Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Download Mortgage Choice And The Pricing Of Fixed Rate And Adjustable Rate Mortgages full books in PDF, epub, and Kindle. Read online Mortgage Choice And The Pricing Of Fixed Rate And Adjustable Rate Mortgages ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Author : John Krainer
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (91 download)
Download or read book Mortgage Choice and the Pricing of Fixed-Rate and Adjustable-Rate Mortgages written by John Krainer and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Hsiu-Wen Wu
Publisher :
ISBN 13 :
Total Pages : 386 pages
Book Rating : 4.E/5 ( download)
Download or read book Consumer Mortgage Choice Between Fixed-rate Mortgages and Adjustable-rate Mortgages written by Hsiu-Wen Wu and published by . This book was released on 1992 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mark Christopher Lino
Publisher :
ISBN 13 :
Total Pages : 232 pages
Book Rating : 4.E/5 ( download)
Download or read book Factors Affecting Borrower Choice Between the Fixed and Adjustable Rate Mortgages written by Mark Christopher Lino and published by . This book was released on 1987 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Hsiu-Wen Wu
Publisher :
ISBN 13 :
Total Pages : 764 pages
Book Rating : 4.E/5 ( download)
Download or read book Housing Financing Behavior written by Hsiu-Wen Wu and published by . This book was released on 1997 with total page 764 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ralph S. J. Koijen
Publisher :
ISBN 13 :
Total Pages : 67 pages
Book Rating : 4.:/5 (129 download)
Download or read book Mortgage Timing written by Ralph S. J. Koijen and published by . This book was released on 2015 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study how the term structure of interest rates relates to mortgage choice, both at the household and the aggregate level. A simple utility framework of mortgage choice points to the long-term bond risk premium as theoretical determinant: when the bond risk premium is high, fixed-rate mortgage payments are high, making adjustable-rate mortgages more attractive. This long-term bond risk premium is markedly different from other term structure variables that have been proposed, including the yield spread and the long yield. We confirm empirically that the bulk of the time variation in both aggregate and loan-level mortgage choice can be explained by time variation in the bond risk premium. This is true whether bond risk premia are measured using forecasters' data, a VAR term structure model, or from a simple household decision rule based on adaptive expectations. This simple rule moves in lock-step with mortgage choice, lending credibility to a theory of strategic mortgage timing by households.
Author : Barry Leonard
Publisher : DIANE Publishing
ISBN 13 : 9781422317532
Total Pages : 42 pages
Book Rating : 4.3/5 (175 download)
Download or read book Consumer Handbook on Adjustable-Rate Mortgages written by Barry Leonard and published by DIANE Publishing. This book was released on 2007-10 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Adjustable-rate mortgages (ARMs) are loans with interest rates that change. ARMs may start with lower monthly payments than fixed-rate mortgages, but your monthly payments could change & go up -- sometimes by a lot; they may not go down much, or at all -- even if interest rates go down; you could end up owing more money than you borrowed; & if you want to pay off your ARM early to avoid higher payments, you might have to pay a penalty. The handbook explains how ARMs work & discusses some of the issues that borrowers may face. It includes ways to reduce the risks & gives some pointers about advertising & other ways you can get info. from lenders. This handbook can help you ask the right questions & figure out whether an ARM is right for you. Illus.
Author : Cristian Badarinza
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (89 download)
Download or read book What Calls to ARMs? written by Cristian Badarinza and published by . This book was released on 2014 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The relative popularity of adjustable-rate mortgages (ARMs) and fixed-rate mortgages (FRMs) varies considerably both across countries and over time. We ask how movements in current and expected future interest rates affect the share of ARMs in total mortgage issuance. Using a nine-country panel and instrumental variables methods, we present evidence that near-term (one-year) rational expectations of future movements in ARM rates do affect mortgage choice, particularly in more recent data since 2001. However longer-term (three-year) rational forecasts of ARM rates have a weaker effect, and the current spread between FRM and ARM rates also matters, suggesting that households are concerned with current interest costs as well as with lifetime cost minimization. These conclusions are robust to alternative (adaptive and survey-based) models of household expectations.
Author : Gene Amromin
Publisher : DIANE Publishing
ISBN 13 : 1437987850
Total Pages : 57 pages
Book Rating : 4.4/5 (379 download)
Download or read book Complex Mortgages (CM) written by Gene Amromin and published by DIANE Publishing. This book was released on 2011 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: CM became a popular borrowing instrument during the bullish housing market of the early 2000s but vanished rapidly during the subsequent downturn. These non-traditional loans (interest only, negative amortization, and teaser mortgages) enable households to postpone loan repayment compared to traditional mortgages and hence relax borrowing constraints. But, they increase household leverage and heighten dependence on mortgage refinancing. CM were chosen by prime borrowers with high income levels seeking to purchase expensive houses relative to their incomes. Borrowers with CM experience substantially higher ex post default rates than borrowers with traditional mortgages with similar characteristics. Illus. This is a print on demand report.
Author : William K. Templeton
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)
Download or read book A Simulation Approach to the Choice between Fixed and Adjustable Rate Mortgages written by William K. Templeton and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Mortgage borrowers appear to have a difficult time evaluating the costs and risks associated with the choice between a fixed rate mortgage and an adjustable rate mortgage (ARM). This study uses a simulation approach to model the choice. We represent the risk of the ARM with distributions of present value cost differentials for a variety of mortgage life periods. We provide insight on the financial planning aspect by modeling the impact of mortgage rate changes on the size of payments for ARMs. Simulation can yield non-intuitive results that may lead to better decision making by borrowers.
Author : John Y. Campbell
Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.:/5 (129 download)
Download or read book Household Risk Management and Optimal Mortgage Choice written by John Y. Campbell and published by . This book was released on 2008 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Home mortgages are the most significant financial contract for many households. The form of this contract is correspondingly important. This paper studies the choice between fixed-rate (FRM) and adjustable-rate (ARM) mortgages. In an environment with uncertain inflation, nominal FRMs have risky real capital value whereas ARMs have safe capital value. However ARMs can greatly increase the short-term variability of required real interest payments. This is a serious disadvantage of ARMs for households who face borrowing constraints and have only a small buffer stock of financial assets. The paper uses numerical methods to solve a life-cycle model with risky labor income and borrowing constraints, under alternative assumptions about available mortgage contracts. Households with large mortgages, risky labor income, high risk aversion, and a low probability of moving are more likely to prefer nominal FRMs. The paper also considers inflation-indexed FRMs. These mortgages remove the wealth risk of nominal FRMs without incurring the income risk of ARMs, and therefore are a superior vehicle for household risk management. The paper finds that the welfare gains of mortgage indexation can be very large.
Author : Price Waterhouse (Firm)
Publisher :
ISBN 13 :
Total Pages : 120 pages
Book Rating : 4.:/5 (318 download)
Download or read book Fixed Rate Mortgages and Adjustable Rate Mortgages written by Price Waterhouse (Firm) and published by . This book was released on 1990 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : David Peter Rubinstein
Publisher :
ISBN 13 :
Total Pages : 730 pages
Book Rating : 4.:/5 (33 download)
Download or read book Adjustable Rate Mortgage Pricing written by David Peter Rubinstein and published by . This book was released on 1990 with total page 730 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Irina Paley
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Gender and Mortgage Choice written by Irina Paley and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the effect of gender in a new financial behavior context: the choice of a mortgage. While adjustable rate mortgages are initially cheaper, they expose the borrower to interest rate risk. Using national lender data, we find that propensity to apply for an adjustable rate mortgage among higher income applicants is 2.6-10 percentage points, or 10-50%, lower for women. Results are robust to inclusion of education and financial determinants of mortgage choice. We also find that among ARM applicants, women show propensity for contracts with longer initial fixed rate period. Results are consistent with past findings of females being more risk averse than males, as well as financial literacy increasing with income and wealth.
Author : John Patrick Harding
Publisher :
ISBN 13 :
Total Pages : 414 pages
Book Rating : 4.:/5 (33 download)
Download or read book Rational Mortgage Valuation Using Optimal Refinancing Strategies and Heterogeneous Borrowers written by John Patrick Harding and published by . This book was released on 1994 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jack P. Friedman
Publisher : Barrons Educational Series
ISBN 13 : 9780764124549
Total Pages : 308 pages
Book Rating : 4.1/5 (245 download)
Download or read book Adjustable Rate Mortgages written by Jack P. Friedman and published by Barrons Educational Series. This book was released on 2004-08-01 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Revised and updated with rates that reflect today’s real estate mortgage market, this pocket-size handbook presents quick-reference number charts that eliminate the need for calculation. As such, its tables are time-savers for business students, loan officers, and buyers seeking an adjustable rate mortgage. The tables are as follows: Monthly Payments, Payment Adjustments Resulting from Interest Rate Adjustments, Borrower’s Worst Case Annual Percentage Rates, Borrowers Worst Case Monthly Payments, Annual Percentage Rates for First Year, Value of Below-Market Initial Rate, Annual Loan Balance Reduction, and Worst Case Annual Percentage Rate for Convertible Adjustable Rate Mortgages.
Author : Brahima Coulibaly
Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.E/5 ( download)
Download or read book Choice of Mortgage Contracts written by Brahima Coulibaly and published by . This book was released on 2007 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Publisher :
ISBN 13 :
Total Pages : 430 pages
Book Rating : 4.3/5 ( download)
Download or read book News written by and published by . This book was released on 1983-10 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt:
