Economics of the mortgage market perspectives on household decision making /
The analysis of the mortgage market is a specialised field but examines a financial market with extremely wide-ranging implications; it affects the stability of the whole economy. The key thing about this analysis is the increasing importance of the secondary mortgage market - which in the US is now...
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Corporate Authors: | ; |
Published: |
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Literature type: | Electronic eBook |
Language: | English |
Series: |
Real estate issues
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Subjects: | |
Online Access: |
http://onlinelibrary.wiley.com/book/10.1002/9780470694022 |
Summary: |
The analysis of the mortgage market is a specialised field but examines a financial market with extremely wide-ranging implications; it affects the stability of the whole economy. The key thing about this analysis is the increasing importance of the secondary mortgage market - which in the US is now several times larger than the market for government debt. The UK secondary mortgage market is also growing and the book will provide a timely resource to those active and interested in this important financial market. The 1990s saw an enormous growth of mortgage market analysis as an academic subje. |
Item Description: | "RICS Foundation"--Cover. |
Carrier Form: | xii, 258 pages : illustrations ; 25 cm. |
Bibliography: | Includes bibliographical references (pages 235-252) and index. |
ISBN: |
9780470694022 0470694025 9780470693230 (electronic bk.) 0470693231 (electronic bk.) 1281312002 9781281312006 |
Index Number: | HG2040 |
CLC: | F830.5 |
Contents: | An introduction to mortgage market economics -- The demand for mortgage finance : theory -- The demand for mortgage finance : empirical evidence -- The "tilt", mortgage designs, and the amortisation of debt -- Rationing, mortgage market adjustment, and separating equilibrium -- Credit rationing, mortgage market adjustment, and separating equilibrium : empirical evidence -- The households choice of mortgage design : theory -- The household's choice of mortgage design : theory -- The risky mortgage contract and embedded options : mortgage valuation and household behaviour -- Prepayment and default behaviour : empirical evidence -- Conclusion : the "field" of mortgage market economics. |