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Analysis, modelling, and financial perspectives of reverse mortgage implementation in Colombia [PDF]
HeliyonPurpose: Increased life expectancy in recent years, together with the downward trend in fertility rates, will accelerate the aging of the Latin American population (Flamini and et al., 2018) [1].
Luis Ángel Meneses Cerón +4 more
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Mortgage Default and Mortgage Valuation [PDF]
Federal Reserve Bank of San Francisco, Working Paper Series, 2009 We develop an equilibrium valuation model that incorporates optimal default to show how mortgage yields and lender recovery rates on defaulted mortgages depend on initial loan-to-value (LTV) ratios. The analysis treats both the frictionless case and the case in which borrowers and lenders incur deadweight costs upon default.
John Krainer +2 more
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Jahrbuch für Wirtschaftsgeschichte, 2022 Recent research in economic history has found that mortgage debt in relation to GDP has taken off in the historical long run (“great mortgaging”), as growing banking assets have been redirected into mortgage credit.
Kohl Sebastian
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Journal of Monetary Economics, 2011 We incorporate house price risk and mortgages into a standard incomplete market (SIM) model. We calibrate the model to match U.S. data, and we show that the model also accounts for non-targeted features of the data such as the distribution of down payments, the life-cycle prole of homeownership, and the mortgage default rate.
Hatchondo, Juan Carlos +2 more
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SSRN Electronic Journal, 2008 The fraction of newly-originated mortgages that are of the adjustable-rate (ARM) versus the fixed-rate (FRM) type exhibits a surprising amount of time variation. A simple utility framework of mortgage choice points to the bond risk premium as theoretical determinant: when the bond risk premium is high, FRM payments are high, making ARMs more attractive.
Koijen, R +2 more
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SSRN Electronic Journal, 2011 Abstract Complex mortgages became a popular borrowing instrument during the bullish housing market of the early 2000s but vanished rapidly during the subsequent downturn. These non-traditional loans, including interest-only and negative-amortization mortgages, enable households to postpone loan repayment in contrast to fully amortizing ...
Gene Amromin +3 more
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Valuation of reverse mortgages in the Spanish market for foreign residents
Technological and Economic Development of Economy, 2023 The continuous growth in life expectancy, besides to the difficult economic and financial situation of the public pension system in Spain, makes reverse mortgages an attractive solution for providing additional income to retirees. However, despite being
David Atance +2 more
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Mortgage Innovation, Mortgage Choice, and Housing Decisions [PDF]
Review, 2008 This article has two objectives. The …rst is to examine some of the new mortgage prod- ucts that have appeared in the mortgage market in recent years. We illustrate how these products dier across important characteristics such as the downpayment requirement, re- payment structure, and amortization schedule.
Matthew S. Chambers +2 more
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Termination of mortgages [PDF]
Ekonomski Signali, 2016 Article aims to show the new regulations which made significant changes in the positive legislation of the Republic of Serbia when it comes to the field of security claims, all observed in light of the new Mortgage Law. The aim of every legal transaction
Savić Jadranka
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Crimea and Sevastopol integration into the Russian Federation: economic and legal aspects
Вестник Северо-Кавказского федерального университета, 2023 The economic and legal integration of Crimea and Sevastopol into the Russian Federation, in fact, represented a unique experience in lawmaking. For the legislators of the Russian Federation and Crimea, it is crucially important to create a unified legal ...
E. A. Posnaya, B. А. Bukach
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