Residential mortgage default

Ronel Elul

Business Review, 2006, issue Q3, 21-30

Abstract: In ?Residential Mortgage Default,? Ronel Elul discusses the models that economists have developed to help us understand the default risk inherent in home mortgages and how default risk and house prices are related. He also applies these models to show how falling house prices would affect mortgage default rates today and explores the impact that rising default rates would have on financial institutions and other participants in the mortgage market. ; Also issued as Payment Cards Center Discussion Paper No. 06-10

Keywords: Mortgages (search for similar items in EconPapers)
Date: 2006
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