The 1990s saw a huge growth in mortgage market analysis as an academic subject and a vast literature exists, scattered among the key real estate journals. There is now a great need to not only bring this complex subject area together but also to abstract the main issues and render them intelligible.
Economics of the Mortgage Market: perspectives on household decision making provides an organised research resource for financial analysts in real estate, as well as researchers in real estate finance, real estate economics, housing economics and urban economics.
The author informs and motivates further research into the microeconomics of mortgage markets by:
Collating a disparate literature into a single source
Analyzing a complex set of issues in an accessible way for the non–mathematical reader
Linking household behaviour to key issues in mortgage market economics and mortgage valuation
Presenting his own original research and thinking in this area.
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.