Does Home Equity Explain the Black Wealth Gap?

2011 ◽  
Author(s):  
Ajamu C. Loving ◽  
Michael S. Finke ◽  
John Salter
Keyword(s):  
Home Equity ◽  
Wealth Gap

Does home equity explain the black wealth gap?

2011 ◽  
Vol 27 (4) ◽  
pp. 427-451 ◽  
Author(s):  
Ajamu C. Loving ◽  
Michael S. Finke ◽  
John R. Salter
Keyword(s):  
Home Equity ◽  
Wealth Gap

Do Financial Support and Inheritance Contribute to the Racial Wealth Gap?

2012 ◽  
Author(s):  
Signe-Mary McKernan ◽  
Caroline Ratcliffe ◽  
Margaret Simms ◽  
Sisi Zhang
Keyword(s):  
Financial Support ◽  
Racial Wealth Gap ◽  
Wealth Gap

Home Equity in Retirement

2011 ◽  
Author(s):  
Makoto Nakajima ◽  
Irina Telyukova
Keyword(s):  
Home Equity

Home Equity Lines of Credit and the Unemployment Rate – What Does the Evidence Say?

2012 ◽  
Author(s):  
John Phillip Lajaunie ◽  
Norbert J. Michel ◽  
Shari Lawrence ◽  
Ronnie Fanguy
Keyword(s):  
Unemployment Rate ◽  
Home Equity ◽  
Lines Of Credit

Hedging Home Equity Risk: Examination of a Nobel Idea

2020 ◽  
Author(s):  
Dag Einar Sommervoll ◽  
Steve M. Swidler
Keyword(s):  
Home Equity ◽  
Equity Risk

Home Equity and Labor Income: The Role of Constrained Mobility

2020 ◽  
Author(s):  
Radhakrishnan Gopalan ◽  
Barton Hamilton ◽  
Ankit Kalda ◽  
David Sovich
Keyword(s):  
Law Enforcement ◽  
Labor Income ◽  
Detailed Data ◽  
Job Tenure ◽  
Home Equity ◽  
Employment Opportunities ◽  
Nonlinear Relation ◽  
Local Employment

Abstract Using detailed data for U.S. homeowners, we document a negative, nonlinear relation between the loan-to-value ratio (LTV) of homeowners' primary residence and their labor income. Consistent with high LTV individuals experiencing constrained mobility, we find stronger effects among subprime, liquidity-constrained individuals and those living in regions with limited alternative local employment opportunities and strict noncompete law enforcement. Though high LTV individuals are less likely to move across MSAs, they are more likely to change jobs without changing their residence. We find no effects among similar neighboring renters employed at the same firm and with a similar job tenure.

A Hybrid Equity Release Plan for Retirement Financing

2020 ◽  
Vol 0 (0) ◽  
Author(s):  
Koon-Shing Kwong ◽  
Yiu-Kuen Tse ◽  
Junxing Chay
Keyword(s):  
Property Value ◽  
Front Part ◽  
Home Equity ◽  
Reverse Mortgage ◽  
Home Owner ◽  
Cash Payment ◽  
The Government

AbstractThere are two main equity release plans for retirement financing: reverse mortgage plan and home reversion plan. Both plans entitle the homeowners not only to release cash from their properties but also to allow them living there for life. In the lease buyback scheme (LBS) recently introduced in Singapore, the home owner sells the tail-end of the property lease to the government in exchange for a cash payment upfront. Unlike the two main equity release plans, the LBS only allows the owner to stay in the property for the front part of the lease but not for life. In this paper, we propose a hybrid home equity release plan that incorporates features of the home reversion plan and the LBS. We provide an actuarial framework to analyze the pricing of the hybrid plan, as well as the LBS and home reversion plan. Some numerical illustrations are presented to show the actuarial values of the plan under different choices of plan parameters, such as the lease period and the portion of property value sold. The hybrid plan provides enhanced flexibility to plan takers to meet their retirement needs.

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