User:Jtay2222/sandbox

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Answer to module 7 questions edit

Description: Rottnest Island, January 2020.

Is it your own work? Yes. The image was using my phone camera.

What is the file format? IMG

What license have you chosen? CC0 - no rights reserved

What category/gallery will you add it to? Category: Beaches

How will you describe the file? Rottnest Island beach on a sunny day in summer.

Rottenest Island, Perth Australia.

Practicing Citations edit

Loan Structure edit

Standalone mortgages and piggyback loan structures have different implications for home buyers in terms of down payment requirements.^[1]

Determinants of Historical Loan Performance edit

The Combined Loan-to-Value ratio (CLTV), Fair Isaac Corporation (FICO) and Debt-to-Income ratio (DTI) are computed and applied to credit performance analysis of agency and non-agency sectors within the mortgage backed securities (MBS) market.^[2]

Trends in Second Mortgages edit

Factors that influence home equity withdrawals and second mortgages include inflation rates, interest rates, competition within the housing market and housing prices.^[3]

History of Second Mortgages edit

The Global Financial Crisis of 2007 was heavily influenced by the rapid increase of second mortgages throughout the mid 2000’s.^[4] The impacts of second mortgages on the housing market crash can be explained with reference to LTV, CLTV, DTI and FICO scores.

References edit

^ Eriksen, Michael D.; Kau, James B.; Keenan, Donald C. (2013-07-19). "The Impact of Second Loans on Subprime Mortgage Defaults". Real Estate Economics. 41 (4): 858–886. doi:10.1111/reec.12016. ISSN 1080-8620.
^ GOODMAN, LAURIE, author. Subprime Mortgage Credit Derivatives. OCLC 1159657945. {{cite book}}: |last= has generic name (help)CS1 maint: multiple names: authors list (link)
^ Ebner, André (2010). "A Micro View on Home Equity Withdrawal and Its Determinants Evidence from Dutch Households". SSRN Electronic Journal. doi:10.2139/ssrn.1550026. ISSN 1556-5068.
^ Edmiston, Kelly (2007). "Rising Foreclosures in the United States: A Perfect Storm". Economic Review.

[1] Eriksen, Michael D.; Kau, James B.; Keenan, Donald C. (2013-07-19). "The Impact of Second Loans on Subprime Mortgage Defaults". Real Estate Economics. 41 (4): 858–886. doi:10.1111/reec.12016. ISSN 1080-8620.

[2] GOODMAN, LAURIE, author. Subprime Mortgage Credit Derivatives. OCLC 1159657945. {{cite book}}: |last= has generic name (help)CS1 maint: multiple names: authors list (link)

[3] Ebner, André (2010). "A Micro View on Home Equity Withdrawal and Its Determinants Evidence from Dutch Households". SSRN Electronic Journal. doi:10.2139/ssrn.1550026. ISSN 1556-5068.

[4] Edmiston, Kelly (2007). "Rising Foreclosures in the United States: A Perfect Storm". Economic Review.

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