𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Mortgage Terminations, Heterogeneity and the Exercise of Mortgage Options

✍ Scribed by Yongheng Deng; John M. Quigley; Robert Van Order

Book ID
108555960
Publisher
John Wiley and Sons
Year
2000
Tongue
English
Weight
271 KB
Volume
68
Category
Article
ISSN
0012-9682

No coin nor oath required. For personal study only.

πŸ“œ SIMILAR VOLUMES

The value of mortgage prepayment and def
The value of mortgage prepayment and default options
✍ Yong Chen; Michael Connolly; Wenjin Tang; Tie Su πŸ“‚ Article πŸ“… 2009 πŸ› John Wiley and Sons 🌐 English βš– 269 KB

## 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