Search results for "Mortgage"

A comment on mortgage procylicality

2012

This paper comments on mortgage procyclicality. A framework for credit constraints along the lines of Kiyotaki and Moore (1997) is applied to illustrate a potential regime shift in the credit risk assessments of mortgagees. Depending on the relationship between house price growth and the alternative rate of return the weight given to collateral and debt-servicing ability may vary according to the house price cycle as mortgagees engage in search-for-yield. The regime shifts induced by increased global liquidity and expectations of continued housing appreciation might stimulate owner-occupation and LTV-ratios and induce mortgage procyclicality.

Security rights and insolvency law in the Roman legal system

2017

This chapter contains an analysis in depth of the Roman law system on security rights in rem (Spain, Italy, France).

Integration of Mortgage and Capital Markets: Evidence in the Spanish Case

2006

The spectacular development of the Spanish mortgage market during the last decade has increased the concern about its financial integration with other capital markets. This paper examines the degree of integration between the mortgage market and two broader capital markets such as the public debt market and the money market in the Spanish case. With this purpose, different time series techniques in a context of cointegration have been used. The results obtained reveal that there exists an important degree of integration between the mortgage market and the general capital markets in Spain. In particular, the public debt market and, especially, the money market have turned into essential refe…

Interactions between financial stress and economic activity for the U.S.: A time- and frequency-varying analysis using wavelets

2018

Abstract This paper examines the interactions between the main U.S. financial stress indices and several measures of economic activity in the time–frequency domain using a number of continuous cross-wavelet tools, including the usual wavelet squared coherence and phase difference as well as two new summary wavelet-based measures. The empirical results show that the relationship between financial stress and the U.S. real economy varies considerably over time and depending on the time horizon considered. A significant adverse effect of financial stress on U.S. economic activity is observed since the onset of the subprime mortgage crisis in the summer of 2007, indicating that the impact of fin…

Apertura di credito, artt. 38 ss. t.u.b. e omessa indicazione del T.A.E.G

2022

La Suprema Corte limita il privilegio processuale in favore del credito fondiario

2019

Lo scritto esamina una recente pronuncia della Corte di Cassazione, che ha ristretto la possibilità per i creditori fondiari di partecipare alla distribuzione del ricavato della espropriazione individuale proseguita ai sensi dell’art. 41, 2° comma, TUB (D.Lgs. 1° settembre 1993, n. 385). L’A., dopo avere ripercorso la disciplina positiva che regola i rapporti tra credito fondiario e fallimento, espone alcune considerazioni critiche sulla decisione. A recent judgment of the Supreme Court narrows the rights of banks, as mortgagee creditors, to seize the assets of the debtor notwithstanding bankruptcy proceedings, according to paragraph 41, subsection 2, of the Italian Consolidated Law on Bank…

Giudicato tributario, oggetto del giudizio di ottemperanza e impugnazione della sentenza

2020

La sentenza emessa in ottemperanza è limitata, quanto all’oggetto, all’ambito della sentenza da ottemperare ed è impugnabile solo con ricorso per cassazione ai sensi dell’art. 70 del D.lgs. n. 546/92 e in coerenza con l’art. 111 della Cost. The judgment given in compliance, limited, as to the object, to the scope of the judgment to be complied with, is subject to appeal only by appeal to the Supreme Court, as provided by art. 70, D.lgs. n. 546/92 and pursuant to art. 111 Cost.

O potrzebie nowego uregulowania odwróconej hipoteki

2017

Głównym celem pracy jest zbadanie polskiego stanu prawnego dotyczącego instytucji odwróconej hipoteki oraz analiza stosowalności i skuteczności przyjętych regulacji. Na gruncie tego opracowania podjęta została próba udowodnienia tezy, że instytucja odwróconej hipoteki jest potrzebna, lecz aktualny stan prawny jest uregulowaniem niepełnym i nieskutecznym, a ponadto, że istnieje potrzeba nowego unormowania obu modeli odwróconej hipoteki. Aby udowodnić postawioną tezę, konieczne było przeanalizowanie procesów legislacyjnych ustawy o odwróconym kredycie hipotecznym oraz ustawy o dożywotnim świadczeniu pieniężnym, która to ostatecznie nie weszła w życie. Wskazanie uchybień i niedokładności w tre…