Optimal Interest Rate for a Borrower with Estimated Default and Prepayment Risk
Today's mortgage industry is constantly changing, with adjustable rate mortgages (ARM), loans originated to the so-called "subprime" market, and volatile interest rates. Amid the changes and controversy, lenders continue to originate loans because the interest paid over the loan lifet...
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| Format: | Others |
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BYU ScholarsArchive
2008
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| Online Access: | https://scholarsarchive.byu.edu/etd/1383 https://scholarsarchive.byu.edu/cgi/viewcontent.cgi?article=2382&context=etd |