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State-Level Information On Negative Home Equity And Loan Performance In The Nonprime Mortgage Market
Author: William B. Shear
Publisher: DIANE Publishing
Keywords: performance, nonprime, mortgage, market, loan, equity, level, information, negative, home, state
Number of Pages: 38
Published: 2010-10
ISBN-10: 1437934943
ISBN-13: 9781437934946
The decline of home prices in many parts of the country has left millions of homeowners with negative home equity, meaning that their outstanding mortgage balances exceed the current value of their homes. A substantial proportion of borrowers with active nonprime mortgages had negative equity in their homes as of June 30, 2009. For ex., among the 16 metro areas examined, the percentage of nonprime borrowers with negative equity ranged from about 9% (Denver, CO) to more than 90% (Las Vegas, NV). This report examines, at the state level, the estimated proportion of nonprime borrowers with active
1686
Author: Yash P. Mehra
Publisher: DIANE Publishing
Keywords: economic, quarterly, reprint, spending, prices, consumer, oil
Number of Pages: 20
Published: 2008-10
ISBN-10: 143790498X
ISBN-13: 9781437904987
Empirical evidence suggests that oil price increases have a negative effect on spending whereas oil price declines have no effect. The estimated negative effect of an oil price increase on spending is larger if we focus on oil price increases that occur after a period of stable oil prices (net oil price increases), or if spending includes durables, the latter suggesting the possible negative influence of energy prices on the purchase of big-ticket consumption goods. Furthermore, the estimated oil price coefficients in the consumption equation do not show parameter instability during the 1980s,
28274
Author: Stephanie R. Hawkins
Publisher: DIANE Publishing
Keywords: delinquency, protect, factors, girls, resilient
Number of Pages: 16
Published: 2010-08
ISBN-10: 1437931022
ISBN-13: 9781437931020
From 1991 to 2000, arrests of girls increased more than arrests of boys for most offenses. By 2004, girls accounted for 30% of all juvenile arrests. Resilience, the psychological ability to successfully cope with severe stress and negative events, is a widely studied concept that has important implications for the development of delinquency prevention and intervention programs. Scientists still cannot completely explain why some children are resilient to the negative events in their life and others are not. Furthermore, factors associated with resilience may not be the same for both genders. T
10083
Author: Michael Lokshin
Publisher: World Bank Publications
Keywords: developing, country, evidence, smoking, earnings, forgone
Number of Pages: 27
Published: 2006
eBookDB-ID: GGKEY:0AAW
The authors estimate the economic losses related to the negative effect of smoking on wages in a context of a developing country. Using data from the 2005 Albania Living Standards Monitoring Survey, they jointly estimate a system of three equations: the smoking decision and two separate wage equations for smokers and nonsmokers. The results show that, after controlling for observed characteristics and taking into account unobserved heterogeneity in personal characteristics, smoking has a substantial negative impact on wages. On average smokers' wages are 20 percent lower than the wages of simi
8124
Author: Matthew P. McCartney
Publisher: IWMI
Keywords: development, resources, sub, saharan, africa, water, agricultural, negative, environmental, health, impacts, minimizing
Number of Pages: 43
Published: 2007-01-01
ISBN-10: 9290906588
ISBN-13: 9789290906582
35614
Author: William B. Shear
Publisher: DIANE Publishing
Keywords: prime, mortgage, market, non, equity, performance, negative, home, loan
Number of Pages: 64
Published: 2010-10
ISBN-10: 143792770X
ISBN-13: 9781437927702
The number of nonprime mortgage originations grew rapidly from 2000 through 2006, a period during which average house prices appreciated dramatically. The nonprime share of mortgage originations rose from 12% in 2000 to 34% in 2006. As house prices subsequently fell, the subprime and Alt-A market segments contracted sharply. Borrowers who had obtained nonprime mortgages earlier in the decade increasingly fell behind on their mortgage payments. This report: (1) provides info. on the performance of these nonprime loans as of 6/30/09, and describes forecasts made by others of future loan performa
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