Download or read book Early Commercial Mortgage Terminations and Real Estate Supply Constraints written by Lok Man Michelle Tong and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Commercial Mortgage Terminations written by Yongheng Deng and published by . This book was released on 2005 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Option theory predicts that mortgage default or prepayment will be exercised if the call or put option is quot;in the money.quot; We extend our analysis to commercial mortgages using data from commercial mortgage-backed securities. The paper presents a model of the competing risks of mortgage termination (default and prepayment) using data from commercial mortgage-backed securities (CMBS) deals.Our results show that the option model explains both default and prepayment for commercial mortgages. We find that loan specific variables (such as loan-to-value ratio, debt service coverage ratio, loan-rate spread and prepayment prevention) are important explanatory variables for both default and prepayment. We also find that default and prepayment vary rather dramatically across regions of the country; given that regional economies do not move in perfect lock-step, we would expect there to be cross-sectional variation in default rates. However, the degree of variation across regions in terms of prepayments is not as predictable.

Download or read book Early Termination Study on Securitized Commercial Mortgage Loans written by Seungwoo Shin and published by . This book was released on 2005 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Commercial Mortgage backed Securities CMBS Terminations Regional and Property type Risk written by and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Characteristics of Mortgage Terminations written by Hoon Cho and published by . This book was released on 2016 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: To valuate mortgage-backed securities, it is crucial to understand mortgage termination behavior. Analyzing the unique loan-level dataset, this study examines the characteristics of mortgage prepayment and default behavior in the Korean housing and housing finance markets. We find that loans to individuals with unhealthy financial characteristics -- for example, a high loan-to-value ratio, a high debt-to-income ratio, a lower credit rate, or a high excess premium -- have a higher prepayment risk in the Korean market, which contrasts with the findings on developed markets. The results of subsample tests across regions, loan purposes, and periods indicate that the prepayment risk in a high median price-to-income ratio region is sensitive to mortgage rates, whereas the prepayment risk in a low median price-to-income ratio region is sensitive to housing prices. Mortgages for purposes other than purchase or refinance are less sensitive to financial benefits in prepayment decisions. Prepayment and default behaviors have also changed over time.

Download or read book Commercial Mortgage backed Securities written by Brent William Ambrose and published by . This book was released on 2001 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Mortgage Terminations Heterogeneity and the Exercise of Mortgage Options written by Yongheng Deng and published by . This book was released on 1997 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Handbook of Commercial Mortgage Finance written by Mortgage Bankers Association of America and published by Real Estate Finance Press. This book was released on 1997 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Commercial Real Estate Financing written by Joshua Stein and published by . This book was released on 1998 with total page 540 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Mortgage Terminations written by Yongheng Deng and published by . This book was released on 1995 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Handbook of Financial Intermediation and Banking written by Anjan V. Thakor and published by Elsevier. This book was released on 2008-07-07 with total page 605 pages. Available in PDF, EPUB and Kindle. Book excerpt: The growth of financial intermediation research has yielded a host of questions that have pushed "design" issues to the fore even as the boundary between financial intermediation and corporate finance has blurred. This volume presents review articles on six major topics that are connected by information-theoretic tools and characterized by valuable perspectives and important questions for future research. Touching upon a wide range of issues pertaining to the designs of securities, institutions, trading mechanisms and markets, industry structure, and regulation, this volume will encourage bold new efforts to shape financial intermediaries in the future. Original review articles offer valuable perspectives on research issues appearing in top journals Twenty articles are grouped by six major topics, together defining the leading research edge of financial intermediation Corporate finance researchers will find affinities in the tools, methods, and conclusions featured in these articles

Download or read book Hillman on Commercial Loan Documentation written by Thomas S. Hemmendinger and published by . This book was released on 1994 with total page 592 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Residential Care Facilities Mortgage Insurance Program Opportunities to Improve Program and Risk Management written by and published by DIANE Publishing. This book was released on with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Commercial Real Estate Financing written by and published by . This book was released on 1999 with total page 1402 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Hospital Mortgage Insurance Program written by United States. Government Accountability Office and published by DIANE Publishing. This book was released on 2006 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Starting Operating and Terminating a Small Business written by Tom Devine and published by Page Publishing, Inc. This book was released on 2022-08-01 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Small businesses are not only a major economic factor for our nations' wealth and growth but the freedom to try your ideas and seek the success you want is the basis and the major factor in the American Dream. The person with a determination to do something to fulfill a dream is free to try for all of the benefits of success but stands the risk of failure. Succeed or fail you are still free. The 'system' for starting your new business works. Look arounds at businesses that succeed and you will generally find that they followed the 'system'. This book will show you the 'system' for starting you new business. Your business is open and you have survived but you have learned that a business does not operate without management. You are the management. Know and follow the rules or all of the time and money and all of the dreams of success will be gone. Follow the rules and manage your business. There are many valid reasons for a going business to 'close'. Even under the worst of circumstances the business has a value. This is the time when you consider only how you will benefit when you close the doors. You can't salvage your labor and your dreams will have to wait for another day. Even under the worst of circumstances you do not walk away with nothing. There is a correct way to close your business.

Download or read book Commercial Loan Documentation written by William C. Hillman and published by . This book was released on 1986 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: