Complex Mortgages (CM)
By:Gene Amromin
Published on 2011 by DIANE Publishing
CM became a popular borrowing instrument during the bullish housing market of the early 2000s but vanished rapidly during the subsequent downturn. These non-traditional loans (interest only, negative amortization, and teaser mortgages) enable households to postpone loan repayment compared to traditional mortgages and hence relax borrowing constraints. But, they increase household leverage and heighten dependence on mortgage refinancing. CM were chosen by prime borrowers with high income levels seeking to purchase expensive houses relative to their incomes. Borrowers with CM experience substantially higher ex post default rates than borrowers with traditional mortgages with similar characteristics. Illus. This is a print on demand report.
This Book was ranked at 29 by Google Books for keyword Mortgage.
Book ID of Complex Mortgages (CM)'s Books is _q6c-bfI07YC, Book which was written byGene Amrominhave ETAG "un2MLVnBOJQ"
Book which was published by DIANE Publishing since 2011 have ISBNs, ISBN 13 Code is 9781437987850 and ISBN 10 Code is 1437987850
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Book which have "48 Pages" is Printed at BOOK under CategoryMortgage loans
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