Showing 1 - 2 of 2
Persistent link: https://www.econbiz.de/10001741923
Option-based models of mortgage default posit that the central measure of default risk is the loan-to-value (LVT) ratio. We argue, however, that an unrecognized problem with extending the basic option model to exisiting multifamily and commercial mortgages is that key variables in the option...
Persistent link: https://www.econbiz.de/10012743015