The Impact of Repossession Risk on Mortgage Default PDF Download
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Author: Terry O'Malley
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Terry O'Malley
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Mark P Thompson
Publisher: Hyperion Books
ISBN: 9781851901944
Category : Mortgages
Languages : en
Pages : 111
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Book Description
This guide adopts a practical approach to the relevant law, examining the provisions relating to mortgage possession actions, and the subsequent sales of properties, including third-party rights and the question of priorities.
Author: Bart Lambrecht
Publisher:
ISBN:
Category : Default (Finance)
Languages : en
Pages : 29
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Author: Juan Carlos Hatchondo
Publisher: International Monetary Fund
ISBN: 1463932537
Category : Business & Economics
Languages : en
Pages : 33
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Book Description
This paper incorporates house price risk and mortgages into a standard incomplete market (SIM) model. The model is calibrated to match U.S. data and accounts for non-targeted features of the data such as the distribution of down payments, the life-cycle profile of home ownership, and the mortgage default rate. The average coefficients that measure the agents' ability to self-insure against income shocks are similar to those of a SIM model without housing but housing increases the values of these coefficients for younger agents. The response of consumption to house price shocks is minimal. The introduction of minimum down payments or income garnishment benefits a majority of the population.
Author: Robert F. Cotterman
Publisher:
ISBN: 9780756720148
Category :
Languages : en
Pages : 102
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Book Description
Examines the effect of neighborhood characteristics on the default of FHA mortgages. Analysis includes both neighborhood characteristics & characteristics of the individual loan & borrower, so that the effects of the neighborhood can be distinguished from those of the individual loan. Analysis seeks to distinguish the effects of neighborhood, race, ethnicity, & income from the effects of the individual borrower's status. Finds that lower tract income & higher tract black composition are assoc. with higher rates of default, whereas individual borrower race or income are unrelated to default. Examines possible causes for these findings. Charts & tables.
Author: Paul Bachman
Publisher:
ISBN:
Category : Default (Finance)
Languages : en
Pages : 322
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Book Description
Author: Karl E. Case
Publisher:
ISBN:
Category : Foreclosure
Languages : en
Pages : 34
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Book Description
Evidence is shown, using US foreclosure data by state 1975-93, that periods of high default rates on home mortgages strongly tend to follow real estate price declines or interruptions in real estate price increase. The relation between price decline and foreclosure rates is modelled using a distributed lag. Using this model, holders of residential mortgage portfolios could hedge some of the risk of default by taking positions in futures or options markets for residential real estate prices, were such markets to be established
Author: David B. Nickerson
Publisher:
ISBN:
Category :
Languages : en
Pages : 30
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Book Description
Although crime rates have long been thought to influence residential housing prices, no previous study has measured the effect of crime rates on rates of default on residential mortgages. Using a standard model of default in which crime rates can affect both the value of property and the liquidity of mortgageholders this paper empirically measures the effect of state--level crime on the frequency of residential mortgage default. Specifically, regression analysis, based on FBI data on both violent and property crime rates, is used to analyze default rates over a pooled sample of residential mortgages for all U.S. states and the District of Columbia during a 14--year period (1981-94).It is found that crime, possibly acting as a proxy for more general socioeconomic neighborhood deterioration, significantly affects the rate of mortgage default. This effect, somewhat surprisingly, is most important for conventional mortgage loans. Violent crime has a more delayed impact than does property crime in increasing defaults. Other factors which are found to strongly influence default are state--level personal income growth and state unemployment rates. These results support the assertion that the economic costs of crime are more pervasive and subtle than often discussed.
Author: Steve Wilcox
Publisher:
ISBN: 9781872423982
Category : Default (Finance)
Languages : en
Pages : 96
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Book Description
Author: Christopher D. Carroll
Publisher: University of Chicago Press
ISBN: 022612665X
Category : Business & Economics
Languages : en
Pages : 517
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Book Description
Robust and reliable measures of consumer expenditures are essential for analyzing aggregate economic activity and for measuring differences in household circumstances. Many countries, including the United States, are embarking on ambitious projects to redesign surveys of consumer expenditures, with the goal of better capturing economic heterogeneity. This is an appropriate time to examine the way consumer expenditures are currently measured, and the challenges and opportunities that alternative approaches might present. Improving the Measurement of Consumer Expenditures begins with a comprehensive review of current methodologies for collecting consumer expenditure data. Subsequent chapters highlight the range of different objectives that expenditure surveys may satisfy, compare the data available from consumer expenditure surveys with that available from other sources, and describe how the United States’s current survey practices compare with those in other nations.
