Quantitative measures of mortgage market instability

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520 |aThis thesis provides a quantitative exploration of mortgage default sensitivity to depreciating home prices and attempts to isolate mortgage market metrics that may contribute to undue mortgage market instability. By analyzing a set of time series data from 1987 through 2011 of the U.S. housing and mortgage markets, this thesis constructs default-price elasticities and finds that default responsiveness was not disproportional during the 2007 subprime crisis. Aggregate LTV ratios are found to not correlate strongly with default responsiveness but do exhibit a correlation with other measures of mortgage market instability.
655 7|athesis|2marcgt
500 |aSenior Thesis -- Colorado College
500 |abachelor
500 |aBachelor of Arts
500 |aIncludes bibliographical references.
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300 |a128 pages : illustrations
100 1 |aSchindler, Yannick Max|ecreator
700 1 |aLaux, Judy|ethesis advisor
710 2 |aDepartment of Economics and Business|esponsor
710 2 |aColorado College|edegree grantor
650 1 |aGlobal Financial Crisis, 2008-2009
245 10|aQuantitative measures of mortgage market instability
046 |k2012
260 |aColorado Springs, Colorado|bColorado College|c2012|g2012
856 |uhttp://hdl.handle.net/10176/coccc:5967
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700 1 |a|ecommittee member
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650 1 |aMortgages
650 1 |aForeclosure
650 1 |aMortgage market
651 |aUnited States
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610 2 |a
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540 |aCopyright restrictions apply.
506 |a