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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| Main Authors: | , , , |
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2022
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| 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 |