Mortgage Default and Low Downpayment Loans: The Costs of Public Subsidy
收藏NBER1995-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5184
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资源简介：
This paper presents a unified model of the default and prepayment behavior of homeowners in a proportional hazard framework. The model uses the option-based approach to analyze default and prepayment and considers these two interdependent hazards as competing risks. The results indicate the
提供机构：
美国国家经济研究局
创建时间：
1995-07-01
