Results 181 to 190 of about 677 (217)

House Price, Mortgage Premium, and Business Fluctuations [PDF]

SSRN Electronic Journal, 2011
This paper investigates the transmission mechanism of mortgage premium to characterize the relationship between the housing market and the business cycle for the U.S. economy. The model matches the main features of the U.S. housing market and business cycles well.
Nan-Kuang Chen, Han-Liang Cheng, Ching-Sheng Mao   +2 more
openaire   +1 more source

Some of the next articles are maybe not open access.

Related searches:

Income Inequality, Mortgage Debt and House Prices

SSRN Electronic Journal, 2021
This paper studies housing and credit market implications of increasing income inequality and discusses how a low interest rate environment can alter its consequences. I develop an analytical general equilibrium model with a novel borrower risk composition channel of income inequality.
openaire   +1 more source

Housing Returns with Mortgage and Price Shocks

Journal of Real Estate Research, 2020
We examine the sum of the net rent-price ratio plus the expected real capital gains, which is the real return to holding a house.
Peter Chinloy, Man Cho, Cheng Jiang, Inho Song   +3 more
openaire   +1 more source

Mortgage Leverage and House Prices

SSRN Electronic Journal, 2020
I measure the effect of mortgage debt-to-income restrictions on house prices using a change in the eligibility requirements imposed by Fannie Mae and Freddie Mac. I show that in 1999 Fannie Mae and Freddie Mac’s debt-to-income rules diverged, leading to tighter lending standards in places where local lenders had pre-existing relationships with Freddie ...
openaire   +1 more source

FHA AND VA MORTGAGE DISCOUNT POINTS AND HOUSING PRICES

The Journal of Finance, 1977
ONE OF THE MOST DEBATED ISSUES in mortage lending is whether buyers or sellers pay discount points charged by lenders when FHA insured or VA guaranteed mortgage are used to finance housing purchases. Discount points are charged by lenders making FHA and VA mortgage loans for two reasons: first, contract interest rates on these loans are regulated' and ...
Zerbst, Robert H, Brueggeman, William B
openaire   +1 more source

Bargaining, Mortgage Financing, and Housing Prices

Journal of Real Estate Research, 2018
Bargaining and mortgage financing have been extensively studied. However, they have only been studied separately. This paper is the first to embed financing into a bargaining model.
Xun Bian, Zhenguo Lin, Yingchun Liu
openaire   +1 more source

House-Price Expectations, Alternative Mortgage Products, and Default [PDF]

SSRN Electronic Journal, 2013
August 2013, Revised December 2014 Rapid house-price depreciation and rising unemployment were the main drivers of the huge increase in mortgage default during the downturn years of 2007 to 2010. However, mortgage default was also associated with an increased reliance on alternative mortgage products such as pay-option and interest-only adjustable rate
Jan K. Brueckner, Paul S. Calem, Leonard I. Nakamura   +2 more
openaire   +2 more sources

Mortgage recourse provisions and housing prices

Regional Science and Urban Economics, 2018
Abstract In light of the large swings in housing prices in the United States in recent years, there has been considerable interest in trying to understand the various factors which led to the boom and bust of the housing market. In this paper, we explore the impact of the legal environment from provisions for mortgage default across U.S. states.
Robert R. Reed, Amanda LaRue, Ejindu S. Ume   +2 more
openaire   +1 more source

The Mortgage Market Meltdown and House Prices

The B.E. Journal of Economic Analysis & Policy, 2009
Abstract This paper argues that the U.S. mortgage debacle must be analyzed in the broader setting of global real estate markets. Recent U.S. home price growth closely tracked increases in other developed economies. The analysis distinguishes among market regions in terms of supply elasticity and localized transactions-costs.
R. Glenn Hubbard, Christopher J Mayer
openaire   +1 more source

Population Density, House Prices and Mortgage Design

Scottish Journal of Political Economy, 2012
AbstractWhether house prices rise faster or slower than average incomes affects the level of home ownership and the riskiness of different means of financing house purchase. This study develops a model of the housing market with the property that the major determinant of house price rises relative to incomes is the evolution of population density.
openaire   +1 more source