Complex Mortgages CM is popular PDF and ePub book, written by Gene Amromin in 2011, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Complex Mortgages CM can be Read Online from any device for your convenience.
Complex Mortgages CM Book PDF Summary
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.
Detail Book of Complex Mortgages CM PDF
- Author : Gene Amromin
- Release : 01 October 2024
- Publisher : DIANE Publishing
- ISBN : 9781437987850
- Genre : Business & Economics
- Total Page : 57 pages
- Language : English
- PDF File Size : 10,8 Mb
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