The role of the economic environment on mortgage defaults during the Great Recession

dc.contributorCentro de Estudios Económicos
dc.creatorSarmiento, Camilo
dc.date.accessioned2023-08-23T16:36:31Z
dc.date.accessioned2023-09-06T21:17:28Z
dc.date.available2023-08-23T16:36:31Z
dc.date.available2023-09-06T21:17:28Z
dc.date.created2023-08-23T16:36:31Z
dc.date.issued2012
dc.identifier0960–3107
dc.identifierhttps://repositorio.escuelaing.edu.co/handle/001/2590
dc.identifier1466–4305
dc.identifierUniversidad Escuela Colombiana de Ingeniería Julio Garavito
dc.identifierRepositorio Digital
dc.identifierhttps://repositorio.escuelaing.edu.co/
dc.identifier.urihttps://repositorioslatinoamericanos.uchile.cl/handle/2250/8707331
dc.description.abstractThis article shows that the rise in unemployment played a very significant factor in the rise of mortgage delinquencies during the Great Recession. Estimation results, moreover, show that changes in the Unemployment Rate (UR; from loan origination) as opposed to the level of the UR explain mortgage default. Mortgage default is found to be significantly less responsive to declines than to increases in the UR.
dc.description.abstractEste artículo muestra que el aumento del desempleo jugó un factor muy importante en el aumento de la morosidad hipotecaria durante la Gran Recesión. Además, los resultados de la estimación muestran que los cambios en la Tasa de Desempleo (UR; desde la originación del préstamo) en contraposición al nivel de la UR explican el incumplimiento de las hipotecas. Se ha descubierto que el incumplimiento hipotecario responde significativamente menos a las caídas que a los aumentos en la RU.
dc.languageeng
dc.publisherRoutledge Taylor and Francis Group
dc.relationVol. 22 de 2012
dc.relation250
dc.relation243
dc.relation22
dc.relationN/A
dc.relationApplied Financial Economics
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dc.rightsinfo:eu-repo/semantics/closedAccess
dc.sourcehttp://www.tandfonline.com
dc.titleThe role of the economic environment on mortgage defaults during the Great Recession
dc.typeArtículo de revista


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