Credit counseling and mortgage termination by low-income households

Journal of Real Estate Finance and Economics

Volumn 30, Issue 3, 2005, Pages 227-243

  Hartarska, Valentina ^a   Gonzalez Vega, Claudio ^b  

^a AUBURN UNIVERSITY   (United States)

^b OHIO STATE UNIVERSITY   (United States)

Author keywords

Competing risks; Credit counseling; Default; Low income housing mortgages; Refinancing

Indexed keywords

EID: 17444377563     PISSN: 08955638     EISSN: None     Source Type: Journal    
DOI: 10.1007/s11146-005-6405-z     Document Type: Article

References (23)

1. Ambrose, B., and C. Capone. (2000). "The Hazard Rates of First and Second Default," The Journal of Real Estate Finance and Economics 20, 275 293.
2. Archer, W. R., D. C. Ling, and G. A. McGill. (1996). "The Effect of Income and Collateral Constraints on Residential Mortgage Terminations," Regional Science and Urban Economics 26, 235 261.
3. Archer, W. R., D. C. Ling, and G. A. McGill. (2003). "Household Income, Termination Risk and Mortgage Pricing," Journal of Real Estate Finance and Economics 27(1), 111 138.
4. Chaves, R. A., and C. Gonzales-Vega. (1996). "The Design of Successful Rural Financial Intermediaries: Evidence from Indonesia," World Development 24(1), 65 78.
5. Clapp, J. M., G. M. Goldberg, J. P. Harding, and M. LaCour-Little. (2001). "Movers and Shackers: Interdependent Prepayment Decisions," Real Estate Economics 29(3), 411 450.
6. de Aghion, B.A., and J. Morduch. (2000). "Microfinance Beyond Group Lending," Economics of Transition 8(2), 401 420.
7. Deng, T., J. Quigley, and R. Van Order. (1996). "Mortgage Default and Low Downpayment Loans: The Costs of Public Subsidy," Regional Science and Urban Economics 26, 263 285.
8. Deng Y. J., and S. Gabriel. (2002). "Enhancing Mortgage Credit Availability Among Underserved and Higher Credit-Risk Populations: An Assessment of Default and Prepayment Option Exercise Among FHA-Insured Borrowers," University of Southern California Working Paper.
9. Deng, Y. J., J. M. Quigley, and R. Van Order. (2000). "Mortgage Terminations, Heterogeneity and the Exercise of Mortgage Options," Econometrica 68(2), 275 307.
10. Ellienhausen, G., E. C. Lundquist, and M. E. Staten. (2003). "The Impact of Credit Counseling on Subsequent Borrower Credit Usage and Payment Behavior," Credit Research Center, Georgetown University Working Paper.
11. Elmer, P. J., and S. A. Seelig. (1999). "Insolvency, Trigger Events, and Consumer Risk Posture in the Theory of Single-Family Mortgage Default," Journal of Housing Research 10(1), 1 25.
12. Goldberg, G. M., and John P. Harding. (2003). "Investment Characteristics of Low- and Moderate-Income Mortgage Loans," Journal of Housing Economics 12(3), 151 180.
13. Hartanska V. M., and C. Gonzalez-Vega. (2004). "Social Capital and Mortgage Loan Delinquency Among Low-Income Urban and Rural Households," Mimeo, Auburn University.
14. Hirad, A., and P. M. Zom. (2002). "A Little Knowledge is a Good Thing: Empirical Evidence of the Effectiveness of Pre-Purchase Homeownership Counseling." In N. P. Retsinas and E. S. Belsky (eds.), Low-Income Homeownership: Examining the Unexamined Goal, Washington D.C.: Brookings Institution Press.
15. Kalbfleisch, J., and R. Prentice. (2002). The Statistical Analysis of Failure Time Data. New Jersey: John Wiley & Sons, Inc.
16. Kau, J. B., D. C. Keenan, W. J. Muller III, and J. F. Epperson. (1992). "A Generalized Valuation Model for Fixed-Rate Residential Mortgages," Journal of Money, Credit and Banking 24(3), 279 299.
17. Kau, J. B., D. C. Keenan, W. J. Muller III, and J. F. Epperson. (1995). "The Valuation at Origination of Fixed-Rate Mortgages with Default and Prepayment," Journal of Real Estate Finance and Economics 11, 5 36.
18. Mallach, A. (2001). "Home-Ownership Education and Counseling: Issues in Research and Definition," Federal Reserve Bank of Philadelphia.
19. McCarty G. W., and R. G. Quercia. (2000). "Bridging the Gap Between Supply and Demand: The Evolution of the Homeownership, Education and Counseling Industry," Institute Report No. 00 01, The Research Institute for Housing America.
20. Pavlov, A. (2001). "Competing Risks of Mortgage Termination: Who Refinances, Who Moves, and Who Defaults?" Journal of Real Estate Finance and Economics 23(2), 185 211.
21. Peristiani, S., P. Bennett, G. Monsen, R. Peach, and J. Raiff. (1997). "Credit, Equity, and Mortgage Refinancing," Economic Policy Review 3(2), 83 99.
22. Quercia, R. G., and S. M. Watcher. (1996). "Homeownership Counseling Performance: How Can It Be Measured?" Housing Policy Debate 7(1), 175 200.
23. Quigley, J. M., and R. Van Order. (1995). "Explicit Tests of Contingent Claims Models of Mortgage Default," The Journal of Real Estate Finance and Economics 1, 99 117.