|
|
|
|
|
|
|
|
1. |
Record Nr. |
UNINA9910876665203321 |
|
|
Autore |
Leece David |
|
|
Titolo |
Economics of the mortgage market : perspectives on household decision making / / David Leece |
|
|
|
|
|
|
|
Pubbl/distr/stampa |
|
|
Oxford, UK ; ; Malden, MA, : Blackwell, 2004 |
|
|
|
|
|
|
|
ISBN |
|
1-281-31200-2 |
9786611312008 |
0-470-69402-5 |
0-470-69323-1 |
|
|
|
|
|
|
|
|
Descrizione fisica |
|
1 online resource (274 p.) |
|
|
|
|
|
|
Collana |
|
|
|
|
|
|
Disciplina |
|
|
|
|
|
|
Soggetti |
|
Mortgage loans |
Mortgages |
Housing - Finance |
|
|
|
|
|
|
|
|
Lingua di pubblicazione |
|
|
|
|
|
|
Formato |
Materiale a stampa |
|
|
|
|
|
Livello bibliografico |
Monografia |
|
|
|
|
|
Note generali |
|
"RICS Foundation"--Cover. |
|
|
|
|
|
|
Nota di bibliografia |
|
Includes bibliographical references (p. [235]-252) and index. |
|
|
|
|
|
|
Nota di contenuto |
|
An introduction to mortgage market economics -- The demand for mortgage finance : theory -- The demand for mortgage finance : empirical evidence -- The "tilt", mortgage designs, and the amortisation of debt -- Rationing, mortgage market adjustment, and separating equilibrium -- Credit rationing, mortgage market adjustment, and separating equilibrium : empirical evidence -- The households choice of mortgage design : theory -- The household's choice of mortgage design : theory -- The risky mortgage contract and embedded options : mortgage valuation and household behaviour -- Prepayment and default behaviour : empirical evidence -- Conclusion : the "field" of mortgage market economics. |
|
|
|
|
|
|
|
|
Sommario/riassunto |
|
The analysis of the mortgage market is a specialised field but examines a financial market with extremely wide-ranging implications; it affects the stability of the whole economy. The key thing about this analysis is the increasing importance of the secondary mortgage market - which in the US is now several times larger than the market for government debt. The UK secondary mortgage market is also growing and the book will provide a timely resource to those active and interested in this |
|
|
|
|