Voluntary Mortgage Default and Policy Implications

نویسندگان

  • Lilai Xu
  • Yu Xiaofen
چکیده

This paper examines economic significance of the most important variables which explain home mortgage default, the voluntary default in particular, and discusses policy implications for the Chinese mortgage sector. It is suggested that to foster the residential market in the economic transition, policy makers should give more attention to standard underwriting criteria, early indicator, risk-sharing as well as negative equity and

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تاریخ انتشار 2001