The Valuation of Mortgage Loan Commitments Using Option Pricing Estimates

George W. Kutner () and James A. Seifert ()
Additional contact information
George W. Kutner: Department of Finance College of Business Administration Marquette University Milwaukee, Wisconsin 53233, http://www.busadm.mu.edu/finance/
James A. Seifert: Department of Finance College of Business Administration Marquette University Milwaukee, Wisconsin 53233, http://www.busadm.mu.edu/finance/

Journal of Real Estate Research, 1989, vol. 4, issue 2, 13-20

Abstract: This paper values mortgage loan commitments in the context of the option pricing theory developed by Black and Scholes, and Merton. A valuation model is derived and empirical results are presented.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1989
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://pages.jh.edu/jrer/papers/pdf/past/vol04n02/v04p013.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jre:issued:v:4:n:2:1989:p:12-20

Ordering information: This journal article can be ordered from
Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323
http://pages.jh.edu/jrer/about/get.htm

Access Statistics for this article

Journal of Real Estate Research is currently edited by Dr. Ko Wang

More articles in Journal of Real Estate Research from American Real Estate Society American Real Estate Society Clemson University School of Business & Behavioral Science Department of Finance 401 Sirrine Hall Clemson, SC 29634-1323.
Bibliographic data for series maintained by JRER Graduate Assistant/Webmaster ().