Underwater mortgages and mortgage default risk in a recourse market
Underwater mortgages and mortgage default risk in a recourse market
Underwater mortgages and mortgage default risk in a recourse market
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Schilder & Francke (UvA/ASRE/Ortec) Figure: <strong>Underwater</strong> households <strong><strong>mortgage</strong>s</strong>/<strong>mortgage</strong> underwater<br />
<strong>default</strong> <strong>risk</strong> ERES 2012 18 / 36<br />
Results<br />
determ<strong>in</strong>ants households be<strong>in</strong>g underwater<br />
% households underwater <strong>and</strong> avg. LTV per region<br />
(a) 2002 (b) 2006 (c) 2009