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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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A Primer on the Mortgage Market and Mortgage Finance [PDF]
Review, 2008 This article is a primer on mortgage finance. It discusses the basics of the mortgage market and mortgage finance. In so doing, it provides useful information that can aid individuals in making better mortgage finance decisions. The discussion and the tools are presented within the context of mortgage finance; however, these same principles and tools ...
Daniel J. McDonald, Daniel L. Thornton
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Mortgage Terminations, Heterogeneity and the Exercise of Mortgage Options [PDF]
Econometrica, 1999 As applied to the behavior of homeowners with mortgages, option theory predicts that mortgage prepayment or default will be exercised if the call or put option in in the money by some specific amount. Our analysis: tests the extent to which the option approach can explain default and prepayment behavior; evaluates the practical importance of modeling ...
Deng, Yongheng +2 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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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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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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The Financial Crisis and the Global Shadow Banking System
Revue de la Régulation, 2009 The financial crisis triggered by increasing default rate, real estate devaluation and financial asset depreciation associated with the US subprime mortgages brought back the debate about the framework of the US and international financial systems, their
Maryse Farhi +1 more
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