Mortgage Defaults

Working Paper No. 12/26

Nopic
This paper incorporates house price risk and mortgages into a standard incomplete market (SIM) model. The model is calibrated to match U.S. data and accounts for non-targeted features of the data such as the distribution of down payments, the life-cycle profile of home ownership, and the mortgage default rate. The average coefficients that measure READ MORE...

Publication date: January 2012
ISBN 9781463932534
$18.00

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Publication date: January 2012

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Publication date: January 2012

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