Default and Prepayment Risk in Residential Mortgage Loans: A Review and Synthesis

Michael LaCour-Little

Chapter Chapter 15 in Household Credit Usage, 2007, pp 253-266 from Palgrave Macmillan

Abstract: Abstract How long will payments under a residential mortgage loan continue? This question is central to pricing mortgages and mortgage-backed securities, now one of the largest sectors of the bond market. In this chapter, I review the research, identify major themes, and attempt a synthesis: what do we know and what do we not know?

Keywords: Real Estate; House Price; Mortgage Loan; Home Equity; Mortgage Default (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-60891-7_15

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DOI: 10.1057/9780230608917_15

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