Woodhead Behavior and the Pricing of Residential Mortgages
Preprint
- 1 January 2001
- preprint
- Published by Elsevier in SSRN Electronic Journal
Abstract
Mortgage terminations arise because borrowers exercise options. This paper investigates the non-optimal and apparently irrational behavior of those borrowers whKeywords
All Related Versions
This publication has 24 references indexed in Scilit:
- Adverse selection in mortgage securitizationJournal of Financial Economics, 2012
- Asymmetric information, adverse selection, and the pricing of CMBS☆Journal of Financial Economics, 2011
- Specification Analysis of Affine Term Structure ModelsThe Journal of Finance, 2000
- Embedded Options in the Mortgage ContractThe Journal of Real Estate Finance and Economics, 2000
- The effect of income and collateral constraints on residential mortgage terminationsPublished by Elsevier ,1999
- A Model of Investor SentimentPublished by National Bureau of Economic Research ,1997
- A Simple Approach to Three-Factor Affine Term Structure ModelsThe Journal of Fixed Income, 1996
- Residuals for Relative Risk RegressionBiometrika, 1988
- Prices of Single Family Homes Since 1970: New Indexes for Four CitiesPublished by National Bureau of Economic Research ,1987
- Regression Models and Life-TablesJournal of the Royal Statistical Society Series B: Statistical Methodology, 1972