Table of contents for Economics of the mortgage market : perspectives on household decision making / David Leece.


Bibliographic record and links to related information available from the Library of Congress catalog. Note: Contents data are machine generated based on pre-publication information provided by the publisher. Contents may have variations from the printed book or be incomplete or contain other coding.


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Contents
Preface
1 An Introduction to Mortgage Market Economics
General Background
The Different Mortgage Markets
The Secondary Mortgage Market
Why Study Household Behaviour: The Rationale of the Book
The Structure of the Book
Reading the Book
Summary and Conclusions
Guide to Further Reading
2 The Demand for Mortgage Finance: Theory
Introduction
The Theoretical Basis of Mortgage Demand
Modelling Mortgage Demand Under Conditions of Certainty
Modelling Mortgage Demand Under Conditions of Uncertainty
Down payment Constraints and Mortgage Demand
Mortgage Demand, Other Mortgage Choices and the Nature of the Economic Environment
Summary and Conclusions
Guide to Further Reading
3 The Demand for Mortgage Finance: Empirical Evidence
Introduction
Some General Issues Encountered In Estimating Mortgage Demand Equations
The General Findings of United States Research
Empirical Research In the United Kingdom
A Comparison of United States and United Kingdom Research
Summary and Conclusions
Guide to Further Reading
4 The 'Tilt', Mortgage Designs and the Amortisation of Debt
Introduction
The Tilt and Cash Constraints
Mortgage Instruments for Dealing with the Tilt
The Role of the Flexibility of Mortgage Debt
Perspectives on the Maturity of Mortgage Debt
Empirical Studies of Amortisation Behaviour
Summary and Conclusions
Guide to Further Reading
5 Rationing, Mortgage Market Adjustment and Separating Equilibrium
Introduction
A Classification of Credit Rationing in the Mortgage Market
Disequilibrium Rationing
Market Adjustment and Dynamic Rationing
Asymmetric Information and Equilibrium Credit Market Rationing
Summary and Conclusions
Guide to Further Reading
6 Credit Rationing, Mortgage Market Adjustment and Separating Equilibrium: 
Empirical Evidence
Introduction
United Kingdom (Disequilibrium) Mortgage Credit Rationing Research
United States (Disequilibrium) Mortgage Credit Rationing Research
Modelling Mortgage Demand under Credit Rationing
Mortgage Market Adjustment and Dynamic Credit Rationing
Equilibrium Rationing Separating Equilibrium and Liquidity Constraints
Mortgage Credit Rationing In Other Economies
Summary and Conclusions
Guide to Further Reading
7 The Households Choice of Mortgage Design: Theory
Introduction
Theoretical Determinants of the Choice of Mortgage Instrument and Contract Heterogeneity
Payment Scheduling and Mortgage Contract Heterogeneity
Mortgage demand Under Uncertainty and Mortgage Contract Heterogeneity
Information Asymmetry and Mortgage contract Heterogeneity
Interest Rate Expectations and Mortgage Contract Heterogeneity 
Summary and Conclusions
Guide to Further Reading
8 The Households Choice of Mortgage design: Empirical Evidence
Introduction
Choice of Mortgage Instrument in the United States
Mortgage Contract Heterogeneity in the United States
The Simultaneous Determination of Mortgage Demand and Choice of Mortgage Instrument (US)
Choice of Mortgage Instrument in the United Kingdom
Mortgage Contract Heterogeneity In the United Kingdom
The Simultaneous Determination of Mortgage Demand and Choice of Mortgage Instrument (UK)
A Comparison of United States and United Kingdom Research
An Overview of Empirical Work on the Choice of Mortgage Instrument
Summary and Conclusions
Guide to Further Reading
9 The Risky Mortgage Contract and Embedded Options: Mortgage Valuation 
and Household Behaviour
Introduction
An Overview of the Option Theoretic Approach to Mortgage Valuation
The Stochastic Economic Environment
Valuing a Mortgage: The General Framework
The Prepayment Behaviour of the Wealth Maximising Borrower
The Default Behaviour of the Wealth Maximising Borrower
The Links Between Prepayment and Default Behaviour
The Valuation of Alternative Mortgage Instruments and Household Behavior
Summary and Conclusions
Guide to Further Reading
10 Prepayment and Default Behavior: Empirical Evidence
Introduction
The Study of Mortgage Termination Behavior
Approaches to the Econometric Modeling of Mortgage Termination Behavior
Default Specific Studies
Prepayment Specific Studies
Default and Prepayment Behavior as Competing Risks
Mortgage termination Behavior and Alternative Mortgage Instruments
Summary and Conclusions
Guide to Further Reading
11 Conclusion: The 'Field' of Mortgage Market Economics
Introduction
The State of the Art of Mortgage Market Economics: Retrospect and Prospect
Revisiting the Themes of the Book
Where to Mortgage Markets and Mortgage Market Economics?
Other Issues
Final Thoughts
Bibliography
 

Library of Congress Subject Headings for this publication: Mortgage loans, Mortgages, Housing Finance