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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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Bibliographic Details
Main Authors: Leece, David.
Corporate Authors: RICS Foundation.; Wiley InterScience (Online service)
Published:
Literature type: Electronic eBook
Language: English
Series: Real estate issues
Subjects:
Mortgage loans.
Mortgages.
Housing > Finance.
Prêts hypothécaires.
Hypothèques.
Logement > Finances.
BUSINESS & ECONOMICS > Mortgages. > Mortgages.
Electronic books.
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.

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