1 / 35

Are Underserved Borrowers Lower Risk New Evidence on the Performance and Pricing of FHA-Insured Mortgages

Consensus on Economic Analysis of Mortgage Borrower Behavior. The contingent claim model provides a coherent and useful framework for analyzing borrower behaviorTitman and Torous (1989), Kau and Keenan (1995) The jointness of the prepayment and default options is important in explaining behavior

jason
Download Presentation

Are Underserved Borrowers Lower Risk New Evidence on the Performance and Pricing of FHA-Insured Mortgages

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

    1. Are Underserved Borrowers Lower Risk? New Evidence on the Performance and Pricing of FHA-Insured Mortgages Yongheng Deng and Stuart Gabriel Lusk Center for Real Estate University of Southern California July 29, 2003

More Related