Mortgage Innovation, Mortgage Choice, and Housing Decisions (ICPSR 25063)
Version Date: Mar 12, 2009 View help for published
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Matthew S. Chambers, Towson University;
Carlos Garriga, Federal Reserve Bank of St. Louis;
Don Schlagenhauf, Florida State University
https://doi.org/10.3886/ICPSR25063.v1
Version V1
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This paper examines some of the more recent mortgage products now available to borrowers. The authors describe how these products differ across important characteristics, such as the down payment requirement, repayment structure, and amortization schedule. The paper also presents a model with the potential to analyze the implications for various mortgage contracts for individual households, as well as to address many current housing market issues. The authors use the model to examine the implications of alternative mortgages for homeownership and to show that interest rate-adjustable mortgages and combo loans can help explain the rise-and fall-in homeownership since 1994.
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The zipped package contains programming syntax used to generate the tables found in the article.
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These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigators if further information is desired.
Original Release Date View help for Original Release Date
2009-03-12
Version History View help for Version History
- Chambers, Matthew S., Carlos Garriga, and Don Schlagenhauf. Mortgage Innovation, Mortgage Choice, and Housing Decisions. ICPSR25063-v1. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2009-03-12. http://doi.org/10.3886/ICPSR25063.v1
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These data are flagged as replication datasets and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.
The public-use data files in this collection are available for access by the general public. Access does not require affiliation with an ICPSR member institution.