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Mortgages as recursive contracts

Krainer, John; Marquis, Milton H. - Federal Reserve Bank of San Francisco - 2003

Mortgages are one-sided contracts under which the borrower may terminate the contract at any time, while the lender must commit to honoring the terms of the contract throughout its life. There are two aspects to this feature of the contract that are modeled in this paper. The first is that the...

Persistent link: https://www.econbiz.de/10010702204

Mortgages as recursive contracts

Krainer, John; Marquis, Milton H. - Federal Reserve Bank of San Francisco - 2003

Mortgages are one-sided contracts under which the borrower may terminate the contract at any time, while the lender must commit to honoring the terms of the contract throughout its life. There are two aspects to this feature of the contract that are modeled in this paper. The first is that the...

Persistent link: https://www.econbiz.de/10005401602

Mortgages as Recursive Contracts

Marquis, Milton H.; Krainer, John - Econometric Society - 2004

Mortgages are one-sided contracts under which the borrower may terminate the contract at any time, while the lender must commit to honoring the terms of the contract throughout its life. There are two aspects to this feature of the contract that are modeled in this paper. The first is that the...

Persistent link: https://www.econbiz.de/10005328972

Mortgages as recursive contracts

Krainer, John (contributor); Marquis, Milton H. (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001763912

Mortgages as Recursive Contracts

Krainer, John - 2004

Mortgages are one-sided contracts under which the borrower may terminate the contract at any time, while the lender must commit to honoring the terms of the contract throughout its life. There are two aspects to this feature of the contract that are modeled in this paper. The first is that the...

Persistent link: https://www.econbiz.de/10012738246

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