Evidence on the Benefits of Alternative Mortgage Products

Material TypeArticleLanguageEnglish
TitleEvidence on the Benefits of Alternative Mortgage Products Author(S)JOAO F. COCCO (Author)
Abstract  Alternative mortgage products have been identified by many as culprits in the financial crisis. However, because of their lower initial mortgage payments relative to loan amount, they may be a valuable tool for households that expect higher and more certain future labor income, and that wish to smooth consumption over the life-cycle. ...Paginationp 1663-1690
SubjectEconomicsDescriptorsFinance
Journal TitleThe Journal of Finance  
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