出版社：International Medical Journal Management and Indexing System
摘要：The crisis in the mortgage credit market along with its repercussions in the financial system and in the real economy led us to question how credit institutions are able to analyze the issue of mortgage default. This paper aims to assess the influence of default on mortgage in Portugal as well as the variables related to defaulters' social and economic features and their loan capacity. ln order to do this, an ordered probit model is estimated using a dataset of Portuguese households. The econometric results of this model indicate that loan capacity related variables (number of banking loans, financial effort rate and the ratio between loan amount and guarantee or real estate value) influence the ranking default probability. Furthermore, regarding the social and economic variables, only the dummies, such as marital status and place of residence, and the quantitative ones, such as family size and monthly income, became relevant.
