This paper shows that, in the presence of transaction costs payable by borrowers on ree-nancing, it is possible to construct a separating equilibrium in which borrowers with diiering mobility select xed rate mortgages (FRMs) with diierent combinations of coupon rate and points. We also show that, in the absence of such costs, no such equilibrium is possible. This provides a possible explanation...

DRAFT Not to be distributed without permission of the authors. This work is preliminary and subject to modification. Summary This white paper provides a non-technical introduction to the Zealand Commercial Mortgage Loan Pricing Model. The accurate valuation of commercial mortgages is a complex and challenging task. The roots of this difficulty are the complex set of interacting options embedded...

This paper analyzes the risk of mortgage default and prepay for single-family, 30year fixed rate mortgages using a variety of machine learning and survival analysis methods. Predictions are made for homeowner choices to continue payment, default, or prepay using both parametric and non-parametric models. These models include Binary Logit, Multinomial Logit, K-Nearest Neighbors, K-fold Cross Val...

Asset confiscation is one of the government's efforts to compensate for state losses. The Prosecutor's Office institution with authority carry out asset based on court decisions. In carrying judicial decisions corruption crimes, experiences various obstacles in practicing value justice, which seizure assets attached mortgages. assessment confiscating burdened mortgages uses empirical juridical ...