Does property market risks matter in commercial mortgage loan pricing : an inquiry into the determinants of commercial mortgage loan spread
Thesis (S.M. in Real Estate Development)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 2007.
| Main Authors: | , |
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| Other Authors: | |
| Format: | Thesis |
| Language: | eng |
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Massachusetts Institute of Technology
2008
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| Online Access: | http://hdl.handle.net/1721.1/42021 |
| _version_ | 1826211504151592960 |
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| author | Wang, Xin, S.M. Massachusetts Institute of Technology Chen, Hongfei |
| author2 | William C. Wheaton. |
| author_facet | William C. Wheaton. Wang, Xin, S.M. Massachusetts Institute of Technology Chen, Hongfei |
| author_sort | Wang, Xin, S.M. Massachusetts Institute of Technology |
| collection | MIT |
| description | Thesis (S.M. in Real Estate Development)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 2007. |
| first_indexed | 2024-09-23T15:06:58Z |
| format | Thesis |
| id | mit-1721.1/42021 |
| institution | Massachusetts Institute of Technology |
| language | eng |
| last_indexed | 2024-09-23T15:06:58Z |
| publishDate | 2008 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/420212019-04-10T22:41:29Z Does property market risks matter in commercial mortgage loan pricing : an inquiry into the determinants of commercial mortgage loan spread Wang, Xin, S.M. Massachusetts Institute of Technology Chen, Hongfei William C. Wheaton. Massachusetts Institute of Technology. Dept. of Urban Studies and Planning. Massachusetts Institute of Technology. Dept. of Urban Studies and Planning. Urban Studies and Planning. Thesis (S.M. in Real Estate Development)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 2007. This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections. Includes bibliographical references (leaves 51-52). The study takes a quantitative approach to test the determinants of commercial mortgage loan pricing at origination. The determinants include capital market risk, property market risks, mortgage terms and property characteristics. Taken into consideration of the endogenous factor between loan spread and LTV ratio, we use the OLS and 2SLS model to examine the variables of driving the spread and LTV and the interaction between them. The conclusion is drawn that there is little linkage between property market risks and commercial mortgage loan spread at origination. Therefore, commercial mortgage is mispriced in terms of property market risks. by Xin Wang & Hongfei Chen. S.M.in Real Estate Development 2008-09-02T17:50:11Z 2008-09-02T17:50:11Z 2007 2007 Thesis http://hdl.handle.net/1721.1/42021 226371795 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 74 leaves application/pdf Massachusetts Institute of Technology |
| spellingShingle | Urban Studies and Planning. Wang, Xin, S.M. Massachusetts Institute of Technology Chen, Hongfei Does property market risks matter in commercial mortgage loan pricing : an inquiry into the determinants of commercial mortgage loan spread |
| title | Does property market risks matter in commercial mortgage loan pricing : an inquiry into the determinants of commercial mortgage loan spread |
| title_full | Does property market risks matter in commercial mortgage loan pricing : an inquiry into the determinants of commercial mortgage loan spread |
| title_fullStr | Does property market risks matter in commercial mortgage loan pricing : an inquiry into the determinants of commercial mortgage loan spread |
| title_full_unstemmed | Does property market risks matter in commercial mortgage loan pricing : an inquiry into the determinants of commercial mortgage loan spread |
| title_short | Does property market risks matter in commercial mortgage loan pricing : an inquiry into the determinants of commercial mortgage loan spread |
| title_sort | does property market risks matter in commercial mortgage loan pricing an inquiry into the determinants of commercial mortgage loan spread |
| topic | Urban Studies and Planning. |
| url | http://hdl.handle.net/1721.1/42021 |
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