In this speech, delivered at the morning session of the Islamic Home Finance seminar, the Governor draws attention to the work of a group that has investigated and is seeking to overcome the obstacles to the wider use of Islamic mortgages in the United Kingdom. The morning session was chaired by...

This paper proposes a novel approach for modeling prepayment rates of individual pools of mortgages. The model incorporates the empirical evidence that prepayment is past dependent via Bayesian methodology. There are many factors that influence the prepayment behavior and for many of them there...