Economics, Econometrics and Finance
4 years ago

High Home Mortgage Default Probability Threatens Housing Availability in Indonesia.

The Determinants of Home Mortgage Default Probability: The Effect of Loan and Borrower’s Characteristics
Y. Rachmansyah, Rafiu Adewale Aregbeshola, Harijono Harijono, Ricky Yulianto Prabowo

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The study looked at why some people struggle to pay their home mortgages in Indonesia. The researchers found that certain characteristics of the loan and the borrower can affect the likelihood of defaulting on the mortgage. This is important because housing is a basic need, but there is a big gap between the demand for homes and the available supply.