[图书][B] Finance for normal people: how investors and markets behave
M Statman - 2017 - books.google.com
Finance for Normal People teaches behavioral finance to people like you and me-normal
people, neither rational nor irrational. We are consumers, savers, investors, and managers …
people, neither rational nor irrational. We are consumers, savers, investors, and managers …
Aging in place, housing maintenance, and reverse mortgages
We study the role of housing wealth in financing retirement consumption. In our model
retirees: 1. derive utility benefits from remaining in their home (aging in place); and 2 …
retirees: 1. derive utility benefits from remaining in their home (aging in place); and 2 …
An analysis of default risk in the Home Equity Conversion Mortgage (HECM) program
While reverse mortgages are intended as a tool to enable financial security for older
homeowners, in 2014, nearly 12 percent of reverse mortgage borrowers in the federally …
homeowners, in 2014, nearly 12 percent of reverse mortgage borrowers in the federally …
Can “high costs” justify weak demand for the Home Equity Conversion Mortgage?
T Davidoff - The Review of Financial Studies, 2015 - academic.oup.com
Abstract Home Equity Conversion Mortgages (“HECMs”) implicitly bundle nondefaultable
credit lines with put options that let borrowers, or their heirs, sell mortgaged homes for the …
credit lines with put options that let borrowers, or their heirs, sell mortgaged homes for the …
The role of appreciation and borrower characteristics in reverse mortgage terminations
T Davidoff, GM Welke - Journal of Real Estate Research, 2017 - Taylor & Francis
The Federal Housing Administration (FHA) insures Home Equity Conversion Mortgage
(HECM) lenders against shortfalls between loan balances and collateral value. Because …
(HECM) lenders against shortfalls between loan balances and collateral value. Because …
How mortgage finance affects the urban landscape
This chapter considers the structure of mortgage finance in the United States and its role in
shaping patterns of homeownership, the nature of the housing stock, and the organization of …
shaping patterns of homeownership, the nature of the housing stock, and the organization of …
Standard and behavioral life-cycle theories and public policy
M Statman - The Journal of Retirement, 2017 - search.proquest.com
Behavioral life-cycle theory is centered on the hypothesis that even people who want
smooth spending during their entire life cycle, as predicted by standard life-cycle theory, find …
smooth spending during their entire life cycle, as predicted by standard life-cycle theory, find …
Can everyone tap into the housing piggy bank? Racial disparities in access to home equity
This paper documents large racial disparities in the ability of homeowners to access their
housing wealth without moving. During the 2018–2021 period, Black homeowners' …
housing wealth without moving. During the 2018–2021 period, Black homeowners' …
Do Reverse Mortgage Borrowers Use Credit Ruthlessly?
T Davidoff, J Wetzel - Available at SSRN 2279930, 2014 - papers.ssrn.com
Abstract Home Equity Conversion Mortgages (" HECMs") offer older US homeowners
liquidity and implicit home price insurance. If borrowers' homes are worth less than their loan …
liquidity and implicit home price insurance. If borrowers' homes are worth less than their loan …
A dynamic discrete choice model of reverse mortgage borrower behavior
Using unique data on reverse mortgage borrowers in the Home Equity Conversion
Mortgage (HECM) program, we semiparametrically estimate a dynamic discrete choice …
Mortgage (HECM) program, we semiparametrically estimate a dynamic discrete choice …