The determinants of mortgage delinquency

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dc.contributor.author Reichenberger, Adam
dc.date.accessioned 2011-05-05T22:13:05Z
dc.date.available 2011-05-05T22:13:05Z
dc.date.issued 2011-05-05
dc.identifier.uri http://hdl.handle.net/2097/8753
dc.description.abstract The recent housing crisis has highlighted the need to better understand the determinants of mortgage default. Concerns about potential sizable differences in default rates by race and ethnicity as well as reports in the popular press regarding the propensity for rising numbers of homeowners to strategically default motivate a careful study of mortgage delinquency in America post-housing bubble. Using longitudinal data from the Panel Study of Income Dynamics (PSID), we examine borrowers in the years 2005, 2007 and 2009 and, controlling for a number of default-related variables, take a closer look at the characteristics of those delinquent on their mortgage by 2009. We find startling racial and ethnic gaps present as well as strong effects from children, education, and the presence of recourse/non-recourse laws in the state of residence on the likelihood of delinquency. In addition, we find evidence that strategic default plays a role in explaining the likelihood that a homeowner in 2005 will be delinquent on his or her mortgage by 2009. en_US
dc.language.iso en_US en_US
dc.publisher Kansas State University en
dc.subject Mortgage delinquency en_US
dc.subject Demographics en_US
dc.title The determinants of mortgage delinquency en_US
dc.type Thesis en_US
dc.description.degree Master of Arts en_US
dc.description.level Masters en_US
dc.description.department Department of Economics en_US
dc.description.advisor Tracy M. Turner en_US
dc.subject.umi Economics (0501) en_US
dc.date.published 2011 en_US
dc.date.graduationmonth May en_US


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