Zobrazeno 1 - 10
of 12
pro vyhledávání: '"Hamilton Fout"'
Publikováno v:
The Journal of Real Estate Finance and Economics. 65:451-491
Using home purchase loan application data, we study buyer responses to the uncommon occurrence of the appraised value coming in below the contract price (i.e. a low appraisal), which sharply raises the probability of downward price renegotiation. We
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::479f73f816816fe1d7303a704b867d17
https://doi.org/10.1007/s11146-020-09800-6
https://doi.org/10.1007/s11146-020-09800-6
Autor:
Doug Duncan, Hamilton Fout
Publikováno v:
The Journal of Structured Finance. 26:92-108
This article provides a review of the underlying drivers of mortgage spreads at various points of the housing and economic cycle, with an in-depth look at the spreads between mortgage-backed securities (MBS) and Treasury rates and between mortgage an
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::706ffdec0948c3b271dd5ada1632df5c
https://doi.org/10.3905/jsf.2020.1.116
https://doi.org/10.3905/jsf.2020.1.116
Publikováno v:
The Journal of Real Estate Finance and Economics. 66:603-635
The loss on a distressed mortgage depends not only on economic and financial conditions but also on the value of the property and how it is transferred to a new owner. Using data from Fannie Mae, we investigate the differences in loss experience acro
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::4621b7aa8c7a50b3d1514fdceda72b07
https://doi.org/10.1007/s11146-020-09785-2
https://doi.org/10.1007/s11146-020-09785-2
Publikováno v:
The Journal of Real Estate Finance and Economics. 60:77-98
Prior research has argued that upwardly biased appraised values of residential properties were a contributing factor of the 2008 financial crisis. Subsequent reforms have been enacted to reduce appraiser’s financial incentives to submit biased appr
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::b5cd63030cad258ef8b990e16172605d
https://doi.org/10.1007/s11146-019-09716-w
https://doi.org/10.1007/s11146-019-09716-w
Publikováno v:
Journal of Urban Economics. 111:132-143
A new measure is introduced to analyze the mechanism and extent of appraisal bias of residential property. The primary source of bias identified is in the weights appraisers assign to selected comparable transactions after adjusting for observable at
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::bbc2b35476762d17b755796462f6fd71
https://doi.org/10.1016/j.jue.2019.04.007
https://doi.org/10.1016/j.jue.2019.04.007
Autor:
Hamilton Fout, Brent C. Smith
Publikováno v:
Journal of Housing Research. 26:53-78
We estimate a hedonic pricing model controlling directly for a property's proximity to the ocean and find a significant and sustained premium accruing to transacted prices for ocean-bordering properties. We find on average that properties that border
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::60c59193e3e92f86496aa7aad9aa72b7
https://doi.org/10.1080/10835547.2017.12092128
https://doi.org/10.1080/10835547.2017.12092128
Publikováno v:
Journal of Housing Economics. 47:101623
We analyze Fannie Mae’s experience with the Home Equity Conversion Mortgage product. From 1993-2010, Fannie Mae acquired 492,465 of these loans, representing 75% of the total market. During this period, prior to recent program changes, credit scree
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::3a88ca76bdab416e8fa0aa7ec98d6a24
https://doi.org/10.1016/j.jhe.2019.03.001
https://doi.org/10.1016/j.jhe.2019.03.001
Publikováno v:
Regional Science and Urban Economics. 80:103390
Using Fannie Mae data on purchase mortgage acquisitions, we examine the relative credit performance of low and moderate income homebuyers. We first document the higher observed default rates of low and moderate income borrowers relative to higher inc
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::19d0d289dd89dbb62cb76839d4b54ccb
https://doi.org/10.1016/j.regsciurbeco.2018.07.013
https://doi.org/10.1016/j.regsciurbeco.2018.07.013
Publikováno v:
SSRN Electronic Journal.
Prior evidence has shown appraised values of residential properties are biased, but the mechanism and motivation of appraisers to bias their estimates are unclear. We construct a database of 25.3 million comparable transactions selected and used by a
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::46b90a45831462d96329662b304f751e
https://doi.org/10.2139/ssrn.3216648
https://doi.org/10.2139/ssrn.3216648
Publikováno v:
SSRN Electronic Journal.
Using Fannie Mae loan-level data on fixed-rate owner occupied purchase mortgage acquisitions, we examine the role of tightened underwriting standards on the default risk of low and moderate income (LMI) homebuyers. In three distinct underwriting regi
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::5abbd7bb6ed3ed0eece722bf0edea54f
https://doi.org/10.2139/ssrn.2982427
https://doi.org/10.2139/ssrn.2982427