The efficiency of residential mortgage guarantee insurance markets [PDF]
Mortgage Guarantee Insurance (MGI) provides protection to lenders against default by borrowers who have less than 20 percent equity interest in the mortgaged property.
Donald S. Allen, Thomas S. Chan
core
Real Estate Equity Investments and the Institutional Lender: Nothing Ventured, Nothing Gained [PDF]
, 1971 We consider a setup in which the channel from Alice to Bob is less noisy than the channel from Eve to Bob. We show that there exist encoding and decoding which accomplish error correction and authentication simultaneously; that is, Bob is able to ...
Roegge, Frank E. +2 more
core +2 more sources
Reputation and Asset Prices: Evidence From Trump Real Estate
Financial Management, EarlyView.ABSTRACT We analyze the impact of brand reputation on asset prices by exploiting the prominence of Donald Trump in Manhattan real estate. Our quasi‐experiment identifies a 14.5% discount to condominiums in Trump‐branded buildings after controversies surrounding Trump's presidential candidacy began in June 2015 up to 2022.
Marlene Koch, Simon Stehle, Rémi Vivès
wiley +1 more source
Pursuing the American Dream: Homeownership and the Role of Federal Housing Policy [PDF]
, 2002 Homeownership has always been a strong component of housing and housing policy in the United States. Owning a home is considered an important social and economic indicator, as well as a symbol of having a stake in society and contributing to the ...
Michael Collins
core
A review of the methodologies used in compiling owner-occupiers’ housing indices. ESRI Working Paper 651 January 2020 [PDF]
, 2020 This paper examines the manner in which owner-occupiers housing costs are incorporated in the official inflation index. In particular, the focus is on the net acquisitions and the payments approach, which are currently used by the Central Statistics ...
Ahrensa, Achim +5 more
core
The Effects of Information Technologies on the Bankruptcy Decision
Financial Management, EarlyView.ABSTRACT Exploiting the staggered adoptions of electronic systems across 70 bankruptcy courts in the United States, I investigate the impacts of digital transformation on bankruptcy behavior. The digital transformation in bankruptcy courts significantly lowered the cost of filing by enabling debtors to file for bankruptcy online, yet empirical tests ...
Jeyul Yang
wiley +1 more source
Testing for Contagion in International Financial Markets: To See More, Go Higher
Financial Review, EarlyView.ABSTRACT Traditional measures of financial contagion rely on correlation shifts, overlooking higher moments such as skewness and kurtosis. We examine contagion during two major financial crises, incorporating lower‐ and higher‐moment measures. We analyze stock market returns from 22 major markets at different frequencies, offering a global perspective ...
Simeon Coleman, Vitor Leone
wiley +1 more source
A feasibility analysis of reverse mortgages in Brazil
Journal of Urban ManagementIn this study, we examine the feasibility of reverse mortgages in Brazil from the perspectives of both policyholders and insurers. Reverse mortgage is a financial product where the property's ownership is transferred to an insurance company in exchange ...
João Vinícius de França Carvalho +1 more
doaj +1 more source
Creating insurance markets for natural disaster risk in lower income countries: the potential role for securitization [PDF]
This paper considers the potential for securitizing index-based insurance products that transfer weather and natural disaster risks from lower income countries.
Barnett, Barry J. +2 more
core +1 more source
Mind the Gap - Issues in Overcoming the Information, Income, Wealth, and Supply Gaps Facing Potential Buyers of Affordable Homes [PDF]
, 2001 While the overall homeownership rate in the United States is at an all-time high, the gap between the ownership rates of low-income and higher-income households remains wide.
Doug Dylla, J. Michael Collins
core