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Columbia Business School - Finance and Economics
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real options, real estate, uncertainty, investment
Strategic behavior, mortgage modification, default, foreclosure crisis, Countrywide
housing prices, housing rents, user costs, fundamentals, bubbles
Inefficiency of refinancing, prepayment penalties, risky borrowers, mortgages
house prices, income inequality, housing supply
housing, affordability, renters, regulation
Subprime, Mortgages, HMDA
mortgage, second lien
CDO, ABS, structured finance, securitization
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File name: Dp2813.
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Housing markets, loss aversion, prospect theory
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