Adjustable and Fixed Rate Mortgage Termination, Option Values and Local Market Conditions

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Adjustable and Fixed Rate Mortgage Termination, Option Values and Local Market Conditions by : James Vanderhoff

Download or read book Adjustable and Fixed Rate Mortgage Termination, Option Values and Local Market Conditions written by James Vanderhoff and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the probabilities of prepayment or default for Fixed Rate Mortgages (FRMs) and Adjustable Rate Mortgages (ARMs). Using data from the period 1985-1992, the analysis indicates that the likelihood of prepayment of thirty year FRMs was determined primarily by house price appreciation and personal income growth and the likelihood of prepayment of fifteen year FRMs determined primarily by interest rate changes. ARMs were prepaid less frequently than FRMs, were less likely to be prepaid when interest rates declined and defaulted more often than FRMs. The analysis provides evidence that ARM holders are less mobile than FRM holders.

The Probability of Fixed and Adjustable Rate Mortgage Termination

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis The Probability of Fixed and Adjustable Rate Mortgage Termination by : Richard Phillips

Download or read book The Probability of Fixed and Adjustable Rate Mortgage Termination written by Richard Phillips and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes mortgage terminations using a national individual loan data set for the 1986 to 1992 period. The standard option choice-theoretic framework is supplemented with variables to proxy for non-option related termination determinants. Separate multinomial logit models are estimated for three mortgage types: 30 year FRMs, 15 year FRMs, and 30 year ARMs. The results indicate substantial differences in the response of the mortgage types to variables included in the model. FRM15 prepayments are the most responsive to prepayment option values; FRM30 prepayments are less responsive to option values and are driven by local area housing market and economic conditions; ARM prepayment rates are higher but default rates are lower relative to the FRMs. A noteworthy finding is that teaser discounts reduce the likelihood of ARM defaults.

Advances in Education and Management

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Publisher : Springer Science & Business Media
ISBN 13 : 364223061X
Total Pages : 639 pages
Book Rating : 4.6/5 (422 download)

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Book Synopsis Advances in Education and Management by : Mark Zhou

Download or read book Advances in Education and Management written by Mark Zhou and published by Springer Science & Business Media. This book was released on 2011-07-22 with total page 639 pages. Available in PDF, EPUB and Kindle. Book excerpt: This four-volume-set (CCIS 208, 209, 210, 211) constitutes the refereed proceedings of the International Symposium on Applied Economics, Business and Development, ISAEBD 2011, held in Dalian, China, in August 2011. The papers address issues related to Applied Economics, Business and Development and cover various research areas including Economics, Management, Education and its Applications.

Federal Register

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ISBN 13 :
Total Pages : 516 pages
Book Rating : 4.3/5 (121 download)

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Book Synopsis Federal Register by :

Download or read book Federal Register written by and published by . This book was released on 2012-09 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Federal Register

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ISBN 13 :
Total Pages : 1212 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Federal Register by :

Download or read book Federal Register written by and published by . This book was released on 1981-03-23 with total page 1212 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Journal of Economic Literature

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ISBN 13 :
Total Pages : 1178 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Journal of Economic Literature by :

Download or read book Journal of Economic Literature written by and published by . This book was released on 1997 with total page 1178 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Challenge Magazine

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ISBN 13 :
Total Pages : 780 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Challenge Magazine by :

Download or read book Challenge Magazine written by and published by . This book was released on 2007 with total page 780 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Adjustable Rate Mortgages

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ISBN 13 :
Total Pages : 684 pages
Book Rating : 4.3/5 (121 download)

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Book Synopsis Adjustable Rate Mortgages by : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Financial Institutions Supervision, Regulation and Insurance

Download or read book Adjustable Rate Mortgages written by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Financial Institutions Supervision, Regulation and Insurance and published by . This book was released on 1982 with total page 684 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Index of Economic Articles in Journals and Collective Volumes

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ISBN 13 :
Total Pages : 1452 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Index of Economic Articles in Journals and Collective Volumes by :

Download or read book Index of Economic Articles in Journals and Collective Volumes written by and published by . This book was released on 2003 with total page 1452 pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Convergence of Capital Measurement and Capital Standards

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Publisher : Lulu.com
ISBN 13 : 9291316695
Total Pages : 294 pages
Book Rating : 4.2/5 (913 download)

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Book Synopsis International Convergence of Capital Measurement and Capital Standards by :

Download or read book International Convergence of Capital Measurement and Capital Standards written by and published by Lulu.com. This book was released on 2004 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Index of Economic Articles in Journals and Collective Volumes

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ISBN 13 :
Total Pages : 1452 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Index of Economic Articles in Journals and Collective Volumes by : American Economic Association

Download or read book Index of Economic Articles in Journals and Collective Volumes written by American Economic Association and published by . This book was released on 2003 with total page 1452 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Mortgage Default and Mortgage Valuation

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Publisher : DIANE Publishing
ISBN 13 : 143793384X
Total Pages : 45 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis Mortgage Default and Mortgage Valuation by : John Krainer

Download or read book Mortgage Default and Mortgage Valuation written by John Krainer and published by DIANE Publishing. This book was released on 2010-10 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors develop an equilibrium valuation model that incorporates optimal default to show how mortgage yields and lender recovery rates on defaulted mortgages depend on initial loan-to-value (LTV) ratios. The analysis treats both the frictionless case and the case in which borrowers and lenders incur deadweight costs upon default. The model is calibrated using data on California mortgages. Given reasonable parameter values, the model does a surprisingly good job fitting the risk premium in the data for high LTV mortgages. Thus, from an ex ante perspective, the authors do not find strong evidence of systematic underpricing of default risk in the run-up to the housing market crisis. Charts and tables.

Federal Role in Conventional Home Financing

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ISBN 13 :
Total Pages : 224 pages
Book Rating : 4.:/5 (327 download)

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Book Synopsis Federal Role in Conventional Home Financing by : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Housing and Urban Affairs

Download or read book Federal Role in Conventional Home Financing written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Housing and Urban Affairs and published by . This book was released on 1981 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Introduction to Mortgages and Mortgage Backed Securities

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Publisher : Academic Press
ISBN 13 : 0124045936
Total Pages : 249 pages
Book Rating : 4.1/5 (24 download)

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Book Synopsis Introduction to Mortgages and Mortgage Backed Securities by : Richard K. Green

Download or read book Introduction to Mortgages and Mortgage Backed Securities written by Richard K. Green and published by Academic Press. This book was released on 2013-11-21 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Introduction to Mortgages & Mortgage Backed Securities, author Richard Green combines current practices in real estate capital markets with financial theory so readers can make intelligent business decisions. After a behavioral economics chapter on the nature of real estate decisions, he explores mortgage products, processes, derivatives, and international practices. By focusing on debt, his book presents a different view of the mortgage market than is commonly available, and his primer on fixed-income tools and concepts ensures that readers understand the rich content he covers. Including commercial and residential real estate, this book explains how the markets work, why they collapsed in 2008, and what countries are doing to protect themselves from future bubbles. Green's expertise illuminates both the fundamentals of mortgage analysis and the international paradigms of products, models, and regulatory environments. Written for buyers of real estate, not mortgage lenders Balances theory with increasingly complex practices of commercial and residential mortgage lending Emphasizes international practices, changes caused by the 2008-11 financial crisis, and the behavioral aspects of mortgage decision making

Bibliographie der Wirtschaftswissenschaften

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Publisher :
ISBN 13 :
Total Pages : 1046 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Bibliographie der Wirtschaftswissenschaften by :

Download or read book Bibliographie der Wirtschaftswissenschaften written by and published by . This book was released on 1997 with total page 1046 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Bibliographie der Staats-und Wirtschaftswissenschaften

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ISBN 13 :
Total Pages : 1016 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Bibliographie der Staats-und Wirtschaftswissenschaften by :

Download or read book Bibliographie der Staats-und Wirtschaftswissenschaften written by and published by . This book was released on 1997 with total page 1016 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Loan Portfolio Management

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ISBN 13 :
Total Pages : 114 pages
Book Rating : 4.3/5 (512 download)

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Book Synopsis Loan Portfolio Management by :

Download or read book Loan Portfolio Management written by and published by . This book was released on 1988 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: