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Cheapest-to-deliver pricing, optimal MBS securitization, and welfare implications
Huh, Yesol; Kim, You Suk - In: Journal of financial economics 150 (2023) 1, pp. 68-93
Persistent link: https://www.econbiz.de/10014421126
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Breaking the spell with credit-easing : self-confirming credit crises in competitive search economies
Gaballo, Gaetano; Marimon, Ramon - 2016
Persistent link: https://www.econbiz.de/10011446720
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Breaking the spell with credit-easing : self-confirming credit crises in competitive search economies
Gaballo, Gaetano; Marimon, Ramon - 2016
Persistent link: https://www.econbiz.de/10011449974
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The inefficiency of refinancing : why prepayment penalties are good for risky borrowers
Mayer, Christopher J.; Piskorski, Tomasz; Tchistyi, Alexei - 2010
"This paper explores the practice of mortgage refinancing in a dynamic competitive lending model with risky borrowers … prevents the mortgage pools from becoming disproportionately composed of the riskiest borrowers over time. Mortgages with … prepayment penalties allow lenders to lower mortgage rates and extend credit to the least creditworthy, with the largest benefits …
Persistent link: https://www.econbiz.de/10008773265
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The inefficiency of refinancing : why prepayment penalties are good for risky borrowers
Mayer, Chris; Piskorski, Tomasz; Tchistyi, Alexei - In: Journal of financial economics 107 (2013) 3, pp. 694-714
Persistent link: https://www.econbiz.de/10009730584
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Search frictions and market power in negotiated price markets
Allen, Jason; Clark, Robert; Houde, Jean-François - 2014
Persistent link: https://www.econbiz.de/10010258313
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Financial market heterogeneity : implications for the EMU
Gareis, Johannes; Mayer, Eric - In: International journal of applied economics and … 22 (2014) 4, pp. 39-60
Persistent link: https://www.econbiz.de/10010396222
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Accelerating inflation, nonassumable fixed-rate mortgages, and consumer choice and welfare
Hendershott, Patric H.; Hu, Sheng Cheng - 1981
Persistent link: https://www.econbiz.de/10002769242
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On the design and Pareto-optimality of participating mortgages
Ebrahim, Muhammed Shahid - In: Real estate economics : journal of the American Real … 24 (1996) 3, pp. 407-419
Persistent link: https://www.econbiz.de/10001207887
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The Inefficiency of Refinancing : Why Prepayment Penalties are Good for Risky Borrowers
Mayer, Christopher J. - 2010
This paper explores the practice of mortgage refinancing in a dynamic competitive lending model with risky borrowers … prevents the mortgage pools from becoming disproportionately composed of the riskiest borrowers over time. Mortgages with … prepayment penalties allow lenders to lower mortgage rates and extend credit to the least creditworthy, with the largest benefits …
Persistent link: https://www.econbiz.de/10013135393