non-AAA rated mortgage-backed security (MBS) tranches sold by large issuers are …

Nearly a third of all families purchasing new homes in 2006 obtained a mortgage from a financing company owned or … affiliated with a large homebuilder. Corporate parent profits from both the sale of the house and from financing the mortgage …, which may lead to less screening of borrowers and mortgage terms to get the deal done. In this paper, we use loan-level data …

This paper investigates the transmission mechanism of mortgage premium to characterize the relationship between the … business cycles well. The mortgage premium is crucial for the amplification and propagation of the model to match the data. If …

This study provides the valuation of mortgage insurance (MI) considering upward and downward jumps in housing prices …, which display separate distributions and probabilities of occurrence, and the mortgage insurer's default risk. The empirical … diffusion and the Black-Scholes model, generally used in previous literature, to fit the single-family mortgage national average …

mortgage market. Specifically, we examine how judicial review requirements, lenders' recourse rights (deficiency judgments …

housing wealth and the non-collateralisability of human wealth. A decline in house prices reduces the scope for mortgage …

The decision to use reverse mortgage is influenced by a myriad of factors among which some are behaviourally related … influence individual's intention to use reverse mortgage in the future. Using a convenient sampling strategy, a total number of …