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Quantifying the impact of Farmer Mac prepayment penalties
Brinch, Brian M.; Stokes, Jeffrey R. - In: Agricultural finance review 61 (2001) 2, pp. 141-166
Persistent link: https://www.econbiz.de/10001767894
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Valuing agricultural mortgage-backed securities
Stokes, Jeffrey R.; Brinch, Brian M. - In: Journal of agricultural and applied economics 33 (2001) 3, pp. 493-511
Persistent link: https://www.econbiz.de/10001651331
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FINANCIAL PERFORMANCE AND ‘NEW’ RISK MANAGEMENT: AN APPLICATION TO PENNSYLVANIA DAIRY FARMS
Brinch, Brian M.; Stokes, Jeffrey R.; Weaver, Robert D. - Agricultural Economics Society - AES - 1999
Persistent link: https://www.econbiz.de/10010923267
Cover Image
Quantifying the impact of Farmer Mac prepayment penalties
Brinch, Brian M.; Stokes, Jeffrey R. - In: Agricultural finance review 61 (2001) 2, pp. 141-166
Persistent link: https://www.econbiz.de/10009903170
Cover Image
Valuing agricultural mortgage-backed securities
Stokes, Jeffrey R.; Brinch, Brian M. - In: Journal of agricultural and applied economics 33 (2001) 3, pp. 493-511
Persistent link: https://www.econbiz.de/10009928323
Cover Image
VALUING AGRICULTURAL MORTGAGE-BACKED SECURITIES
Stokes, Jeffrey R.; Brinch, Brian M. - In: Journal of Agricultural and Applied Economics 33 (2001) 03
A model to value Federal Agricultural Mortgage Corporation (Farmer Mac) agricultural mortgage-backed securities (AMBS) is developed and numerically solved. The results suggest prepayment penalties currently being used by Farmer Mac reduce yields on AMBS considerably. Even with prepayment...
Persistent link: https://www.econbiz.de/10005513917
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Quantifying the impact of farmer mac prepayment penalties
Brinch, Brian M.; Stokes, Jeffrey R. - In: Agricultural Finance Review 61 (2001) 2, pp. 141-159
Unlike most residential mortgage‐backed securities, Farmer Mac agricultural mortgage‐backed securities (AMBS) have prepayment penalties. To quantify the impact of prepayment penalties on the cost of funding loans, prepayment behavior, and AMBS value, an analytic AMBS model is developed and...
Persistent link: https://www.econbiz.de/10014667270