Results 11 to 20 of about 197,862 (341)
Mortgage default and mortgage valuation [PDF]
Federal Reserve Bank of San Francisco, Working Paper Series, 2009 We study optimal exercise by mortgage borrowers of the option to default. Also, we use an equilibrium valuation model incorporating default to show how mortgage yields and lender recovery rates on defaulted mortgages depend on initial loan-to-value ...
John Krainer +2 more
core +3 more sources
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
openaire +5 more sources
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
openaire +1 more source
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
openaire +2 more sources
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
doaj +1 more source
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
doaj +1 more source
Mortgage Contract Choice in Subprime Mortgage Markets [PDF]
Finance and Economics Discussion Series, 2010 The boom in the subprime mortgage market yielded many loans with high LTV ratios. From a large proprietary database on subprime mortgages, we find that choice of mortgage rate type is not linear in loan sizes. A fixed rate mortgage contract is a popular choice when loan size, measured by LTV ratio, is small.
Gregory E. Elliehausen, Min Hwang
openaire +1 more source
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
doaj +1 more source
An Approximate Closed Formula for European Mortgage Options
Trends in Computational and Applied Mathematics, 2023 The aim of this paper is to investigate the use of close formula approximation for pricing European mortgage options. Under the assumption of logistic duration and normal mortgage rates the underlying price at the option expiry is approximated by ...
A. M. Lopez Galvan
doaj +1 more source
Is there a demand for reverse mortgages in China? Evidence from two online surveys
Journal of Economic Behavior and Organization, 2019 Reverse mortgages provide an alternative source of retirement funding by allowing older homeowners to borrow against their home. However, a recent pilot program of reserve mortgage products in several large Chinese cities saw almost no take up.
Katja Hanewald +3 more
semanticscholar +1 more source