03037nam 22006254a 450 99620598720331620230617000928.01-281-31200-297866113120080-470-69402-50-470-69323-1(CKB)1000000000410952(EBL)351094(OCoLC)243829417(SSID)ssj0000143770(PQKBManifestationID)11157624(PQKBTitleCode)TC0000143770(PQKBWorkID)10119655(PQKB)10131018(MiAaPQ)EBC351094(EXLCZ)99100000000041095220030903d2004 uy 0engur|n|---|||||txtccrEconomics of the mortgage market[electronic resource] perspectives on household decision making /David LeeceOxford, UK ;Malden, MA Blackwell20041 online resource (274 p.)Real estate issues"RICS Foundation"--Cover.1-4051-1461-4 Includes bibliographical references (p. [235]-252) and index.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.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 important financial market. The 1990s saw an enormous growth of mortgage market analysis Real estate issues (Oxford, England)Mortgage loansMortgagesHousingFinanceMortgage loans.Mortgages.HousingFinance.332.7332.7/22332.722Leece David897095RICS Foundation.MiAaPQMiAaPQMiAaPQBOOK996205987203316Economics of the mortgage market2004395UNISA