Location Efficiency and Mortgage Default
نویسندگان
چکیده
منابع مشابه
Residential Mortgage Default
although default rates on residential mortgages have been relatively low in recent years, policymakers and economists should still be concerned about mortgage default for several reasons. First, while the foreclosure rate in the u.s. has averaged only 1 percent over the past 20 years, there have been dramatic swings in regional default rates over this period. For example, in the early 1990s for...
متن کاملA Model of Mortgage Default
This paper solves a dynamic model of householdsmortgage decisions incorporating labor income, house price, ination, and interest rate risk. It uses a zero-pro t condition for mortgage lenders to solve for equilibrium mortgage rates given borrower characteristics and optimal decisions. The model quanti es the e¤ects of adjustable vs. xed mortgage rates, loan-to-value ratios, and mortgage a¤or...
متن کاملNumerical ability predicts mortgage default.
Unprecedented levels of US subprime mortgage defaults precipitated a severe global financial crisis in late 2008, plunging much of the industrialized world into a deep recession. However, the fundamental reasons for why US mortgages defaulted at such spectacular rates remain largely unknown. This paper presents empirical evidence showing that the ability to perform basic mathematical calculatio...
متن کاملMortgage Default: Classification Trees Analysis
We introduce the powerful, flexible and efficient nonparametric Classification and Regression Trees (CART) algorithm to the analysis of mortgage default data while conducting the first academic study of mortgage default in Israel. CARTs strengths in dealing with large data sets, high dimensionality, mixed data types, missing data, different relationships between variables in different parts of...
متن کاملVolatility, Mortgage Default, and CMBS Subordination
This paper calculates loan-by-loan estimates of commercial real estate implied volatility using all commercial mortgages in 206 public CMBS deals from 1996 through 2005 — a total of over 14,000 loans. The implied volatilities average about 20–24% per annum, with some differences across property types. Using these implied volatilities, we compute the distribution of default rates for representat...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Sustainable Real Estate
سال: 2010
ISSN: 1949-8276,1949-8284
DOI: 10.1080/10835547.2010.12091811