Construct · 1 fields · 1 citations

liquidity versus wealth in mortgage default: a standalone construct

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Housing finance

the finding that default responds more to short-term payment relief than to reductions in underwater principal, pointing to liquidity rather than wealth as the driver.

In housing finance, liquidity versus wealth in mortgage default refers to the finding that default responds more to short-term payment relief than to reductions in underwater principal, pointing to liquidity rather than wealth as the driver. This meaning comes from Ganong (2020) in American Economic Review.[1]

Unit
Recovery means
Measured by

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Nearby constructs

default3 fields · 3 citationsjingle · one word, three constructs driver2 fields · 2 citationsjingle · one word, two constructs liquidity2 fields · 2 citationsjingle · one word, two constructs

References

Ganong, P., & Noel, P. (2020). Liquidity versus Wealth in Household Debt Obligations: Evidence from Housing Policy in the Great Recession. American Economic Review, 110(10), 3100-3138. https://doi.org/10.1257/aer.20181243

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