Lee, Sang Won; Ryu, Su Bok; Kim, Tae Young; Jeon, Jin Q. - In: Journal of derivatives and quantitative studies 30 (2022) 4, pp. 278-295
This paper examines how the macroeconomic environment affects the determinants of prepayment of mortgage loans from … October 2004 to February 2020. For more accurate analysis, the authors define the timing of prepayment not only before the … macroenvironment. On the other hand, in all periods, the possibility of prepayment increases as comprehensive loan to value (CLTV …