This paper extends the standard single-period model of deposit insurance to a mutliperiod
setting. It incorporates a variety of features describing bank and regulator behavior, such as …

Becoming a first-time homebuyer is quantified in two stages using household data. A renter
demand curve is estimated to calculate the consumer surplus gain from moving into housing …

Techniques used to predict mortgage defaults during a relatively stable period proved less
successful during the turbulent financial cycle of the early 1980s. An alternative specification …

State and local housing finance agencies (HFAs) issued over $50 billion of mortgage revenue
bonds (MRBs) from 1982 to 1986 to finance subsidized mortgages for first-time home …

Risky markets like non-agency RMBS require methods to determine risk-adjusted returns.
Risk is properly defined as the volatility of potential returns, and options theory provides …

This book could be entitled," Everything You Ever Wanted to Know About Home Owner
Maintenance Behavior." The author provides a comprehensive inquiry into the factors affecting …

The MRB tax expenditure has shown remarkable resilience over time. MRBs survived even
during the years of Gramm-Rudman-Hollings and the fight for deficit reduction. This despite …