2016
DOI: 10.1016/j.jbankfin.2016.05.005
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Reducing the impact of real estate foreclosures with Amortizing Participation Mortgages

Abstract: Use policyThe full-text may be used and/or reproduced, and given to third parties in any format or medium, without prior permission or charge, for personal research or study, educational, or not-for-prot purposes provided that:• a full bibliographic reference is made to the original source • a link is made to the metadata record in DRO • the full-text is not changed in any way The full-text must not be sold in any format or medium without the formal permission of the copyright holders.Please consult the full D… Show more

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Cited by 9 publications
(4 citation statements)
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“…26. Other commentators discuss the possibility of risk sharing between the lender and the borrower through participation mortgages (Wojakowski et al, 2016) and sharedresponsibility mortgages (Mian & Sufi, 2015).…”
Section: Discussionmentioning
confidence: 99%
“…26. Other commentators discuss the possibility of risk sharing between the lender and the borrower through participation mortgages (Wojakowski et al, 2016) and sharedresponsibility mortgages (Mian & Sufi, 2015).…”
Section: Discussionmentioning
confidence: 99%
“…This author has struggled to find papers analytically scrutinising the economic merits of DM. Some that were found are Bashir et al (1993) on the optimal level of equity to invest into a DM arrangement and several papers on how to implement a similar arrangement into mortgages (Ebrahim 1996;Ebrahim et al 2011;Wojakowski et al 2016). Several other papers explicitly invoke contract theory so they shall be discussed in the next literature review section.…”
Section: Diminishing Mushārakah (Dm)mentioning
confidence: 99%
“…Вопросам анализа и разработки математических моделей для ипотечного кредитования посвящено достаточно работ [1][2][3][4][5][6]. Например, Michael McAleer в своей научной статье [3] пришел к выводу, что некоторые высокорисковые заемщики выбирают либо традиционную ипотеку с фиксированной ставкой, либо ипотеку с регулируемой ставкой, в то время как заемщики с умеренным риском и доходом предпочитают сочетание двух этих продуктов.…”
Section: Mathematical Models For Calculation Of the Parameters Of The Bank And The Borrower In The Mortgage Lendingunclassified