Mortgagor behavior and prepayment models
Thesis (S.M.)--Massachusetts Institute of Technology, Sloan School of Management, 2003.
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| Format: | Thesis |
| Language: | eng |
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Massachusetts Institute of Technology
2006
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| Online Access: | http://hdl.handle.net/1721.1/29736 |
| _version_ | 1826191913368158208 |
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| author | Bonilla, Mario, 1969- |
| author2 | Gordon M. Kaufman. |
| author_facet | Gordon M. Kaufman. Bonilla, Mario, 1969- |
| author_sort | Bonilla, Mario, 1969- |
| collection | MIT |
| description | Thesis (S.M.)--Massachusetts Institute of Technology, Sloan School of Management, 2003. |
| first_indexed | 2024-09-23T09:03:14Z |
| format | Thesis |
| id | mit-1721.1/29736 |
| institution | Massachusetts Institute of Technology |
| language | eng |
| last_indexed | 2024-09-23T09:03:14Z |
| publishDate | 2006 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/297362019-04-10T20:28:36Z Mortgagor behavior and prepayment models Bonilla, Mario, 1969- Gordon M. Kaufman. Sloan School of Management. Sloan School of Management. Sloan School of Management. Thesis (S.M.)--Massachusetts Institute of Technology, Sloan School of Management, 2003. Includes bibliographical references (leaf 46). We measure the efficiency of mortgagors over time and the implications that this increased efficiency may have on prepayments. The problem was approached using two methodologies: a) econometric techniques to measure the refinancing incentive elasticity of prepayments and b) simulations based on a model of the refinancing incentive using system dynamics modeling. The results suggest that there is a structural change in the prepayment function used in the study over a period of 6 years. However, the results of the simulations model play down the effects that increased mortgagor efficiency may have on prepayments and reaffirms the effect of a sustained downward drift of the mortgage rate as the most important prepayment rates explanatory factor. by Mario Bonilla. S.M. 2006-03-24T16:20:39Z 2006-03-24T16:20:39Z 2003 2003 Thesis http://hdl.handle.net/1721.1/29736 54040303 eng M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. http://dspace.mit.edu/handle/1721.1/7582 50 leaves 2641568 bytes 2641376 bytes application/pdf application/pdf application/pdf Massachusetts Institute of Technology |
| spellingShingle | Sloan School of Management. Bonilla, Mario, 1969- Mortgagor behavior and prepayment models |
| title | Mortgagor behavior and prepayment models |
| title_full | Mortgagor behavior and prepayment models |
| title_fullStr | Mortgagor behavior and prepayment models |
| title_full_unstemmed | Mortgagor behavior and prepayment models |
| title_short | Mortgagor behavior and prepayment models |
| title_sort | mortgagor behavior and prepayment models |
| topic | Sloan School of Management. |
| url | http://hdl.handle.net/1721.1/29736 |
| work_keys_str_mv | AT bonillamario1969 mortgagorbehaviorandprepaymentmodels |