کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
962028 929981 2010 15 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Residential mortgage default: Theory works and so does policy
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Residential mortgage default: Theory works and so does policy
چکیده انگلیسی
Using a national loan level data set we examine loan default as explained by local demographic characteristics and state level legislation that regulates foreclosure procedures and predatory lending, using a hierarchical linear model. When controlling for loan and local conditions, we observe significant variation in the default rate across states, with lower default levels in states with higher temporal and financial costs to lenders. State level legislative influences provide a foundation for discussion of national level policy that further regulates predatory lending and financial institution foreclosure activities.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Housing Economics - Volume 19, Issue 4, December 2010, Pages 280-294
نویسندگان
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