Withdrawal of home equity as collateral to obtain cash to either pay down their debt or spend on additional goods. This occurs when home values have risen above the mortgage debt value, and is considered a risky move due to the fact that they now have more debt than there is value of the home.
Related information about mortgage equity withdrawal (MEW):
- Mortgage equity withdrawal - Wikipedia, the free encyclopedia
In economics, mortgage equity withdrawal (MEW) is the decision of consumers to borrow money against the real value of their houses. The real value is the ...
- Mortgage Equity Withdrawal (MEW) Definition | Investopedia
The removal of equity from the value of a home through the use of a loan against the market value of the property. A mortgage equity withdrawal (MEW) reduces ...
- Calculated Risk: MEW, Consumption and Personal Saving Rate
May 13, 2009 ... Here is a new paper on Mortgage Equity Withdrawal (MEW): House Prices, Home Equity-Based Borrowing, and the U.S. Household Leverage ...
- Calculated Risk: Mortgage Equity Withdrawal update
May 2, 2012 ... Note: This is not Mortgage Equity Withdrawal (MEW) data from the Fed. The last MEW data from Fed economist Dr. Kennedy was for Q4 2008.
- Mortgage Equity Withdrawal (MEW)
Oct 14, 2008 ... This article is part of WikiProject Definitions. Consider editing to improve it. View articles referencing this definition. Mortgage Equity...
- Mortgage Equity Withdrawal (MEW) - InvestingAnswers
We explain the definition of Mortgage Equity Withdrawal (MEW), provide a clear example of how it works and explain why it's an important concept in business, ...
- What is mortgage equity withdrawal (MEW)? definition and meaning
Definition of mortgage equity withdrawal (MEW): Withdrawal of home equity as collateral to obtain cash to either pay down their debt or spend on additional ...
- Tutor2u - mortgage equity withdrawal
The Bank of England's estimate of mortgage equity withdrawal (MEW) is intended to measure that part of consumer borrowing from mortgage lenders that is not ...