) explicit modelling of repayment and interest-only CWMs; (b) closed form formulae for mortgage payment and mortgage balance of a … repayment CWM; (c) a closed form formula for the actuarially fair mortgage rate of an interest-only CWM. For repayment CWMs we …

and mortgage credit cycle based on relevant literature and, second, to present cases of two countries - Korea and the U ….S. - in terms of evolution of, and recent milestone events in, residential mortgage lending sector in each country, observed … patterns housing price and mortgage credit cycles, and key causal relationships found from data analyses. Our results show that …

paper establishes some innovative dynamic models, proposes a concept of net mortgage loan to net speculative gain ratios to … investigate the speculative behaviors and mortgage bubbles, and finally concludes some interesting results: The necessary …, and, the net mortgage loan to net speculative gain ratios subsequently exist, which approximately depict the potential …