How Long to Read Local Housing Market Cycle and Loss Given Default
By Yanan Zhang
How Long Does it Take to Read Local Housing Market Cycle and Loss Given Default?
It takes the average reader and 31 minutes to read Local Housing Market Cycle and Loss Given Default by Yanan Zhang
Assuming a reading speed of 250 words per minute. Learn more
Description
This paper studies the impact of housing market cycles on loss given default (LGD). Previous studies have shown that the current loan-to-value ratio (CLTV) is the most important determinant of LGD. This paper establishes another linkage which is between the house price cycles before the time of mortgage origination and LGD. The empirical analysis is based on a large loan-level sub-prime residential mortgage loss dataset from 1998 to 2009. Results show that house price history has a long memory in explaining LGD. Its explanatory power far exceeds the original LTV and other loan characteristics. This paper offers a countercyclical view of LGD risk. The model can be combined with a default probability model to serve as a regulatory prudential tool. Such a tool provides a solution to the inherent procyclical bias in BASEL II capital requirements, and can contribute to the safety and soundness of banking institutions.
How long is Local Housing Market Cycle and Loss Given Default?
Local Housing Market Cycle and Loss Given Default by Yanan Zhang is 31 pages long, and a total of 7,781 words.
This makes it 10% the length of the average book. It also has 10% more words than the average book.
How Long Does it Take to Read Local Housing Market Cycle and Loss Given Default Aloud?
The average oral reading speed is 183 words per minute. This means it takes and 42 minutes to read Local Housing Market Cycle and Loss Given Default aloud.
What Reading Level is Local Housing Market Cycle and Loss Given Default?
Local Housing Market Cycle and Loss Given Default is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
Where Can I Buy Local Housing Market Cycle and Loss Given Default?
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