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down payments, the life-cycle profile of home ownership, and the mortgage default rate. In addition, we show that the …
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can affect household decisions through the cost of new mortgage borrowing and the value of payments on outstanding debt …
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Before the financial and economic crisis, monetary policy unification and interest rate convergence resulted in the divergence of euroarea countries' financial cycles. This divergence is deeply rooted in the financial integration spurred by currency union and strongly correlated with intra-euro...
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Using a model with housing search, endogenous credit constraints, and mortgage default, this paper accounts for the …
Persistent link: https://www.econbiz.de/10011782612
the Federal Home Ownership and Equity Protection Act (HOEPA) by including home purchase and open end mortgage credit, by …
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