Interest-only mortgages (IOMs) were popular before the 2007-2008 financial crisis, e.g. in the US and UK, and remain …

Interest-only mortgages (IOMs) were popular before the 2007-2008 financial crisis, e.g. in the US and UK, and remain …

the amortisation period on interest-only mortgages. We identify spending behavior through an event study approach, by … highly leveraged, handto- mouth consumers, likely to be unable to obtain a new interest-only loan. …

the amortisation period on interest-only mortgages. We identify spending behavior through an event study approach, by … highly leveraged, handto- mouth consumers, likely to be unable to obtain a new interest-only loan. …

) explicit modelling of repayment and interest-only CWMs; (b) closed form formulae for mortgage payment and mortgage balance of a … repayment CWM; (c) a closed form formula for the actuarially fair mortgage rate of an interest-only CWM. For repayment CWMs we …

both speculators and their lenders use interest-only mortgages (IOs) rather than traditional mortgages when there is a …

non-standard features, such as longer terms or interest-only payments. Many of these new features aim to reduce the … a standard product. Moreover, such mortgages can also be more risky: the interest-only borrower does not accumulate …