Abstract
I explore the determinants of mortgage defaults in Australia. Specifically, I use a novel two-stage hazard model to examine evidence for the ‘double-trigger’ hypothesis – that defaults require both an inability to repay the loan and the loan to be in negative equity. My results are broadly consistent with the double-trigger hypothesis. Ability-to-pay factors, such as regional unemployment rates and borrowers' repayment-to-income ratios, are found to be correlated with loans entering arrears. Transitions from arrears to foreclosure, on the other hand, are more closely linked to the extent of negative equity.
https://www.rba.gov.au/publications/rdp/2020/2020-03.html
AbstractI explore the determinants of mortgage defaults in...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add HLI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$4.27 |
Change
0.080(1.91%) |
Mkt cap ! $1.194B | |||
| Open | High | Low | Value | Volume |
| $4.22 | $4.28 | $4.22 | $3.960M | 930.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 40 | 34860 | $4.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.27 | 59 | 4 |
View Market Depth
| Last trade - 12.57pm 04/11/2024 (20 minute delay) ? |
| HLI (ASX) Chart |