Optimal Sharing of Interest-Rate Risk in Mortgage Contracts: The Effects of Potential Prepayment and Default-Reference-Cited by-同舟云学术

Optimal Sharing of Interest-Rate Risk in Mortgage Contracts: The Effects of Potential Prepayment and Default

Published:2016-01-28 Issue:3 Volume:45 Page:761-784
ISSN:1080-8620
Container-title:Real Estate Economics
language:en
Short-container-title:Real Estate Economics

Author:

Brueckner Jan K.¹,Lee Kangoh²

Affiliation:

1. Department of Economics; University of California; Irvine 3151 Social Science Plaza, Irvine CA 92697

2. Department of Economics; San Diego State University; 5500 Campanile Drive San Diego CA 92182

Publisher

Wiley

Subject

Economics and Econometrics,Finance,Accounting

Link

http://onlinelibrary.wiley.com/wol1/doi/10.1111/1540-6229.12149/fullpdf

Reference33 articles.

1. Efficient Contracts in Credit Markets Subject to Interest Rate Risk: An Application of Raviv's Insurance Model;Arvan;American Economic Review,1986a

2. Risk Sharing in the Adjustable-Rate Loan Market: Are Existing Contracts Efficient;Arvan;Economics Letters,1986b

3. Borrower Mobility, Self-Selection, and the Relative Prices of Fixed-and Adjustable-Rate Mortgages;Brueckner;Journal of Financial Intermediation,1992

4. Borrower Mobility, Adverse Selection, and Mortgage Points;Brueckner;Journal of Financial Intermediation,1994

5. Mortgage Default with Asymmetric Information;Brueckner;Journal of Real Estate Finance and Economics,2000

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