Ho, Giang (contributor); … - 2006
component of
subprime lending in the mortgage market. While maintaining the familiar 30-year term
the typical adjustable rate …
terminations are dominated by prepayments not defaults.
JEL Classifications: G21, D14, R29
Keywords: Mortgage, Default …, prepayment, Subprime, Adjustable Rate, Hybrid,
Introduction
The mortgage market continues to evolve and provide more …