Deng, Ran; Haghani, Shermineh - In: Journal of risk and financial management : JRFM 11 (2018) 1, pp. 1-15
A mortgage borrower has several options once a foreclosure proceedings is initiated, mainly default and prepayment. Using a sample of FHA mortgage loans, we develop a dependent competing risks framework to examine the determinants of time to default and time to prepayment once the foreclosure...
