Spatial Heterogeneity in Mortgage Terminations by Refinance, Sale and Default

This article investigates the impact of spatially correlated unobservable variables on the refinancing, selling and default decisions of mortgage borrowers. Virtually the entire mortgage literature acknowledges that borrower‐specific characteristics, such as culture, education or access to informati...

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Veröffentlicht in:	Real estate economics 2005-12, Vol.33 (4), p.739-764
Hauptverfasser:	Deng, Yongheng, Pavlov, Andrey D., Yang, Lihong
Format:	Artikel
Sprache:	eng
Schlagworte:	Forecasts and trends Industry forecasts Mortgage backed securities Mortgage banks Mortgages Neighborhoods Prices and rates Real estate Real estate financing Refinancing Stochastic models Studies Variables
Online-Zugang:	Volltext
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