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Mortgage Defaults

Mortgage Defaults »

Source: Mortgage Defaults

Volume/Issue: 2012/26

Series: IMF Working Papers

Author(s): Leonardo Martinez , Juan Carlos Hatchondo , and Juan Sanchez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2012

ISBN: 9781463932534

Keywords: mortgage, life cycle, down payment, garnishment, home ownership, mortgages, payments, debt, Welfare Economics: General, Financial Markets and the Macroeconomy,

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 distri...

Mortgage Defaults

Mortgage Defaults »

Volume/Issue: 2012/26

Series: IMF Working Papers

Author(s): Leonardo Martinez , Juan Carlos Hatchondo , and Juan Sanchez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2012

DOI: http://dx.doi.org/10.5089/9781463932534.001

ISBN: 9781463932534

Keywords: mortgage, life cycle, down payment, garnishment, home ownership, mortgages, payments, debt, Welfare Economics: General, Financial Markets and the Macroeconomy,

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 distri...