独自打保龄球，独自买房:美国抵押贷款市场共同借款人的减少

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2022-12-01 DOI:10.1016/j.jhe.2022.101876

Eglė Jakučionytė , Swapnil Singh

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引用次数: 0

摘要

本文记录了自20世纪90年代初以来美国抵押贷款市场中与共同借款人相关的风格化和经验事实。在不同的收入和人口群体中，有共同借款人的抵押贷款比例急剧下降。我们表明，尽管这种下降是美国各地的普遍现象，但它表明了显著的区域异质性，这导致了当地抵押贷款市场结果的差异。共同借款人比例较低的地区，抵押贷款违约率较高。此外，在不利冲击的情况下，拥有共同借款人的抵押贷款份额较低的地区，房价增长持续较低，购买和再融资抵押贷款增长也较低。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Bowling alone, buying alone: The decline of co-borrowers in the US mortgage market

This paper documents stylized and empirical facts associated with co-borrowers in the US mortgage market since the early 1990s. The share of mortgages with a co-borrower has declined dramatically across different income and demographic groups. We show that this decline, despite being a universal phenomenon across the US, evinces significant regional heterogeneity which contributes to the divergence in local mortgage markets outcomes. Regions with a lower co-borrower share have higher mortgage default rates. Further, in an event of an adverse shock, regions with a low share of mortgages with a co-borrower experience persistently lower house price growth, and lower purchase and refinance mortgage growth.

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.