Forced moves and home maintenance: The amplifying effects of mortgage payment burden on underwater homeowners

Forced moves and home maintenance: The amplifying effects of mortgage payment burden on underwater homeowners

Although the adverse effect of high loan to value ratios (LTV) on mortgage default is known, the potential amplifying effect of high payment-to-income (PTI) ratios that can force families out of their homes has received limited attention. High PTI and LTV can also add to default costs by discouragin...

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Bibliographic Details
Main Authors: HARDING, John, JING, Li, ROSENTHAL, Stuart, ZHANG, Xirui
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2022
Subjects:
Payment burden
Mobility
Maintenance
Mortgage Default
Behavioral Economics
Economics
Real Estate
Online Access:https://ink.library.smu.edu.sg/soe_research/2542
https://ink.library.smu.edu.sg/context/soe_research/article/3541/viewcontent/Mortgage.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soe_research/2542
https://ink.library.smu.edu.sg/context/soe_research/article/3541/viewcontent/Mortgage.pdf

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