reduction that we estimate would result from refinancing under HARP, we find that the cumulative five-year default rate on prime …

We are the first to provide closed-form analytic solutions for the joint problem of mortgage refinancing and default …. Our solution takes into account reduction in mortgage interest rates and the "cash-out" motive for refinancing. The model … consistent with empirical works on mortgage default. Although our refinancing results are comparable to other closed …

attract long-term financial resources on the basis of its refinancing. The expansion of foreign banks in the domestic credit … and methodological foundations of “refinancing” and “relending” definitions, their relationships, and to identify …

European Central Bank (ECB) refinancing operations. This paper focuses on ABS backed by auto loans or loans granted to Small …