Mortgage Prepayment Risk:A Comparison between fixed rate mortgage and adjustable rate mortgage
碩士 === 國立清華大學 === 科技管理研究所 === 91 === This article aims to present a bivariate binomial mortgage-pricing model to evaluate prepayment probabilities and timing in both fixed-rate mortgages (FRM) and adjustable-rate mortgages (ARM). In the model conducted, we divided the default options into two compon...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Others |
| Language: | zh-TW |
| Published: |
2003
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| Online Access: | http://ndltd.ncl.edu.tw/handle/06494925620155633013 |