On the rationality of borrowers’ behaviour: Comparing risk attitudes of homeowners
Peter Neuteboom
Abstract
Open-access reader
Peter Neuteboom
Abstract
Open-access reader
1 Comparing mortgage risks in a cross-country framework "I often say that when you can measure what you are speaking about and express it in numbers you know something about it; but when you cannot measure it, when you cannot express it in numbers, your knowledge is of a meagre and unsatisfactory kind."
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1 Comparing mortgage risks in a cross-country framework "I often say that when you can measure what you are speaking about and express it in numbers you know something about it; but when you cannot measure it, when you cannot express it in numbers, your knowledge is of a meagre and unsatisfactory kind."
Key concepts: Shared appreciation mortgage, Mortgage underwriting, Mortgage insurance, Collateralized mortgage obligation, Secondary mortgage market, Rationality, Business, Product (mathematics)