Personal finance |
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Credit · Debt |
Employment contract |
Retirement |
Personal budget and investment |
See also |
![](http://upload.wikimedia.org/wikipedia/commons/thumb/c/cb/Average_sale_prices_of_new_homes_sold_in_the_United_States%2C_1963-2016.png/220px-Average_sale_prices_of_new_homes_sold_in_the_United_States%2C_1963-2016.png)
![](http://upload.wikimedia.org/wikipedia/commons/thumb/0/06/Standalone_second_lien_deals_issued%2C_1995-2006.png/220px-Standalone_second_lien_deals_issued%2C_1995-2006.png)
Answer to module 7 questions
editDescription: Rottnest Island, January 2020.
Is it your own work? Yes. The image was using my phone camera.
What is the file format? IMG
What license have you chosen? CC0 - no rights reserved
What category/gallery will you add it to? Category: Beaches
How will you describe the file? Rottnest Island beach on a sunny day in summer.
Practicing Citations
editLoan Structure
editStandalone mortgages and piggyback loan structures have different implications for home buyers in terms of down payment requirements.[1]
Determinants of Historical Loan Performance
editThe Combined Loan-to-Value ratio (CLTV), Fair Isaac Corporation (FICO) and Debt-to-Income ratio (DTI) are computed and applied to credit performance analysis of agency and non-agency sectors within the mortgage backed securities (MBS) market.[2]
Trends in Second Mortgages
editFactors that influence home equity withdrawals and second mortgages include inflation rates, interest rates, competition within the housing market and housing prices.[3]
History of Second Mortgages
editThe Global Financial Crisis of 2007 was heavily influenced by the rapid increase of second mortgages throughout the mid 2000’s.[4] The impacts of second mortgages on the housing market crash can be explained with reference to LTV, CLTV, DTI and FICO scores.
References
edit- ^ Eriksen, Michael D.; Kau, James B.; Keenan, Donald C. (2013-07-19). "The Impact of Second Loans on Subprime Mortgage Defaults". Real Estate Economics. 41 (4): 858–886. doi:10.1111/reec.12016. ISSN 1080-8620.
- ^ GOODMAN, LAURIE, author. Subprime Mortgage Credit Derivatives. OCLC 1159657945.
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has generic name (help)CS1 maint: multiple names: authors list (link) - ^ Ebner, André (2010). "A Micro View on Home Equity Withdrawal and Its Determinants Evidence from Dutch Households". SSRN Electronic Journal. doi:10.2139/ssrn.1550026. ISSN 1556-5068.
- ^ Edmiston, Kelly (2007). "Rising Foreclosures in the United States: A Perfect Storm". Economic Review.