A fixed-rate loan prepayment model for Australian mortgages
This paper is an investigation of Australian mortgage loan prepayment from a modelling perspective. A prepayment model for loans of mortgage- backed securities is developed specifically for the Australian mortgage market, and then empirically tested using (Reuters) Australian mortgage-backed security data. The model has origins in the fixed-rate loan prepayment models of the United States, but is designed and developed to take into account the Australian mortgage market structure. The model...[Show more]
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|Source:||Australian Journal of Management|
|01_Daniel_A_fixed-rate_loan_prepayment_2010.pdf||401.24 kB||Adobe PDF||Request a copy|
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