Search Results

No results found.

(refine search)
SORT BY: PREVIOUS / NEXT
Keywords:Reverse Mortgages 

Working Paper
How House Price Dynamics and Credit Constraints affect the Equity Extraction of Senior Homeowners

Households can borrow against equity through different channels, including home equity lines of credit (HELOCs), second liens, cash-out refinancing, and--for senior homeowners--reverse mortgages. We use data from the New York Federal Reserve/Equifax Consumer Credit Panel, the U.S. Department of Housing and Urban Development, and other sources to jointly estimate the decision to extract equity through these different channels. Specifically, we identify the influence of credit constraints, house price dynamics and their interactions on the proportion of seniors in a ZIP code extracting through ...
Finance and Economics Discussion Series , Paper 2015-70

PREVIOUS / NEXT