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18 Pages

Housing Market Bubbles and Mortgage Contract Design: Implications for Mortgage Lenders and Households

Geoffrey Poitras and
Giovanna Zanotti

J. Risk Financial Manag.2018, 11(3), 42;https://doi.org/10.3390/jrfm11030042

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17 July 2018

This paper explores the implications of a housing market bubble for three critical elements of mortgage contract design: difference between term to maturity and amortization period; prepayment options; and, lender recourse in the event of default. Us...

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