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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Article provided by Federal Reserve Bank of Philadelphia in its journal Business Review.
Volume (Year): (2006) Issue (Month): Q3 () Pages: 21-30 Download reference. The following formats are available: HTML,
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