It takes the average reader 1 hour and 2 minutes to read Mortgage Default and House Customization by Jose Gil Ferreira Vieira Filho
Assuming a reading speed of 250 words per minute. Learn more
Here I pose a new channel explaining the mortgage defaults. The home owners can customize their house structures whenever they want whereas renters cannot. Hence the owned houses are preferable to the rented ones. That generates a utility cost when moving from an owned to a rented house. If the defaulted households are forced to live in rented homes then the default cost is related to the distance between the rental and house owning markets. By calibrating a model with these features, I was able to qualitatively match the foreclosure rates and the distribution of defaults conditional that the household has negative equity on his house. Moreover, the calibrated results indicate that the effect of unemployment over the foreclosure rates is not very important. Estimates from panel regressions indicate that the new channel can have an important role.
Mortgage Default and House Customization by Jose Gil Ferreira Vieira Filho is 62 pages long, and a total of 15,624 words.
This makes it 21% the length of the average book. It also has 19% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 25 minutes to read Mortgage Default and House Customization aloud.
Mortgage Default and House Customization 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.
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