...David Leece Examines recent innovations in the UK mortgage market and links these to the theoretical and empirical literature on the choice of mortgage instrument by households. Low inflation rates and employment insecurity have led to a demand for more flexible payment and amortization scheduling...

...Day‐Yang Liu; Shin‐Ping Lee Aims to distinguish among different levels of default risk for residential mortgage loans and to examine the significant factors for the different levels of default risk. Classifies the sample into default and non‐default groups and analyses the original mortgage loan...

... even if credit can be properly priced. In contrast to neoclassical models of competitive markets where the interest rate is primarily determined by the interaction of the demand and supply of credit, the availability of mortgage credit depends on the bank’s willingness to make mortgage loans[ 2...

... of whether the mortgage rate dynamics can correctly be described by a one‐factor interest rate model. One‐factor interest rate models allow mathematical derivations of deterministic equations to price interest rate derivatives. Finds, however, that a single factor does not correctly describe the interest...

...Raymond Y.C. Tse Shows that there is a Granger causality relationship between house prices and mortgage flows in Hong Kong where there is a deposit‐rate ceiling and linked exchange rate. While the demand for housing units is distorted by mortgage constraint, any changes of housing demand or house...

...Youngblood Seeks to define, measure and diversify house price change for the advantage of lenders and investors in the non‐agency mortgage market. Comments that the Daiwa average has been calculated for all states and the variable trend can be used to predict future trends. Indicates...

...P. Howells; K. Tomlin Examines the changed impact of interest rates on households′post‐interest disposable income given the rise in house ownership financed largely through mortgage borrowing during the 1980s. Suggests that the high level of mortgage indebtedness now permits a rise in interest...

...Wendy Thomas Notes that long‐term financing of property in West Germany has traditionally been undertaken by the Hypothekenbanken (mortgage banks),the Landesbanken (state banks) and the Sparkassen (savings banks). Discusses German mortgages, mortgage bonds, valuations and the cost of finance...

... be considered a viable alternative. Concludes that, if one can afford to take the risk, the long‐term gains in terms of interest rate savings and potential debt reduction can be substantial. © MCB UP Limited 1991 Borrowing ECU ERM Financing Foreign currency accounting Loans Mortgages Property...

...Michael Bowden Looks at the results of the Law of Property (Miscellaneous Provisions) Act 1989: first, the formalities required to execute deeds;second, formalities for entering into a contract to dispose of land;third, other minor consequences – mortgages and business leases. © MCB UP Limited...

...Wilfred Goris; Arlette van Muylder Gives a brief overview of the Belgian legal system relating to commercial property finance. Makes reference to mortgages, shares and real estate certificates. © MCB UP Limited 1990 Belgium Finance Mortgages Commercial Property ...

... for good quality investment and development projects remains available. © MCB UP Limited 1990 Finance Mortgages Insurance Interest rates Mezzanine finance ...

...Thomas P.J. Hancock; Steven B. Tyler Considers the variety and range of predominantly public sector,non‐traditional residential property that has been developed. Examines the effect of repair schemes on mortgage availability. Identifies the principle providers of mortgage finance. Discusses...

...John Robinson Discusses factors affecting mortgage evaluations: first, debt and equity; second, development and investment finance; third, valuation and investment analysis; fourth, capitalization and cash flow analysis; and fifth, lenders security. Explains the use of various approaches by means...

... that whatever option or combination of options is or is not taken, a purely passive approach carries the greatest risk. © MCB UP Limited 1990 Finance Mortgages Hedging Interest rates ...

...Matthew Wyles Gives background to Commercial Mortgage Indemnity (CMI). Explains the concept and purpose of CMI. Explains: scope of cover, indemnities vs guarantees, “top slice” CMI, total cover, underwriting criteria and how to make a claim. Concludes that whereas CMI is sensitive to market...

... on such disposals. Concludes that a receiver′s duty of care should be regarded as equivalent to that of mortgagee. © MCB UP Limited 1990 Finance Insurance Mortgages Insolvency Value added tax Property Law ...

...Clive Soley Criticizes government housing finance policy. Condemns refusal to apply controls to the housing market. Argues lack of control has led to high rents and mortgage payments. Outlines the Labour Party′s alternative. Claims this alternative would be fair to owners and tenants. Concludes...

... (specifically DYSMAP2, University of Salford). Gives application examples. Concludes that events affecting the property market often take managers by surprise because of a failure to understand the nature of systems. © MCB UP Limited 1990 Finance Mortgages Insurance Interest rates ...

... that the purchaser must be careful about which affiliated companies are allowed in the schedule. © MCB UP Limited 1990 Finance Mortgages Insurance Interest rates ...