Impacts of the borrower's attributes, loan contract contents, and collateral characteristics on mortgage loan default

Tyrone Lin (), Chia-Chi Lee and Chun-Hung Chen

The Service Industries Journal, 2009, vol. 31, issue 9, 1385-1404

Abstract: This paper explores the factors influencing mortgage loan default and default probability by using the data from the mortgage loans of a case financial institution. The results indicate that the borrower's gender, the borrower's job position, whether the regional codes of the borrower's present residence and registered permanent residence are the same, the degree of relationship between the borrower and the guarantor, the loan-to-value ratio, the use status of collateral, and the located region of collateral are significantly positively correlated with the default probability. However, the education degree and the loan amount are significantly negatively correlated with the default probability.

Date: 2009
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DOI: 10.1080/02642060903437535

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The Service Industries Journal is currently edited by Eileen Bridges, Professor Domingo Ribeiro, Ronald Goldsmith, Barry Howcroft and Youjae Yi

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