Please use this identifier to cite or link to this item:
Title: Mortgagor motivations in prepayments for adjustable rate mortgages
Authors: Ong, S.-E. 
Maxam, C.L.
Thang, D.C-L. 
Issue Date: 2002
Citation: Ong, S.-E.,Maxam, C.L.,Thang, D.C-L. (2002). Mortgagor motivations in prepayments for adjustable rate mortgages. Review of Urban and Regional Development Studies 14 (2) : 97-116. ScholarBank@NUS Repository.
Abstract: This paper provides the first rigorous analysis of residential adjustable mortgage prepayment using individual ARM mortgage data in Singapore. The prepayment rate for residential mortgages is low and is dominated more by macroeconomic factors than mortgage-specific factors. Specifically, the prepayment rate is increasing in residential property prices, but decreasing in income as proxied by GDP and volatility in mortgage rates. There is weak evidence to suggest that prepayment is increasing in the borrower's age, mortgage rate hikes, cash-availability variables and sentiments of the stock market, and decreasing in the price premium over valuation, payment-to-income ratio, loan-to-value ratio, loan term and floor level of the property.
Source Title: Review of Urban and Regional Development Studies
ISSN: 09170553
Appears in Collections:Staff Publications

Show full item record
Files in This Item:
There are no files associated with this item.

Page view(s)

checked on May 31, 2019

Google ScholarTM


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.