Mortgage default in local markets

Real Estate Economics

Volumn 25, Issue 4, 1997, Pages 631-655

  Capozza, Dennis R ^a   Kazarian, Dick ^b   Thomson, Thomas A ^c  

^a UNIVERSITY OF MICHIGAN   (United States)

^b LEHMAN BROTHERS   (United States)

^c UNIVERSITY OF TEXAS AT SAN ANTONIO   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0031316754     PISSN: 10808620     EISSN: None     Source Type: Journal    
DOI: 10.1111/1540-6229.00731     Document Type: Article

References (19)

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3. Capozza, D.R., D. Kazarian and T.A. Thomson. 1996. The Conditional Probability of Default. Working paper. University of Michigan Business School: Ann Arbor, MI.
4. Clauretie, T.M. 1987. The Impact of Interstate Foreclosure Cost Difference and the Value of Mortgages on Default Rates. Journal of the American Real Estate and Urban Economics Association 15(3): 152-167.
5. Findlay, M.C. and D.R. Capozza. 1977. The Variable Rate Mortgage and Risk in the Mortgage Market. Journal of Money, Credit, and Banking 9(2): 356-364.
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10. Kau, J.B., D.C. Keenan and T. Kim. 1993. Transaction Costs, Suboptimal Termination and Default Probabilities. Journal of the American Real Estate and Urban Economics Association 19(3): 247-263.
11. _. 1994. Default Probabilities for Mortgages. Journal of Urban Economics 35(3): 278-296.
12. Lekkas, V., J. Quigley and R. Van Order. 1993. Loan Loss Severity and Optimal Mortgage Default. Journal of the American Real Estate and Urban Economics Association 21(4): 353-371.
13. Maddala, G.S. 1988. Introduction to Econometrics. MacMillan Publishing Company: New York, NY.
14. Quigley, J.M., R. Van Order and Y. Deng. 1994. The Competing Risks for Mortgage Termination by Default and Prepayment. A Minimum Distance Estimator. Presented at the NBER Summer Institute: Cambridge, MA.
15. Quigley, J.M. and R. Van Order. 1995. Explicit Tests of Contingent Claims Models of Mortgage Default. The Journal of Real Estate Finance and Economics 11(2): 99-117.
16. SAS Institute Inc. 1989. SAS/STAT User's Guide, Version 6, Fourth edition, Volume 2. SAS Institute Inc., Cary, NC.
17. Thomson, T.A. 1994. A Metropolitan Analysis of Mortgage Loan Defaults. (Abstract.) Journal of Finance 49(3): 1097-1098.
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19. von Furstenberg, G.M. 1969. Default Risk on FHA-Insured Home Mortgages as a Function of the Terms of Financing: A Quantitative Analysis. Journal of Finance 24(3): 459-477.