Please use this identifier to cite or link to this item:
Title: Prepayment risk of public housing mortgages
Authors: Lee, N.J. 
Ong, S.E. 
Issue Date: 2003
Citation: Lee, N.J.,Ong, S.E. (2003). Prepayment risk of public housing mortgages. Journal of Real Estate Portfolio Management 9 (3) : 251-264. ScholarBank@NUS Repository.
Abstract: This paper examines the determinants of prepayment risk of mortgages for Singapore public housing, which are adjustable rate mortgages. An understanding of the prepayment risk of mortgages is important because prepayments affect investor return from investing in mortgage-backed securities. The findings show that prepayment is positively related to market sentiments and the interest rate of public mortgages. Conversely, it is negatively related to income growth and the relative difference between private and public housing prices. The findings further imply that the prepayment rate of public mortgages is directly affected by any policies that enhance the affordability of residents of public housing to move to private housing.
Source Title: Journal of Real Estate Portfolio Management
ISSN: 10835547
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 Nov 10, 2020

Google ScholarTM


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