Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/46376
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dc.titleA note on bias resulting from imposing expedient conditions on mortgage valuation models
dc.contributor.authorChin, L.K.H.
dc.contributor.authorKau, J.B.
dc.contributor.authorKeenan, D.C.
dc.contributor.authorMuller III, W.J.
dc.date.accessioned2013-10-16T02:00:11Z
dc.date.available2013-10-16T02:00:11Z
dc.date.issued1992
dc.identifier.citationChin, L.K.H.,Kau, J.B.,Keenan, D.C.,Muller III, W.J. (1992). A note on bias resulting from imposing expedient conditions on mortgage valuation models. Journal of Housing Economics 2 (2) : 185-198. ScholarBank@NUS Repository.
dc.identifier.issn10511377
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/46376
dc.description.abstractThis study seeks to understand how mortage valuation behaves under the alternative simplifications of nonamortization, continual interest payments, continuously exercisable default, and a prepayment option that may be exercised only periodically. The goal is to compare the effect of these differing simplifications against exact results for the standard mortgage offered in the market place. The comparison provides researchers with evidence in support of making such expedient choices in modeling. Except for amortization, there is little loss in precision from choosing the less contractually accurate mortgage representations. © 1992.
dc.sourceScopus
dc.typeArticle
dc.contributor.departmentSCHOOL OF BUILDING & REAL ESTATE
dc.description.sourcetitleJournal of Housing Economics
dc.description.volume2
dc.description.issue2
dc.description.page185-198
dc.description.codenJHECF
dc.identifier.isiutNOT_IN_WOS
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