The Dynamics of Adjustable-Rate Subprime Mortgage Default: A Structural Estimation
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We present a dynamic structural model of subprime adjustable-rate mortgage (ARM) borrowers making payment decisions taking into account possible consequences of different degrees of delinquency from their lenders. We empirically implement the model using unique data sets that contain information on
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美国国家经济研究局创建时间：
2015-12-01
