Please use this identifier to cite or link to this item: http://scholarbank.nus.edu.sg/handle/10635/122402
Title: ESSAYS ON MORTGAGE DEFAULT AND MODIFICATION
Authors: ZHANG YUNQI
Keywords: Mortgage, Default, Modification, Insurance, Liquidity, Financial Literacy
Issue Date: 5-Aug-2015
Citation: ZHANG YUNQI (2015-08-05). ESSAYS ON MORTGAGE DEFAULT AND MODIFICATION. ScholarBank@NUS Repository.
Abstract: THE THESIS FOCUSES ON ISSUES RELATED TO MORTGAGES. MORTGAGE ACCOUNTS FOR A SUBSTANTIAL PART OF THE BOND MARKETS AND PLAYED AN IMPORTANT ROLE IN THE GLOBAL FINANCIAL CRISIS STARTING AT THE END OF THE 2007. MY RESEARCH STUDIES MORTGAGE DEFAULT AND RENEGOTIATION FROM THE PERSPECTIVE OF LENDERS, BORROWERS AND REGULATORS. CHAPTER 2 STUDIES THE EFFECTS OF DEBT INSURANCE ON THE LIKELIHOOD OF DEBT RENEGOTIATION WITH THE SETTING OF MORTGAGES. MORTGAGE INSURANCE ENABLES MORTGAGE HOLDERS TO POTENTIALLY GET COMPENSATION FOR THE LOSS IN MORTGAGE INVESTMENT RESULTING FROM BORROWER?S DEFAULT AND SUBSEQUENT LIQUIDATION. IF A MORTGAGE LOAN BECOMES DELINQUENT, THE BORROWER MAY APPLY FOR MORTGAGE MODIFICATION. ACCORDING TO MORAL HAZARD THEORY, MORTGAGE HOLDERS ARE LESS LIKELY TO ACCEPT MORTGAGE MODIFICATION IF MORTGAGES ARE GUARANTEED BY MORTGAGE INSURANCE, BECAUSE THEIR LOSS CAN BE PAID BY THE INSURANCE COMPANY. I EMPIRICALLY TEST THIS EFFECT USING DATASETS INCLUDING DETAILED INFORMATION OF MORTGAGE O
URI: http://scholarbank.nus.edu.sg/handle/10635/122402
Appears in Collections:Ph.D Theses (Open)

Show full item record
Files in This Item:
File Description SizeFormatAccess SettingsVersion 
ZhangYQ.pdf1.69 MBAdobe PDF

OPEN

NoneView/Download

Page view(s)

48
checked on Nov 16, 2018

Download(s)

4
checked on Nov 16, 2018

Google ScholarTM

Check


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.