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Household Finance and the Financial Decision-Making Process Read chapter Read first chapter

2007 | OriginalPaper | Chapter

Default and Prepayment Risk in Residential Mortgage Loans: A Review and Synthesis

Author : Michael LaCour-Little

Published in: Household Credit Usage

Publisher: Palgrave Macmillan US

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How long will payments under a residential mortgage loan continue? This question is central to pricing mortgages and mortgage-backed securities, now one of the largest sectors of the bond market. In this chapter, I review the research, identify major themes, and attempt a synthesis: what do we know and what do we not know?

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previous chapter Interest Rates in the Sub-Prime Mortgage Market
next chapter Statistical Analysis and Modeling for Fair Lending and Compliance: The OCC’s Perspective
Metadata
Title
Default and Prepayment Risk in Residential Mortgage Loans: A Review and Synthesis
Author
Michael LaCour-Little
Copyright Year
2007
Publisher
Palgrave Macmillan US
Book
Household Credit Usage

Print ISBN: 978-1-349-53946-8

Electronic ISBN: 978-0-230-60891-7

Copyright Year: 2007

DOI
https://doi.org/10.1057/9780230608917_15