Leece, David.

Economics of the mortgage market : perspectives on household decision making / David Leece. - Oxford, UK ; Malden, MA : Blackwell, 2004. - xii, 258 p. : ill. ; 25 cm. - Real estate issues . - Real estate issues (Oxford, England) .

RICS Foundation--Cover.

Includes bibliographical references (p. [235]-252) and index.

An introduction to mortgage market economics -- The demand for mortgage finance : theory -- The demand for mortgage finance : empirical evidence -- The tilt, mortgage designs, and the amortisation of debt -- Rationing, mortgage market adjustment, and separating equilibrium -- Credit rationing, mortgage market adjustment, and separating equilibrium : empirical evidence -- The households choice of mortgage design : theory -- The household\'s choice of mortgage design : theory -- The risky mortgage contract and embedded options : mortgage valuation and household behaviour -- Prepayment and default behaviour : empirical evidence -- Conclusion : the field of mortgage market economics.

1405114614 (pbk. : alk. paper)

2003019585


Mortgage loans.
Mortgages.
Housing--Finance.

332.722 LEE