Financial literacy and numerical ability: Keys to better mortgage outcomes
While mortgage credit expansion had lead to a rapid increase of home ownership in the US, the reversal of home prices beginning in 2006 resulted in a substantial increase in mortgage delinquencies and an explosion in outright defaults. Its devastating impact on the associated mortgage backed securit...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2012
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| Online Access: | https://ink.library.smu.edu.sg/pers/306 https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1310&context=pers |
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| Institution: | Singapore Management University |
| Language: | English |