Mortgage Delinquencies And Defaults
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Mortgage Delinquencies And Defaults
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Author : United States. Congress. House. Committee on Government Operations. Manpower and Housing Subcommittee
language : en
Publisher:
Release Date : 1983
Mortgage Delinquencies And Defaults written by United States. Congress. House. Committee on Government Operations. Manpower and Housing Subcommittee and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983 with Foreclosure categories.
Rise In Mortgage Defaults
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Author :
language : en
Publisher: DIANE Publishing
Release Date :
Rise In Mortgage Defaults written by and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
Financial Literacy And Subprime Mortgage Delinquency
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Author : Kristopher Gerardi
language : en
Publisher: DIANE Publishing
Release Date : 2010-10
Financial Literacy And Subprime Mortgage Delinquency written by Kristopher Gerardi and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-10 with Language Arts & Disciplines categories.
This paper investigates whether a particular aspect of borrowers' financial literacy ¿ their numerical ability ¿ may have played a role in the subprime mortgage delinquency. The authors measure several aspects of financial literacy and cognitive ability in a survey of subprime mortgage borrowers who took out mortgages in 2006 or 2007 and match these measures to objective data on mortgage characteristics and repayment performance. They find a large and statistically significant negative correlation between numerical ability and various measures of delinquency and default. These results raise the possibility that limitations in certain aspects of financial literacy played an important role in the subprime mortgage crisis. Charts and tables.
Financial Literacy And Subprime Mortgage Delinquency
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Author : Kristopher Gerardi
language : en
Publisher:
Release Date : 2014
Financial Literacy And Subprime Mortgage Delinquency written by Kristopher Gerardi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
The exact cause of the massive defaults and foreclosures in the U.S. subprime mortgage market is still unclear. This paper investigates whether a particular aspect of borrowers' financial literacy - their numerical ability - may have played a role. We measure several aspects of financial literacy and cognitive ability in a survey of subprime mortgage borrowers who took out mortgages in 2006 or 2007 and match these measures to objective data on mortgage characteristics and repayment performance. We find a large and statistically significant negative correlation between numerical ability and various measures of delinquency and default. Foreclosure starts are approximately two-thirds lower in the group with the highest measured level of numerical ability compared with the group with the lowest measured level. The result is robust to controlling for a broad set of sociodemographic variables and not driven by other aspects of cognitive ability or the characteristics of the mortgage contracts. Our results raise the possibility that limitations in certain aspects of financial literacy played an important role in the subprime mortgage crisis.
Mortgage Loan Securitization And Relative Loan Performance
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Author : John Krainer
language : en
Publisher: DIANE Publishing
Release Date : 2010-08
Mortgage Loan Securitization And Relative Loan Performance written by John Krainer and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-08 with categories.
Compares the ex ante observable risk characteristics and the default rates of securitized mortgage loans and mortgage loans retained by the original lender. Privately securitized loans tend to be riskier and to default at a faster rate than loans securitized with the GSEs and lender-retained loans. The differences in default rates across investor types are of secondary importance for explaining mortgage defaults compared to more conventional predictors, such as original loan-to-value ratios and the path for house prices. Privately securitized home mortgages have conditionally higher expected returns than retained loans, suggesting the presence of risk factors that are unobservable but nonetheless at least partially acknowledged by the market. Illus.
Mortgage Default And Mortgage Valuation
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Author : John Krainer
language : en
Publisher: DIANE Publishing
Release Date : 2010-10
Mortgage Default And Mortgage Valuation written by John Krainer and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-10 with Law categories.
The authors 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. The model is calibrated using data on California mortgages. Given reasonable parameter values, the model does a surprisingly good job fitting the risk premium in the data for high LTV mortgages. Thus, from an ex ante perspective, the authors do not find strong evidence of systematic underpricing of default risk in the run-up to the housing market crisis. Charts and tables.
Home Mortgage Delinquency And Foreclosure
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Author : John P. Herzog
language : en
Publisher: New York : National Bureau of Economic Research
Release Date : 1970
Home Mortgage Delinquency And Foreclosure written by John P. Herzog and has been published by New York : National Bureau of Economic Research this book supported file pdf, txt, epub, kindle and other format this book has been release on 1970 with Business & Economics categories.
Mortgage Defaults
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Author : Juan Carlos Hatchondo
language : en
Publisher: International Monetary Fund
Release Date : 2012-01-01
Mortgage Defaults written by Juan Carlos Hatchondo and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-01-01 with Business & Economics categories.
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.
Australian Property Finance Made Simple
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Author : Konrad Bobilak
language : en
Publisher: Global Publishing Group
Release Date : 2018-11-01
Australian Property Finance Made Simple written by Konrad Bobilak and has been published by Global Publishing Group this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-11-01 with Business & Economics categories.
An essential tool for any serious property investor who is wanting to stake their claim in the 5.4 trillion dollar residential property market. Finally, an ex-banker, mortgage broker and property millionaire's 'tell-all' step-by-step blueprint, explaining how to build, structure and automate a multi-million dollar residential investment property portfolio correctly, that has the potential to replace your income for life! International author, speaker, entrepreneur and property expert Konrad Bobilak reveals all in this insightful and valuable book. You'll learn:- How to potentially save thousands of dollars in interest payments, and pay off your current 30-year principle and interest mortgage in 15 years or less without making any additional payments.- How to correctly structure your first and subsequent investment property acquisitions, and why you should never cross-collateralise your properties.- The function and importance of LVR (loan to value ratio), LOC (line of credit facilities), LMI (lenders mortgage insurance), offset accounts, and terms and conditions of loans.- How to beat the banks at their own game by understanding the exact formulas that the banks use to work out how much money you can borrow; DSR (debt servicing ratio).- 12 powerful ways to supercharge your borrowing capacity that will enable you to buy more property than you ever thought possible.- 19 crucial questions that you must know in order to choose the best mortgage broker in the industry.- 12 most common and deadly property finance mistakes and how you can avoid them. This book will boost your financial literacy and intelligence, and take your property investing to a whole new level!
Making Sense Of The Subprime Crisis
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Author : Kristopher S. Gerardi
language : en
Publisher: DIANE Publishing
Release Date : 2011
Making Sense Of The Subprime Crisis written by Kristopher S. Gerardi and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Business & Economics categories.
This is a print on demand edition of a hard to find publication. Explores the question of whether market participants could have or should have anticipated the large increase in foreclosures that occurred in 2007 and 2008. Most of these foreclosures stemmed from loans originated in 2005 and 2006, leading many to suspect that lenders originated a large volume of extremely risky loans during this period. While loans originated in this period did carry extra risk factors, underwriting standards alone cannot explain the dramatic rise in foreclosures. Market participants should have understood that a significant fall in prices would cause a large increase in foreclosures. Analysts understood that a fall in prices would have disastrous consequences for the market but assigned a low probability to such an outcome. Charts and tables.