The role of the economic environment on mortgage defaults during the Great Recession
This 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...
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| Institution: | Escuela Colombiana de Ingeniería |
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| Main Authors: | , |
| Format: | Artículo de revista |
| Language: | English |
| Published: |
Routledge Taylor and Francis Group
2012
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| Subjects: | |
| Online Access: | https://repositorio.escuelaing.edu.co/handle/001/2590 |
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