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 Author: Leece, David
Corporate Author: RICS Foundation
Format: Electronic eBook
Language:English
Published: Oxford, UK ; Malden, MA : Blackwell, 2004.
Series:Real estate issues (Oxford, England)
Subjects:
Online Access:Full text (Wentworth users only)
Table of 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.