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Paper eres2001_136:
Prepayment of German Bauspar-Loans: The importance of borrower and loan characteristics in predicting loan prepayment

id eres2001_136
authors Cieleback, Marcus
year 2001
title Prepayment of German Bauspar-Loans: The importance of borrower and loan characteristics in predicting loan prepayment
source 8th European Real Estate Society Conference (26-29 June 2001) Alicante, Spain
summary A Bauspar-Loan is a second mortgageobtained after completing the saving period in a contractual savings for housing system in Germany. Using a unique Bauspar-Loan data set, consisting of 67811 Bauspar-Loans paid off or prepaid in 1998, 1999 or from January to September 2000, tests will be conducted if interest rates and borrowert characteristics affect the likelihood that a Bauspar-Loan is prepaid. Therefore, four different measures of prepayment incentives are constructed on the basis of mortgage and money market rates to find out what determines the prepayment behavior of mortgage borrowers.
keywords Bauspar-Loans, mortgage, prepayment, information
series ERES:conference
content file.pdf (57,994 bytes)
discussion No discussions. Post discussion ...
ratings
session European real estate finance
last changed 2009/07/10 18:07
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