Continuous Workout Mortgages
收藏NBER2011-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w17007
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资源简介:
Continuous Workout Mortgage (CWM) balance and payments are indexed using market-observable house price index in an economic environment with prepayments. Our main results include: (a) explicit modelling of repayment and interest-only CWMs; (b) closed form formulas for mortgage payment and mortgage
连续调整型抵押贷款(Continuous Workout Mortgage,CWM)的余额与还款额,在存在提前还款行为的经济环境中,通过市场可观测的房价指数进行指数化调整。我们的主要研究结果包括:(a)对分期偿还型及仅付息型CWM进行显式建模;(b)抵押贷款还款额及抵押贷款的闭式解公式
提供机构:
美国国家经济研究局
创建时间:
2011-05-01



