Effects of Prepayment Regulations on Termination of Subprime Mortgages
Because of their higher interest rates, subprime mortgages are subject to substantial prepayment risk as borrowers who succeed in improving their creditworthiness systematically prepay leaving those with higher credit risk in the mortgage pool. Lenders anticipated this problem and attached substanti...
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| Language: | en_US |
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Elsevier
2015
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| Online Access: | http://hdl.handle.net/10986/22759 |