Housing Market Dynamics: Disequilibrium, Mortgage Default, and Reverse Mortgages
| Autor: | Dean H. Gatzlaff, Timothy Jones, G. Stacy Sirmans |
|---|---|
| Rok vydání: | 2016 |
| Předmět: |
Secondary mortgage market
Economics and Econometrics Labour economics 050208 finance 05 social sciences Reverse mortgage Monetary economics Mortgage insurance Loss mitigation Shared appreciation mortgage Urban Studies Accounting 0502 economics and business Economics Mortgage underwriting Collateralized mortgage obligation Default 050207 economics Finance |
| Zdroj: | The Journal of Real Estate Finance and Economics. 53:269-281 |
| ISSN: | 1573-045X 0895-5638 |
| DOI: | 10.1007/s11146-016-9567-y |
| Popis: | The mortgage market collapse which followed the burst of the housing bubble in 2007 led to unprecedented levels of mortgage default, mortgage foreclosure, and housing vacancies. The dramatic increase in mortgage terminations prompted extensive discussions among academics, industry practitioners, regulators, and policymakers. These discussions included such issues as the underlying causes of the mortgage market collapse and the impact of declining house prices on mortgage default and foreclosure. This special issue results from the 2013 FSU-UF Critical Issues Symposium entitled “Housing Market Issues: Initiatives, Policies and the Economy” where the impact of the recent market collapse was examined on topics such as the negative spillover effect of foreclosure, the determinants of mortgage default and prepayment, disequilibrium models of the housing market, and the growth of the reverse mortgage market. This introductory paper serves to set the stage by relating the papers in this special issue to the previous literature. It provides both a clear picture of the state of knowledge in these critical areas and the significant contributions of these recent studies. |
| Databáze: | OpenAIRE |
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