Institutional disparities in the pricing
โ
Andrea Jane Heuson
๐
Article
๐
1989
๐
Springer US
๐
English
โ 953 KB
In recent years, commercial banks and savings and loan associations in South Florida have consistently offered initial adjustment period "teasers," or subsidies, on their adjustable rate mortgage loans (ARMs). This study adopts the size of the initial subsidy as a proxy for a lender's willingness to