This research empirically investigates the relative optimality of several different methods of making refinancing decisions on residential mortgages. The results indicate that a simple rule of refinancing whenever the mortgage rate has dropped 1% was approximately as effective as application of an option pricing model in minimizing the cost of financing over the 1980–2007 interva
ABSTRACT The study was an examination of prepayment and default of subprime mortgages in Cleveland, ...
We build an empirical model to attribute delays in mortgage refinancing to psychological costs inhib...
Lender losses on mortgage loans arise from a two-stage process. In the first stage, the borrower sto...
This research empirically investigates the relative optimality of several different methods of makin...
This research empirically investigates the relative optimality of several different methods of makin...
Abstract: We derive the first closed-form optimal refinancing rule: Refinance when the current mortg...
This article examines the choice of borrowers to extract wealth from housing in the high-cost (subpr...
This article examines the choice of borrowers to extract wealth from housing in the high-cost (subpr...
This paper examines the choice of borrowers to extract wealth from housing in the high-cost (subprim...
We study the optimal recursive refinancing problem where a borrower minimizes his lifetime mortgage ...
The purpose of this study is to determine the likely impact of market interest rates on the choice o...
Homebuyers and commercial real estate buyers who borrow funds using mortgages all must face the choi...
In our study we examine what portion of variable interest rate mortgages can be profitably and reali...
This work studies optimal refinancing strategy for the debtors on the view of balancing the profit a...
We hypothesize that the intrinsic benefit required to trigger a refinancing has become smaller due t...
ABSTRACT The study was an examination of prepayment and default of subprime mortgages in Cleveland, ...
We build an empirical model to attribute delays in mortgage refinancing to psychological costs inhib...
Lender losses on mortgage loans arise from a two-stage process. In the first stage, the borrower sto...
This research empirically investigates the relative optimality of several different methods of makin...
This research empirically investigates the relative optimality of several different methods of makin...
Abstract: We derive the first closed-form optimal refinancing rule: Refinance when the current mortg...
This article examines the choice of borrowers to extract wealth from housing in the high-cost (subpr...
This article examines the choice of borrowers to extract wealth from housing in the high-cost (subpr...
This paper examines the choice of borrowers to extract wealth from housing in the high-cost (subprim...
We study the optimal recursive refinancing problem where a borrower minimizes his lifetime mortgage ...
The purpose of this study is to determine the likely impact of market interest rates on the choice o...
Homebuyers and commercial real estate buyers who borrow funds using mortgages all must face the choi...
In our study we examine what portion of variable interest rate mortgages can be profitably and reali...
This work studies optimal refinancing strategy for the debtors on the view of balancing the profit a...
We hypothesize that the intrinsic benefit required to trigger a refinancing has become smaller due t...
ABSTRACT The study was an examination of prepayment and default of subprime mortgages in Cleveland, ...
We build an empirical model to attribute delays in mortgage refinancing to psychological costs inhib...
Lender losses on mortgage loans arise from a two-stage process. In the first stage, the borrower sto...