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Paper eres2000_089:
PREPAYMENT RATE IN INDIVIDUAL RESIDENTIAL MORTGAGES: AN ANALYSIS OF MACROECONOMIC AND MORTGAGE-SPECIFIC FACTORS

id eres2000_089
authors Ong, Seow-Eng; Doreen Chze-Lin Thang
year 2000
title PREPAYMENT RATE IN INDIVIDUAL RESIDENTIAL MORTGAGES: AN ANALYSIS OF MACROECONOMIC AND MORTGAGE-SPECIFIC FACTORS
source 7th European Real Estate Society Conference (14-16 June 2000) Bordeaux, France
summary Using individual residential ARM mortgage data in Singapore, this study finds a low prepayment rate, which is influenced predominantly by macroeconomic factors than mortgage-specific factors. Specifically, the prepayment rate is increasing in residential property prices, but declining in income (as proxied by GDP) and volatility in mortgage Rates.
series ERES:conference
email seong@nus.edu.sg
discussion No discussions. Post discussion ...
ratings
session D2 _ Mortgages and Derivatives
last changed 2009/08/07 17:25
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