Results 1 to 10 of about 1,487 (263)
House Price Beliefs And Mortgage Leverage Choice [PDF]
The Review of Economic Studies, 2017 AbstractWe study the relationship between homebuyers’ beliefs about future house price changes and their mortgage leverage choices. Whether more pessimistic homebuyers choose higher or lower leverage depends on their willingness and ability to reduce the size of their housing market investments.
Bailey, Michael +3 more
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Capital requirements, mortgage rates and house prices
Journal of Banking & Finance, 2021 We study the effect of an increase in capital requirements for residential mortgages on mortgage rates and house prices. We exploit a unique quasi-experiment in which affected banks faced an increase in risk weights of five percentage points. Using a difference-in-difference estimator we find that treated banks increase their mortgage rates by 18 basis
Sven Damen, Stef Schildermans
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The Causal Effect of House Prices on Mortgage Demand and Mortgage Supply [PDF]
SSRN Electronic Journal, 2014 We identify the causal effect of house prices on mortgage demand and supply in Switzerland by exploiting exogenous shocks to immigration and thereby to house prices. Detailed micro data allow us to observe multiple offers for each mortgage request. We find a 1% increase in house prices to raise the requested mortgage amount by 0.52%.
Basten, Christoph, Koch, Cathérine
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Mortgage underwriting and house prices: Evidence from the 2011 change in the Dutch Code of Conduct for mortgage loans [PDF]
Real Estate Economics, 2022 AbstractDuring the Global Financial Crisis, house prices sharply declined in all West‐European countries, but after an initial recovery the Dutch housing market experienced a second dip. This paper examines whether the introduction of the tightened Code of Conduct for Mortgage Loans in 2011 had an effect on Dutch house prices.
Jan Rouwendal, Antonia Petrat
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Pricing of Reverse Mortgage on Forward House Sale [PDF]
Advances in Intelligent Systems Research, 2006 This paper aims to analyse the risks involved in reverse mortgage on a forward sale of house by elderly homeowner. We provide a practical solution to institutions planning to issue such reverse mortgages. We propose the formation of Senior Citizens Housing Trust for retired homeowners who wish to sell their homes forward in order to raise cash through ...
Patel, Kanak +4 more
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Mortgage Selection: Interactive Effects of House Price Appreciation and Mortgage Pricing Components [PDF]
Federal Reserve Bank of San Francisco, Working Paper Series, 2019 Research has shown evidence of a link between house price appreciation and the selection of mortgage financing options: Higher appreciation is associated with higher take-up rates for adjustable-rate mortgages relative to fixed-rate mortgages. Research also finds that mortgage interest rates and their underlying components are important determinants of
Frederick T. Furlong +2 more
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House prices, consumption and the role of non-Mortgage debt [PDF]
Journal of Banking & Finance, 2017 La présente étude porte sur le lien que le recours au crédit pourrait constituer entre les prix des maisons et la consommation. À partir d’un ensemble unique de données détaillées sur les ménages canadiens qui rend compte de l’utilisation que ceux-ci font de leurs emprunts, les auteurs examinent tout d’abord le lien entre les prix des maisons et la ...
Kartashova, Katya, Tomlin, Ben
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House Price Markups and Mortgage Defaults
Journal of Money, Credit and Banking, 2022 AbstractThe transaction price of identical housing units can vary widely due to heterogeneity in buyer and seller preferences, matching, and search costs, generating what we term “markups” above or below the average market price. We measure markups for 3.4 million purchase‐money mortgages and show that they can predict mortgage defaults and credit ...
PAUL E. CARRILLO +2 more
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ACCESS TO MORTGAGE CREDIT AND HOUSING PRICE DYNAMICS
International Journal of Strategic Property Management, 2016 In real estate studies, arguably the most important topic revolves around what actually affect the price of properties. In addition to various macroeconomic factors, the mortgage industry is also believed to play a major role. Nonetheless, despite its profound implications on the banking sector, the property market, and the economy as a whole, there is
Hui, ECM, Ng, IMH
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The uncoupling of house prices and mortgage debt: towards wealth-driven housing market dynamics
International Journal of Housing Policy, 2023 Mortgage credit has been central in fuelling housing market dynamics in many countries. While mortgage debt and house price increases used to go hand in hand, we see an uncoupling post-global financial crisis, with relative mortgage debts decreasing while house prices are increasing at unprecedented rates.
Cody Hochstenbach, Manuel B. Aalbers
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