Skip navigation
Skip navigation

Mortgage Choice Determinants: The Role of Risk and Bank Regulation

Dungey, Mardi; Doko Tchatoka, Firmin; Wells, Graeme; Yanotti, Maria

Description

We shed new light on the role of borrower characteristics in mortgage product choice, and how these are impacted by regulatory capital requirements. Using rich loan-level data from the Australian market, we analyse the borrower idiosyncratic risk effects on the choice between variable-rate mortgages and other mortgages with reduced initial payments. We find that income, wealth and mobility risks play a role in product choice. We investigate regulatory capital requirements in a market where...[Show more]

CollectionsANU Research Publications
Date published: 2015
Type: Journal article
URI: http://hdl.handle.net/1885/103563
Source: The Economic Record
DOI: 10.1111/1475-4932.12205

Download

File Description SizeFormat Image
01_Dungey_Mortgage_Choice_Determinants%3A_2015.pdf194.26 kBAdobe PDF    Request a copy


Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  23 August 2018/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator