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

dc.contributor.authorSarmiento, Camilo
dc.date.accessioned2023-08-23T16:36:31Z
dc.date.available2023-08-23T16:36:31Z
dc.date.issued2012
dc.identifier.issn0960–3107spa
dc.identifier.urihttps://repositorio.escuelaing.edu.co/handle/001/2590
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.eng
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.spa
dc.format.extent8 páginasspa
dc.format.mimetypeapplication/pdfspa
dc.language.isoengspa
dc.publisherRoutledge Taylor and Francis Groupspa
dc.sourcehttp://www.tandfonline.comspa
dc.titleThe role of the economic environment on mortgage defaults during the Great Recessioneng
dc.typeArtículo de revistaspa
dc.type.versioninfo:eu-repo/semantics/publishedVersionspa
oaire.accessrightshttp://purl.org/coar/access_right/c_14cbspa
oaire.versionhttp://purl.org/coar/version/c_970fb48d4fbd8a85spa
dc.contributor.researchgroupCentro de Estudios Económicosspa
dc.identifier.eissn1466–4305spa
dc.identifier.instnameUniversidad Escuela Colombiana de Ingeniería Julio Garavitospa
dc.identifier.reponameRepositorio Digitalspa
dc.identifier.repourlhttps://repositorio.escuelaing.edu.co/spa
dc.relation.citationeditionVol. 22 de 2012spa
dc.relation.citationendpage250spa
dc.relation.citationstartpage243spa
dc.relation.citationvolume22spa
dc.relation.indexedN/Aspa
dc.relation.ispartofjournalApplied Financial Economicseng
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dc.relation.referencesSarmiento, C. (2009) Regime changes in subprime margins under the US housing bubble, Applied Financial Economics, 19, 175–82.spa
dc.rights.accessrightsinfo:eu-repo/semantics/closedAccessspa
dc.subject.armarcRecesiones económicas
dc.subject.armarcCrisis económica
dc.subject.armarcDesempleo
dc.subject.armarcHipotecas
dc.subject.armarcEconomic recessions
dc.subject.armarcEconomic crisis
dc.subject.armarcUnemployment
dc.subject.armarcMortgages
dc.subject.proposalMortgageeng
dc.subject.proposalDefaulteng
dc.subject.proposalUnemploymenteng
dc.subject.proposalCompeting risk modelseng
dc.type.coarhttp://purl.org/coar/resource_type/c_6501spa
dc.type.contentTextspa
dc.type.driverinfo:eu-repo/semantics/articlespa


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