## Abstract We use an implicit alternating direction numerical procedure to estimate the value of a fixed‐rate mortgage (FRM) with embedded default and prepayment options. The value of FRMs depends on interest rates, the house value, and mortgage maturity. Our numerical results suggest that the joi
✦ LIBER ✦
Housing Price Dynamics and the Valuation of Mortgage Default Options*
✍ Scribed by Chiong-long Kuo†
- Book ID
- 115624053
- Publisher
- Elsevier Science
- Year
- 1996
- Tongue
- English
- Weight
- 309 KB
- Volume
- 5
- Category
- Article
- ISSN
- 1051-1377
No coin nor oath required. For personal study only.
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