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Issue 5(1), October 2010 -- Paper Abstracts
Girard  (p. 9-22)
Cooper (p. 23-32)
Kunz-Osborne (p. 33-41)
Coulmas-Law (p.42-46)
Stasio (p. 47-56)
Albert-Valette-Florence (p.57-63)
Zhang-Rauch (p. 64-70)
Alam-Yasin (p. 71-78)
Mattare-Monahan-Shah (p. 79-94)
Nonis-Hudson-Hunt (p. 95-106) 



JOURNAL OF ACCOUNTING AND FINANCE 


The Leverage Cycle in the Mortgage Market



Author(s): Albert Alex Zevelev

Citation: Albert Alex Zevelev, (2018) "The Leverage Cycle in the Mortgage Market",  Journal of Accounting and Finance, Vol. 18, ss. 7, pp. 163-182

Article Type: Research paper

Publisher: North American Business Press

Abstract:

The recent boom and bust in house prices coincided with a boom and bust in mortgage leverage. At the
peak of the boom, regions with the greatest rise in house prices also had the greatest rise in leverage.
During the bust, regions with the greatest drop in house prices also had the greatest drop in leverage.
During the peak of the housing boom, most highly leveraged borrowers had second mortgages for the
portion of the loan with LTV >80%. When house prices began to drop, most second mortgages
disappeared.