Add to ORKGWe develop a unique paired loan dataset containing information on multiple conventional conforming mortgage loans of households to examine home equity extraction decisions over the period 2000-2006. The main question addressed is how much households borrow when refinancing their current mortgage debt in cash-out transactions and what factors affect that decision. We also provide estimates of the marginal effect of certain borrower characteristics. Results contribute both to the literature on refinancing behavior and the role of house price appreciation in providing funds that may be used for consumer spending or other purposes
This dissertation considers how housing wealth impacts household behavior. The essays pay close atte...
This paper utilizes micro data to directly quantify the impact of mortgage underwriting criteria on ...
This paper utilizes micro data to directly quantify the impact of mortgage underwriting criteria on ...
Using individual-level data on homeowner debt and defaults from 1997 to 2008, we show that borrowing...
This article examines the choice of borrowers to extract wealth from housing in the high-cost (subpr...
This article examines the choice of borrowers to extract wealth from housing in the high-cost (subpr...
Using individual-level data on homeowner debt and defaults from 1997 to 2008, we show that borrowing...
Using individual-level data on homeowner debt and defaults from 1997 to 2008, we show that borrowing...
Abstract Using detailed credit record data, we show that home equity extraction in the U.S. peaked i...
In the early and mid 2000s, household debt relative to income grew sharply, helping precipitate a fi...
Monetary policy is perhaps the most important tool the government has to quickly affect the trajecto...
Monetary policy is perhaps the most important tool the government has to quickly affect the trajecto...
This paper examines the choice of borrowers to extract wealth from housing in the high-cost (subprim...
Home equity refinancing played a key role in laying the groundwork for the 2007-2008 financial crisi...
This dissertation considers how housing wealth impacts household behavior. The essays pay close atte...
This dissertation considers how housing wealth impacts household behavior. The essays pay close atte...
This paper utilizes micro data to directly quantify the impact of mortgage underwriting criteria on ...
This paper utilizes micro data to directly quantify the impact of mortgage underwriting criteria on ...
Using individual-level data on homeowner debt and defaults from 1997 to 2008, we show that borrowing...
This article examines the choice of borrowers to extract wealth from housing in the high-cost (subpr...
This article examines the choice of borrowers to extract wealth from housing in the high-cost (subpr...
Using individual-level data on homeowner debt and defaults from 1997 to 2008, we show that borrowing...
Using individual-level data on homeowner debt and defaults from 1997 to 2008, we show that borrowing...
Abstract Using detailed credit record data, we show that home equity extraction in the U.S. peaked i...
In the early and mid 2000s, household debt relative to income grew sharply, helping precipitate a fi...
Monetary policy is perhaps the most important tool the government has to quickly affect the trajecto...
Monetary policy is perhaps the most important tool the government has to quickly affect the trajecto...
This paper examines the choice of borrowers to extract wealth from housing in the high-cost (subprim...
Home equity refinancing played a key role in laying the groundwork for the 2007-2008 financial crisi...
This dissertation considers how housing wealth impacts household behavior. The essays pay close atte...
This dissertation considers how housing wealth impacts household behavior. The essays pay close atte...
This paper utilizes micro data to directly quantify the impact of mortgage underwriting criteria on ...
This paper utilizes micro data to directly quantify the impact of mortgage underwriting criteria on ...