Some Truths about Ostriches: Who Doesn't Prepay Their Mortgages and Why They Don't

Journal of Housing Economics

Volumn 8, Issue 3, 1999, Pages 233-248

  Green, Richard K ^a   Lacour Little, Michael ^b  

^a UNIVERSITY OF WISCONSIN MADISON   (United States)

^b NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0041177351     PISSN: 10511377     EISSN: None     Source Type: Journal    
DOI: 10.1006/jhec.1999.0247     Document Type: Article

References (18)

1. Abrahams Steven W. The New View of Mortgage Prepayments: Insights from Analysis at the Loan-by-Loan Level. J. Fixed Income. 7:1997;8-21.
2. Deng, Yongheng, Quigley, John, and Van Order, Robert "Mortgage Terminations," Center for Real Estate Finance and Urban Economics Working Paper 95-230, University of California, Berkeley.
3. Follain James R., Scott Louis O., Yang Tyler. Microfoundations of a Mortgage Prepayment Function. J. Real Estate Finance Econ. 5:1992;197-217.
4. Foster, Charles, and Van Order, Robert (1990-1991). "Estimating Prepayments,"Secondary Mortgage Markets, Winter.
5. Green Jerry, Shoven John B. The Effects of Interest Rates on Mortgage Prepayments. J. Money Credit Banking. 18:1986.
6. Harding John. Estimating Borrower Mobility from Observed Prepayments. Real Estate Econ. 25:1997;347-372.
7. Kau, James, B. (1991). "The Timing of Prepayment: A Theoretical Analysis," University of Georgia Working Paper, 1991.
8. LaCour-Little, Michael (in press). "Another Look at the Role of Borrower Characteristics in Predicting Mortgage Prepayments," J. Housing Res.
9. McConnell John J., Singh Manoj. Rational Prepayments and the Valuation of Collateralized Mortgage Obligations. J. Finance. 49:1994;891-921.
10. Peristiani Stavros, Bennett Paul, Monsen Gordon, Peach Richard, Raiff Jonathan. Effects of Household Creditworthiness on Mortgage Refinancings. J. Fixed Income. 7:1997;7-22.
11. Peters, Helen, F., Pincus, Scott, M., and Askin, David, J. (1984a). "Figuring the Odds: A Model of Prepayment,"Secondary Mortgage Markets, May.
12. Peters, Helen, F., Pincus, Scott, M., and Askin, David, J. (1984b). "Prepayment Patterns of Conventional Mortgages: Experience from the Freddie Mac Portfolio,"Secondary Mortgage Markets, February.
13. Quigley John M. Interest Rate Variations, Mortgage Prepayments, and Household Mobility. Rev. Econ. Statist. 1988;636-642.
14. Richard Scott F., Roll Richard. Modeling Prepayments on Fixed Rate Mortgage-Backed Securities. J. Portfol. Manage. 1989.
15. Schwartz Eduardo S., Torous Walter N. Prepayment and the Valuation of Mortgage-Backed Securities. J. Finance. 44:1989;375-392.
16. Schwartz, Eduardo, S., and Torous, Walter, N. (1992). "An Empirical Investigation of Mortgage Prepayment and Default Decisions," UCLA Finance Working Paper.
17. Stanton Richard. Rational Prepayment and the Valuation Mortgage-Backed Securities. Rev. Finan. Stud. 8:1995;677-708.
18. Yinger John. Closed Doors, Opportunities Lost: The Continuing Costs of Housing Discrimination. 1995;Russell Sage Foundation, New York.