1 An Introduction to Mortgage Market Economics.
2 The Demand for Mortgage Finance: Theory.
3 The Demand for Mortgage Finance: Empirical Evidence.
4 The ‘Tilt’, Mortgage Designs and the Amortisation of Debt.
5 Rationing, Mortgage Market Adjustment and Separating Equilibrium.
6 Credit Rationing, Mortgage Market Adjustment and Separating Equilibrium: Empirical Evidence.
7 The Households Choice of Mortgage Design: Theory.
8 The Households Choice of Mortgage design: Empirical Evidence.
9 The Risky Mortgage Contract and Embedded Options: Mortgage Valuation and Household Behaviour.
10 Prepayment and Default Behavior: Empirical Evidence.
11 Conclusion: The ‘Field’ of Mortgage Market Economics.
Building Research & Information 33(4) 2005
* Presents a complex set of issues in an accessible way for the non-mathematical reader
* Links consumer behaviour to issues of mortgage valuation