Economics of the Mortgage Market (eBook)

Perspectives on Household Decision Making

David Leece (Autor)

eBook Download: PDF

2008 | 1. Auflage
272 Seiten
John Wiley & Sons (Verlag)
978-0-470-69323-0 (ISBN)

Infos

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 as
an academic subject and there is a vast literature scattered among
the key real estate journals. There is now a great need to not only
bring this very complex subject area together, but also to abstract
the main issues and to render them intelligible. The book will
provide an organised research resource and also inform and motivate
further research into the microeconomics of mortgage markets.

Autor

David Leece is Senior Lecturer in Business Economics & Finance in the Department of Management, University of Keele. His research interests are in the economics of housing and mortgage markets, as well as in business economics. He has published widely on mortgage market economics.

Inhalt

Preface.

Acknowledgements.

1 An Introduction to Mortgage Market Economics.

2 The Demand for Mortgage Finance: Theory.

3 The Demand for Mortgage Finance: Empirical Evidence.

4 The 'Tilt', Mortgage Designs and the Amortisation
of Debt.

5 Rationing, Mortgage Market Adjustment and Separating
Equilibrium.

6 Credit Rationing, Mortgage Market Adjustment and Separating
Equilibrium: Empirical Evidence.

7 The Households Choice of Mortgage Design: Theory.

8 The Households Choice of Mortgage design: Empirical
Evidence.

9 The Risky Mortgage Contract and Embedded Options: Mortgage
Valuation and Household Behaviour.

10 Prepayment and Default Behavior: Empirical Evidence.

11 Conclusion: The 'Field' of Mortgage Market
Economics.

Bibliography.

Index.

Rezensionen

Leece's references and portrayal of empirical works are very
helpful in the sense of presenting and investigating theoretical
fundamentals.

Building Research & Information 33(4) 2005

Produkt-Details

• Erscheint lt. Verlag: 8.5.2008
• Sprache: englisch
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Rechnungswesen / Bilanzen
• Themenwelt: Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre
• Themenwelt: Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Immobilienwirtschaft
• Schlagworte: Business & Management • Economic Development • Economics • Immobilien u. Grundbesitz • Property & Real Estate • Volkswirtschaftslehre • wirtschaftliche Entwicklung • Wirtschaft u. Management
• ISBN-10: 0-470-69323-1 / 0470693231
• ISBN-13: 978-0-470-69323-0 / 9780470693230