Mortgage Termination at AgChoice Farm Credit

Jonathan B. Dressler and Jeffrey Stokes

No 133077, 2006 Agricultural and Rural Finance Markets in Transition, October 2-3, 2006, Washington, DC from Regional Research Committee NC-1014: Agricultural and Rural Finance Markets in Transition

Abstract: Mortgage termination is important when considering risk management at financial institutions and can generally be of two types: default and prepayment. Data consisting of 1,060 fixed rate mortgages collateralized by farm real estate to dairy producers made by AgChoice ACA from January 1, 2001 through June 30, 2006 were utilized to estimate survival and hazard functions for the mortgages. These functions are important components of a competing risks modeling approach to estimating the drivers of mortgage termination.

Keywords: Agricultural; Finance (search for similar items in EconPapers)
Pages: 15
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nc2006:133077

DOI: 10.22004/ag.econ.133077

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