Pretorius, F; So, W.M.; Chau, K.W. - In: Journal of Financial Management of Property and Construction 10 (2005) 3, pp. 147-158
A distinctive feature of mortgages as assets is the existence of prepayment risk, typically viewed as a borrower’s call option to pay the outstanding mortgage balance at any time during the term. While previous research identified important causes for prepayment, these studies are mostly based...
