Housing Markets and Mortgage Finance | 0:e upplagan

This thesis deals with questions related to the housing market. The first chapter analyzes how the housing market responds to a sudden abolishment of teaser prices. The second chapter investigates how the terms of a loan contract interact with the legal system to shape who defaults on their mortgage loan, and why they default. The third chapter develops a new numerical method required to solve the particular class of dynamic programming models used in the second chapter.