What is the microelasticity of mortgage demand to interest rates? Despite the importance of this parameter for models of monetary policy efficacy, little is known about the…
Eric Belsky, Karl Case, Susan Smith
•
February 1, 2008
UCC08-14: This paper concentrates on the management and mitigation of mortgage risks: the kind of credit risks that face the majority of indebted households. For several…
This paper analyses the performance of low-income and minority loans (LIMLs) from a large sample of fixed-rate mortgages purchased by Freddie Mac in the 1990s. Our focus is…