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
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
dd<br />
de<br />
dd<br />
ddl ddl dl<br />
Schilder & Francke (UvA/ASRE/Ortec) <strong>Underwater</strong> <strong><strong>mortgage</strong>s</strong>/<strong>mortgage</strong> <strong>default</strong> <strong>risk</strong> ERES 2012 26 / 36<br />
<br />
Simple equity scenarios<br />
Results<br />
<strong>default</strong> probability: duration<br />
dd<br />
dddddeeeeddddddddddddde