Rural homeownership is promoted in the United States by mortgage insurance programs administered by the federal … Rural Housing Service. We find applicants are sensitive to the relative annual mortgage insurance premiums and guarantee … mortgage choice …

This study sets up a contingent-claim framework incorporating the default risk of a mortgage insurer and the capital … forbearance of regulators to value mortgage insurance (MI) contracts. We further investigate how critical policy parameters, such … of a catastrophic risk in the housing price. For mortgage insurers with a lower asset-liability ratio, the effect of the …

This paper studies how ambiguity aversion affects the pricing of mortgage insurance (MI). We consider pricing …-kernel ambiguity arising from market incompleteness. This ambiguity model is applied to a standard framework of MI-ML (mortgage loan … constraints. By using the U.S. city-level housing and mortgage data, we estimate that, on average, ambiguity aversion increases MI …

If mortgage borrowers default strategically, their future house price expectations should affect their present mortgage …

Sand State MSAs had more than double the mortgage originations, defaults and price fluctuations than other MSAs. We show …

Adjustable rate mortgages (ARMs) made a dramatic entry into the U.S. mortgage market subsequent to the passage of the … a first mortgage had declined to 11% and the use of ARM's was often then described as a tool for affordability - since … the rates are commonly lower than for a fixed rate mortgage for a given repayment risk class of borrower. By 2013 the …