Estimating Borrower Mobility from Observed Prepayments

This article describes a method used to estimate parameters describing the mobility of borrowers choosing fixed‐rate mortgages. Using a mortgage valuation model that predicts prepayments contingent upon parameters describing the distribution of expected tenure in the home, the average mobility of bo...

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Veröffentlicht in:	Real estate economics 1997-09, Vol.25 (3), p.347-371
1. Verfasser:	Harding, John P.
Format:	Artikel
Sprache:	eng
Schlagworte:	Adjustable rate mortgages ARM Costs Dwellings Economic aspects Finance Fixed rate mortgages Fixed rates Generalized method of moments Housing Interest rates Loans Mobility Mortgage rates Mortgage-backed securities Mortgages Partial differential equations Prepayments Real estate financing Statistical analysis Studies Valuation Variables
Online-Zugang:	Volltext
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