Download or read book Structural Change in the Secondary Mortgage Market written by Federal National Mortgage Association and published by . This book was released on 1982 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Structural Change in the Mortgage Market and the Propensity to Refinance written by Paul Bennett and published by . This book was released on 1998 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: "We hypothesize that the intrinsic benefit required to trigger a refinancing has become smaller due to a combination of technological, regulatory, and structural changes that have made mortgage origination more competitive and more efficient. To test this hypothesis, we estimate an empirical hazard model of loan survival for two subperiods, using a database that allows us to carefully control for homeowners' credit ratings, equity, loan size, and measurable transaction costs. Our findings strongly confirm that credit ratings and home equity have significant effects on the refinancing probability. In addition, we provide evidence that homeowners postpone refinancing in the face of increased interest rate volatility, consistent with option value theory. Finally, our results clearly support the hypothesis that structural change in the mortgage market has increased homeowners' propensity to refinance"--Abstract

Download or read book Structural Change in the Mortgage Market and the Propensity to Refinance written by Paul B. Bennett and published by . This book was released on 2006 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: We hypothesize that the intrinsic benefit required to trigger a refinancing has become smaller due to a combination of technological, regulatory, and structural changes that have made mortgage origination more competitive and more efficient. To test this hypothesis, we estimate an empirical hazard model of loan survival for two subperiods, using a database that allows us to carefully control for homeowners' credit ratings, equity, loan size, and measurable transaction costs. Our findings strongly confirm that credit ratings and home equity have significant effects on the refinancing probability. In addition, we provide evidence that homeowners postpone refinancing in the face of increased interest rate volatility, consistent with option value theory. Finally, our results clearly support the hypothesis that structural change in the mortgage market has increased homeowners' propensity to refinance.

Download or read book The Secondary Mortgage Market written by Jess Lederman and published by Irwin Professional Publishing. This book was released on 1992 with total page 792 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the first publication of this critically acclaimed book in 1987, dramatic regulatory, economic and technical changes have rocked the secondary mortgage market. The upheaval that led to the downfall of many firms that were once household names has been well-documented, but these dramatic changes have also brought about unique, but lesser known opportunities. Failure to keep abreast of this dynamic market can mean forfeiting profit potential and painful losses, but keeping up with even one aspect of it - such as the ever-expanding menu of exotic MBS instruments - is in itself a daunting prospect! Newly revised, The Secondary Mortgage Market has been substantially updated, not only to reflect the new competitive realities and opportunities in this changing industry, but to organize the data in a practical and useful fashion. This comprehensive overview is divided into five sections, each designed to guide today's industry participants through, and beyond, the pivitol changes that have rocked this market. Sections include: . Secondary Marketing: explores strategies and tactics for minimizing risk and maximizing profits using each of the hedging tools that a secondary marketing manager must possess. Mortgage-Backed Securities: examines alternative structures and analytical techniques to enhance today's state-of-the-art designs in mortgage-backed securities. The Mortgage Banking Industry: deals with issues arising from a changing industry, including niche lending and the market for mortgage loan servicing rights. Thrift and Commercial Banking Industries: explores new strategies and products to increase market share and cope with a deregulated economic climate. Management and Analysis ofCredit Risk: discusses innovations to revive the mortgage insurance industry as well as new forms of credit enhancement. The chapters covered within these five critical areas feature detailed and critical analyses by preeminent authorities in their respective fields of expertise. This distinguished panel of experts assembled by Editor Jess Lederman makes The Secondary Mortgage Market the definitive guide to surviving and thriving in this dynamic market.

Download or read book Mortgage Reform and the Federal Role in the Secondary Mortgage Market written by Alfred T. Francis and published by Nova Science Publishers. This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The federal government assumed control of the ailing Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) in 2008, two institutions that facilitate the flow of funding for home loans nationwide. The cost to taxpayers of that takeover, and the structural weaknesses that contributed to the institutions' financial problems, have prompted policymakers to consider various alternatives for the government's future role in the secondary (resale) market for residential mortgages. This book examines how Fannie Mae and Freddie Mac evolved into the institutions they are today and the rationales that are often cited for federal involvement in the secondary mortgage market and the problems that existed with Fannie Mae and Freddie Mac before the recent financial crisis.

Download or read book Housing Finance and the Secondary Mortgage Market written by Sally G. Mitchell and published by Nova Science Publishers. This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: When making a decision about housing, a household must choose between renting and owning. Multiple factors, such as a household's financial status and expectations about the future, will influence the decision. Few that decide to purchase a home have the necessary savings or available financial resources to make the purchase on their own. Most need to take out a loan. A loan that uses real estate as collateral is typically referred to as a mortgage. This book serves as a primer that explains how the system of housing finance works. This book also examines various mechanisms that policy-makers could use to attract more private capital to the secondary mortgage market; and addresses how those mechanisms could be combined in different ways to help the market make the transition to a new structure during the coming decade.

Download or read book The Secondary Mortgage Market written by Jess Lederman and published by Irwin Professional Publishing. This book was released on 1987 with total page 682 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Subprime Cities written by Manuel B. Aalbers and published by John Wiley & Sons. This book was released on 2012-04-16 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: Subprime Cities: The Political Economy of Mortgage Markets presents a collection of works from social scientists that offer insights into mortgage markets and the causes, effects, and aftermath of the recent 'subprime' mortgage crisis. Provides an even-handed and detailed analysis of mortgage markets and the recent housing crisis Features contributions from various social scientists with expertise in critical social theories who have assembled and analyzed detailed empirical information Offers a unique and powerful rebuttal to many of the misleading popular explanations of the crisis and its aftermath Reveals how racial minorities and the neighbourhoods inhabited by them are more likely to be targeted by subprime and predatory lenders

Download or read book Residential Investment and Structural Changes in the Mortgage Market written by Lori L. Leachman and published by . This book was released on 1982 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Mortgage backed Securities written by Kenneth G. Lore and published by . This book was released on 1986 with total page 884 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Secondary Mortgage Market written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Housing and Urban Affairs and published by . This book was released on 1983 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Secondary Mortgage Market and Mortgage Credit written by United States. Congress. Senate. Committee on Banking and Currency. Subcommittee on Housing and Urban Affairs and published by . This book was released on 1970 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Secondary Mortgage Market written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Housing and Urban Affairs and published by . This book was released on 1983 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Introduction to the Secondary Mortgage Market written by Dall Bennewitz and published by . This book was released on 1989 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Secondary Mortgage Market written by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Housing and Community Development and published by . This book was released on 1984 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Advanced Instruments in the Secondary Mortgage Market written by Edwin H. Duett and published by . This book was released on 1990 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Fannie Mae Freddie Mac and the Federal Role in the Secondary Mortgage Market written by Deborah Lucas and published by DIANE Publishing. This book was released on 2011-05 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: In September 2008, the fed. gov¿t. assumed control of Fannie Mae and Freddie Mac (FM/FM), two federally chartered institutions that last year guaranteed three-quarters of new residential mortgages originated in the U.S. This study examines various alternatives for the fed. gov¿t¿s. future role in the secondary (resale) market for residential mortgages. Contents: Overview of FM/FM, and the Secondary Mortgage Market; Possible Rationales for a Fed. Role in the Secondary Mortgage Market; Weaknesses of the Pre-crisis Model for FM/FM; Alternative Approaches for the Future of the Secondary Mortgage Market; History of the Secondary Mortgage Market; The Fed. Home Loan Banks. Charts and tables. A print on demand report.