Results 1 to 10 of about 197,862 (341)
Review of Finance, 2018 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, Clemens Sialm
exaly +6 more sources
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
doaj +2 more sources
Fixed rate versus adjustable rate mortgages: Evidence from euro area banks
European Economic ReviewWhy do residential mortgages carry a fixed or an adjustable interest rate? To answer this question we study unique data from 103 banks belonging to 73 different banking groups across twelve countries in the euro area.
Steven Ongena
exaly +2 more sources
Advertising Expensive Mortgages
Journal of Finance, 2016 Umit G Gurun, Gregor Matvos, Amit Seru
exaly +2 more sources
Homeownership and Nontraditional and Subprime Mortgages
Housing Policy Debate, 2017 Arthur Acolin +2 more
exaly +2 more sources
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
doaj +1 more source
Do Minorities Pay More for Mortgages?
The Review of financial studies, 2020 We test for racial discrimination in the prices charged by mortgage lenders. We construct a unique data set from which we observe the three dimensions of a mortgage’s price: the interest rate, discount points, and fees.
Neil Bhutta, Aurel Hizmo
semanticscholar +1 more source
Structuring Mortgages for Macroeconomic Stability
Journal of Finance, 2020 We study mortgage design features aimed at stabilizing the macroeconomy. We model overlapping generations of mortgage borrowers and an infinitely lived risk-averse representative mortgage lender.
J. Campbell, Nuno Clara, João F. Cocco
semanticscholar +1 more source
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
doaj +1 more source
Aging in Place, Housing Maintenance, and Reverse Mortgages
The Review of Economic Studies, 2020 We study the role of housing wealth in financing retirement consumption. In our model retirees: 1. derive utility benefits from remaining in their home (aging in place); and 2. choose in each period whether to maintain their house. The evidence that we
João F. Cocco, Paula Lopes
semanticscholar +1 more source