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Austin Kelly

(deceased)

Personal Details

This person is deceased (Date: unknown)
First Name:Austin
Middle Name:
Last Name:Kelly
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RePEc Short-ID:pke54

Research output

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Jump to: Working papers Articles

Working papers

  1. Ken Lam & Robert Dunsky & Austin Kelly, 2013. "Impacts of Down Payment Underwriting Standards on Loan Performance," FHFA Staff Working Papers 13-03, Federal Housing Finance Agency.
  2. Steve Holden & Austin Kelly & Douglas McManus & Therese Scharlemann & Ryan Singer & John D. Worth, 2011. "The HAMP NPV Model – Development and Early Performance," FHFA Staff Working Papers 11-01, Federal Housing Finance Agency.
  3. Austin Kelly, 2007. "Zero Down Payment Mortgage Default," FHFA Staff Working Papers 07-05, Federal Housing Finance Agency.
  4. Austin Kelly, 2004. "Modeling the Credit Risk in Agricultural Mortgages: A Critical Review of the Farm Credit Administration’s Credit Risk Model for Farmer Mac," Finance 0409001, University Library of Munich, Germany.
  5. Austin Kelly, 1996. "FHA Has Achieved Its Home Mortgage Capital Reserve Target, Technical Appendix," Urban/Regional 9602001, University Library of Munich, Germany.
  6. Austin Kelly, 1994. "Capitalization of Above Market Financing - or, A Tale of 2 Condos," Urban/Regional 9412001, University Library of Munich, Germany, revised 24 Dec 1994.

Articles

  1. Steve Holden & Austin Kelly & Douglas McManus & Therese Scharlemann & Ryan Singer & John D. Worth, 2012. "The HAMP NPV Model: Development and Early Performance," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 40, pages 32-64, December.
  2. Austin Kelly, 2008. "“Skin in the Game”: Zero Downpayment Mortgage Default," Journal of Housing Research, Taylor & Francis Journals, vol. 17(2), pages 75-99, January.
  3. Kelly, Austin & Slawson, V Carlos, Jr, 2001. "Time-Varying Mortgage Prepayment Penalties," The Journal of Real Estate Finance and Economics, Springer, vol. 23(2), pages 235-254, September.
  4. Austin Kelly, 1998. "Capitalization of Above Market Financing: Condos and Co-ops," Journal of Real Estate Research, American Real Estate Society, vol. 15(2), pages 163-176.
  5. Kelly, Austin, 1995. "Racial and Ethnic Disparities in Mortgage Prepayment," Journal of Housing Economics, Elsevier, vol. 4(4), pages 350-372, December.
  6. Krumm, Ronald & Kelly, Austin, 1989. "Effects of homeownership on household savings," Journal of Urban Economics, Elsevier, vol. 26(3), pages 281-294, November.

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Kelly, Austin, 2007. "Zero down payment mortgage default," MPRA Paper 4318, University Library of Munich, Germany.

    Mentioned in:

    1. Austin Kelly finds that Zero Down Mortgages perform really badly
      by Richard K. Green in Richard's Real Estate and Urban Economics Blog on 2008-03-24 07:45:00

Working papers

  1. Ken Lam & Robert Dunsky & Austin Kelly, 2013. "Impacts of Down Payment Underwriting Standards on Loan Performance," FHFA Staff Working Papers 13-03, Federal Housing Finance Agency.

    Cited by:

    1. Morris A. Davis & William D. Larson & Stephen D. Oliner & Benjamin Smith, 2019. "Mortgage Risk Since 1990," FHFA Staff Working Papers 19-02, Federal Housing Finance Agency.
    2. Alexander N. Bogin & William M. Doerner & William D. Larson, 2016. "Missing the Mark: House Price Index Accuracy and Mortgage Credit Modeling," FHFA Staff Working Papers 16-04, Federal Housing Finance Agency.
    3. Christopher L. Foote & Paul S. Willen, 2017. "Mortgage-default research and the recent foreclosure crisis," Working Papers 17-13, Federal Reserve Bank of Boston.
    4. Fout, Hamilton & Li, Grace & Palim, Mark & Pan, Ying, 2020. "Credit risk of low income mortgages," Regional Science and Urban Economics, Elsevier, vol. 80(C).
    5. Ravn, Søren Hove, 2016. "Endogenous credit standards and aggregate fluctuations," Journal of Economic Dynamics and Control, Elsevier, vol. 69(C), pages 89-111.
    6. Saty Patrabansh, 2015. "The Marginal Effect of First-Time Homebuyer Status on Mortgage Default and Prepayment," FHFA Staff Working Papers 15-02, Federal Housing Finance Agency.
    7. James A Kahn & Benjamin S Kay, 2020. "The impact of credit risk mispricing on mortgage lending during the subprime boom," BIS Working Papers 875, Bank for International Settlements.
    8. James A. Kahn & Benjamin S. Kay, 2019. "The Impact of Credit Risk Mispricing on Mortgage Lending during the Subprime Boom," Finance and Economics Discussion Series 2019-046, Board of Governors of the Federal Reserve System (U.S.).

  2. Steve Holden & Austin Kelly & Douglas McManus & Therese Scharlemann & Ryan Singer & John D. Worth, 2011. "The HAMP NPV Model – Development and Early Performance," FHFA Staff Working Papers 11-01, Federal Housing Finance Agency.

    Cited by:

    1. Jun Zhu & Jared Janowiak & Lu Ji & Kadiri Karamon & Douglas McManus, 2015. "The Effect of Mortgage Payment Reduction on Default: Evidence from the Home Affordable Refinance Program," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 43(4), pages 1035-1054, November.
    2. Aydin, Deniz, 2021. "Forbearance, Interest Rates, and Present-Value Effects in a Randomized Debt Relief Experiment," EconStor Preprints 248467, ZBW - Leibniz Information Centre for Economics.
    3. Wayne Passmore & Shane M. Sherlund, 2016. "FHA, Fannie Mae, Freddie Mac, and the Great Recession," Finance and Economics Discussion Series 2016-031, Board of Governors of the Federal Reserve System (U.S.).
    4. W. Scott Frame, 2015. "Introduction to Special Issue: Government Involvement in Residential Mortgage Markets," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 43(4), pages 807-819, November.

  3. Austin Kelly, 2007. "Zero Down Payment Mortgage Default," FHFA Staff Working Papers 07-05, Federal Housing Finance Agency.

    Cited by:

    1. Ben-David, Itzhak, 2011. "High Leverage and Willingness to Pay: Evidence from the Residential Housing Market," Working Paper Series 2011-17, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
    2. Richard K. Green & Eric Rosenblatt & Vincent Yao, 2010. "Sunk Costs and Mortgage Default," Working Paper 9097, USC Lusk Center for Real Estate.
    3. Michael LaCour-Little & Zhenguo Lin & Wei Yu, 2020. "Assumable Financing Redux: A New Challenge for Appraisal?," The Journal of Real Estate Finance and Economics, Springer, vol. 60(1), pages 3-39, February.
    4. Ken Lam & Robert Dunsky & Austin Kelly, 2013. "Impacts of Down Payment Underwriting Standards on Loan Performance," FHFA Staff Working Papers 13-03, Federal Housing Finance Agency.
    5. Agarwal, Sumit & Green, Richard K. & Rosenblatt, Eric & Yao, Vincent, 2015. "Collateral pledge, sunk-cost fallacy and mortgage default," Journal of Financial Intermediation, Elsevier, vol. 24(4), pages 636-652.
    6. Hyeongjun Kim & Hoon Cho & Doojin Ryu, 2018. "Characteristics of Mortgage Terminations: an Analysis of a Loan-Level Dataset," The Journal of Real Estate Finance and Economics, Springer, vol. 57(4), pages 647-676, November.
    7. Xudong An & Yongheng Deng & Joseph Nichols & Anthony Sanders, 2013. "Local Traits and Securitized Commercial Mortgage Default," The Journal of Real Estate Finance and Economics, Springer, vol. 47(4), pages 787-813, November.
    8. Bree Lang & Ellen Hurst, 2014. "The Effect of Down Payment Assistance on Mortgage Choice," The Journal of Real Estate Finance and Economics, Springer, vol. 49(3), pages 329-351, October.
    9. Richard T. Carson & Samuel R. Dastrup, 2013. "After The Fall: An Ex Post Characterization Of Housing Price Declines Across Metropolitan Areas," Contemporary Economic Policy, Western Economic Association International, vol. 31(1), pages 22-43, January.
    10. Xudong An & Yongheng Deng & Eric Rosenblatt & Vincent Yao, 2012. "Model Stability and the Subprime Mortgage Crisis," The Journal of Real Estate Finance and Economics, Springer, vol. 45(3), pages 545-568, October.
    11. Saty Patrabansh, 2015. "The Marginal Effect of First-Time Homebuyer Status on Mortgage Default and Prepayment," FHFA Staff Working Papers 15-02, Federal Housing Finance Agency.
    12. Erik Hembre & Stephanie Moulton & Matthew Record, 2021. "Low‐Income Homeownership and the Role of State Subsidies: A Comparative Analysis of Mortgage Outcomes," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 40(1), pages 78-106, January.
    13. Richard K. Green & Gary Painter & Michelle J. White, 2012. "Measuring the Benefits of Homeowning: Effects on Children Redux," Working Paper 9102, USC Lusk Center for Real Estate.

Articles

  1. Steve Holden & Austin Kelly & Douglas McManus & Therese Scharlemann & Ryan Singer & John D. Worth, 2012. "The HAMP NPV Model: Development and Early Performance," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 40, pages 32-64, December.
    See citations under working paper version above.
  2. Kelly, Austin & Slawson, V Carlos, Jr, 2001. "Time-Varying Mortgage Prepayment Penalties," The Journal of Real Estate Finance and Economics, Springer, vol. 23(2), pages 235-254, September.

    Cited by:

    1. McCollum, Meagan N. & Lee, Hong & Pace, R. Kelley, 2015. "Deleveraging and mortgage curtailment," Journal of Banking & Finance, Elsevier, vol. 60(C), pages 60-75.
    2. Tsai, Ming-Shann & Liao, Szu-Lang & Chiang, Shu-Ling, 2009. "Analyzing yield, duration and convexity of mortgage loans under prepayment and default risks," Journal of Housing Economics, Elsevier, vol. 18(2), pages 92-103, June.
    3. Nicholas Sharp & Paul Johnson & David Newton & Peter Duck, 2009. "A New Prepayment Model (with Default): An Occupation-time Derivative Approach," The Journal of Real Estate Finance and Economics, Springer, vol. 39(2), pages 118-145, August.

  3. Austin Kelly, 1998. "Capitalization of Above Market Financing: Condos and Co-ops," Journal of Real Estate Research, American Real Estate Society, vol. 15(2), pages 163-176.

    Cited by:

    1. Michael H. Schill & Ioan Voicu & Jonathan Miller, 2007. "The Condominium versus Cooperative Puzzle: An Empirical Analysis of Housing in New York City," The Journal of Legal Studies, University of Chicago Press, vol. 36(2), pages 275-324, June.
    2. Silje Eretveit & Theis Theisen, 2016. "Efficiency and Justice in the Market for Cooperative Dwellings," International Real Estate Review, Global Social Science Institute, vol. 19(3), pages 297-326.
    3. Baumann, Kilian, 2022. "Der Einfluss von Anbieterstrukturen auf Mietwohnungspreise: Theoretische Überlegungen und empirischer Ansatz," Arbeitspapiere 193, University of Münster, Institute for Cooperatives.
    4. Karl Robertsen & Theis Theisen, 2011. "The Impact of Financial Arrangements and Institutional Form on Housing Prices," The Journal of Real Estate Finance and Economics, Springer, vol. 42(3), pages 371-392, April.

  4. Kelly, Austin, 1995. "Racial and Ethnic Disparities in Mortgage Prepayment," Journal of Housing Economics, Elsevier, vol. 4(4), pages 350-372, December.

    Cited by:

    1. James Kau & Donald Keenan & Henry Munneke, 2012. "Racial Discrimination and Mortgage Lending," The Journal of Real Estate Finance and Economics, Springer, vol. 45(2), pages 289-304, August.
    2. Kristopher Gerardi & Paul S. Willen & David Hao Zhang, 2020. "Mortgage Prepayment, Race, and Monetary Policy," Working Papers 20-7, Federal Reserve Bank of Boston.
    3. Lu Fang, 2020. "Mortgage Pricing Implications of Prepayment: Separating Pecuniary and Non-pecuniary Prepayment," The Journal of Real Estate Finance and Economics, Springer, vol. 60(3), pages 239-269, April.
    4. Yongheng Deng & Stuart Gabriel, 2005. "Are Underserved Borrowers Lower Risk? New Evidence on the Performance and Pricing of FHA-Insured Mortgages* (Revised)," Working Paper 8579, USC Lusk Center for Real Estate.
    5. James B. Kau & Lu Fang & Henry J. Munneke, 2019. "An Unintended Consequence of Mortgage Financing Regulation – a Racial Disparity," The Journal of Real Estate Finance and Economics, Springer, vol. 59(4), pages 549-588, November.
    6. Dawkins, Mark C., 2002. "Simultaneity bias in mortgage lending: A test of simultaneous equations models on bank-specific data," Journal of Banking & Finance, Elsevier, vol. 26(8), pages 1593-1613, August.
    7. Archer, Wayne R. & Ling, David C. & McGill, Gary A., 1997. "Demographic versus Option-Driven Mortgage Terminations," Journal of Housing Economics, Elsevier, vol. 6(2), pages 137-163, June.

  5. Krumm, Ronald & Kelly, Austin, 1989. "Effects of homeownership on household savings," Journal of Urban Economics, Elsevier, vol. 26(3), pages 281-294, November.

    Cited by:

    1. Konstantin A. Kholodilin & Sebastian Kohl & Tobias Niemeyer, 2019. "Steuerliche Instrumente der Wohneigentumsförderung," DIW Roundup: Politik im Fokus 132, DIW Berlin, German Institute for Economic Research.
    2. Isaac F. Megbolugbe & Peter D. Linneman, 1993. "Home Ownership," Urban Studies, Urban Studies Journal Limited, vol. 30(4-5), pages 659-682, May.
    3. Justo Manrique & Kalu Ojah, 2003. "The demand for housing in Spain: an endogenous switching regression analysis," Applied Economics, Taylor & Francis Journals, vol. 35(3), pages 323-336.
    4. Chu-Chia Lin & Po-Sheng Lai, 2018. "An Empirical Study on the Impact of Tenure Choice on Saving for Chinese Households," International Real Estate Review, Global Social Science Institute, vol. 21(2), pages 275-294.
    5. Tobias Schmidt & Julia Le Blanc, 2017. "Do homeowners save more? – Evidence from the Panel on Household Finances (PHF)," ERES eres2017_110, European Real Estate Society (ERES).
    6. Dongjae Jung, 2020. "Consumption Dynamics and a Home Purchase," Working Papers 2020-27, Economic Research Institute, Bank of Korea.
    7. Kelly, Austin, 2007. "Zero down payment mortgage default," MPRA Paper 4318, University Library of Munich, Germany.
    8. Jonathan Skinner, 1991. "Housing and Saving in the United States," NBER Working Papers 3874, National Bureau of Economic Research, Inc.
    9. Kate Sabatini & Christian E. Weller, 2007. "Changes in Homeowners’ Financial Security during the Recent Housing and Mortgage Boom," Working Papers wp125, Political Economy Research Institute, University of Massachusetts at Amherst.
    10. Yanbin Chen & Fangxing Li & Zhesheng Qiu, 2013. "Housing and Saving with Finance Imperfection," Annals of Economics and Finance, Society for AEF, vol. 14(1), pages 207-248, May.
    11. Alan W. Evans, 1991. "Investment Diversion and Equity Release: The Macroeconomic Consequences of Increasing Property Values?," Urban Studies, Urban Studies Journal Limited, vol. 28(2), pages 173-182, April.
    12. Donald R. Haurin & Patric H. Hendershott & Dongwook Kim, 1990. "Tenure Choice of American Youth," NBER Working Papers 3310, National Bureau of Economic Research, Inc.
    13. Mathieu R. Despard & Terri Friedline & Stacia Martin-West, 2020. "Why Do Households Lack Emergency Savings? The Role of Financial Capability," Journal of Family and Economic Issues, Springer, vol. 41(3), pages 542-557, September.
    14. Alik-Lagrange, Arthur & Schmidt, Tobias, 2015. "The pattern of home ownership across cohorts and its impact on the net wealth distribution: Empirical evidence from Germany and the US," Discussion Papers 11/2015, Deutsche Bundesbank.

More information

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Statistics

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Co-authorship network on CollEc

NEP Fields

NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 3 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.
  1. NEP-URE: Urban and Real Estate Economics (2) 2007-08-08 2011-07-13
  2. NEP-FIN: Finance (1) 2004-09-05
  3. NEP-RMG: Risk Management (1) 2004-09-05

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