Title: The Risky Mortgage Contract and Embedded Options: Mortgage Valuation and Household Behaviour
Abstract: This chapter contains section titled: Introduction An Overview of the Option Theoretic Approach to Mortgage Valuation The Stochastic Economic Environment Valuing a Mortgage: The General Framework The Prepayment Behaviour of the Wealth Maximising Borrower The Default Behaviour of the Wealth Maximising Borrower The Links Between Prepayment and Default Behaviour The Valuation of Alternative Mortgage Instruments and Household Behaviour Summary and Conclusions Guide to Further Reading
Publication Year: 2004
Publication Date: 2004-04-16
Language: en
Type: other
Indexed In: ['crossref']
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