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Residential mortgage default

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Author Info
Ronel Elul
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

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Publisher Info
Article provided by Federal Reserve Bank of Philadelphia in its journal Business Review.

Volume (Year): (2006)
Issue (Month): Q3 ()
Pages: 21-30
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Handle: RePEc:fip:fedpbr:y:2006:i:q3:p:21-30

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Related research
Keywords: Mortgages

Cited by:
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  1. Wilson Sy, 2007. "A Causal Framework for Credit Default Theory," Research Paper Series 204, Quantitative Finance Research Centre, University of Technology, Sydney. [Downloadable!]
  2. Wilson Sy, 2007. "A Causal Framework for Credit Default Theory," Working Papers wp2007-01, Australian Prudential Regulation Authority. [Downloadable!]
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This page was last updated on 2008-8-19.


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