China’s real estate market develops fast. And the demand for housing mortgage is increasing at the same time. However, because of its long period and poor liquidity, the increasing personal housing mortgage will inevitably add more risks for commercial banks in their asset-debt management. It is a must to apply the housing mortgage-backed securitization. This paper discusses the development of ...

Since 1978, China has embarked on the ambitious transition from a planned economy toward a market economy, which has resulted in profound changes in every aspect of the society, including the provision and consumption of housing. With privatization in the housing system and the emergence of a housing market, the rate of homeownership in urban China has sky-rocketed from around 20% in the 1980s ...

The current trend in US public housing redevelopment is to replace existing high-rise, high density 'projects' with new lower density, mixed-income communities. The underlying assumption is that mixing together market rate and public housing units will result in social interaction of low-income and middle-income families, which in turn is to provide greater opportunities and reduce social isola...

The purpose of this research is to analyze the convergence of regional house prices and its complexity in China. In this purpose it used nonlinear time varying factor model. The obtained results have provided evidences for the existence of some degree of segmentation in China’s housing market. By further dynamic analysis of the convergence, we have found that important housing policies from Chi...

I develop an equilibrium model of housing and mortgage markets where house prices, mortgage interest rates, and leverage ratios are all determined endogenously. Agents are forward looking and have rational expectations. House prices adjust so that demand from new buyers clears with supply created by existing sellers. Housing demand is affected by the price and availability of contracts in the m...

This chapter provides a detailed discussion of the evidence on housing and mortgage lending, as well as the potential impacts of such discrimination on minority outcomes like homeownership and neighborhood environment. The paper begins by discussing conceptual issues surrounding empirical analyses of discrimination including explanations for why discrimination takes place, defining different fo...

This paper examines the effects of selected macroeconomic variables on the stock market index in Iran. Using quarterly data, we examine the relationships between the Tehran Stock Index (TSI) and five macroeconomic variables which consist of gross domestic product, nominal effective exchange rate, money supply, gold coin price and investment in housing sector from 1996:1 to 2008:1.Various e...

U.S. metropolitan neighborhoods have become increasingly segregated by income over the past thirty years. The metropolitan areas with the largest rises in income segregation include a number of distressed cities in industrial decline, as well as a subset of rapidly growing metropolitan areas. I propose a simple model based on the notion that rising income inequality creates market pressure (or ...