Author： Sprecher C.R. Willman E.
Publisher： Academic Press
ISSN： 1051-1377
Source： Journal of Housing Economics, Vol.7, Iss.2, 1998-06, pp. : 180-190
Disclaimer: Any content in publications that violate the sovereignty, the constitution or regulations of the PRC is not accepted or approved by CNPIEC.
Abstract
Theoretical studies have shown that the features of adjustable-rate mortgages are major determinants of the margin. This study uses a large national sample of over 800 adjustable-rate mortgages for the period 1984–1993 to test these relationships. It is shown that only the initial discount and the index are consistently related to the margin. Moreover, these variables explain only a small portion of the variation in the margin.
Related content
Applied Economics Letters, Vol. 16, Iss. 13, 2009-09 ,pp. :
Access to resources
Recommend
A Simple Prepayment Model of Commercial Mortgages
Journal of Housing Economics, Vol. 6, Iss. 1, 1997-03 ,pp. :
Journal of Financial and Quantitative Analysis, Vol. 52, Iss. 5, 2017-10 ,pp. :
The Determinants of Attitudes toward Strategic Default on Mortgages
THE JOURNAL OF FINANCE, Vol. 22-1082, Iss. 4, 2013-08 ,pp. :