A COMPARISON OF OPTION-THEORETIC AND CHOICE-THEORETIC APPROACHES TO EVALUATING ALTERNATIVE FINANCIAL TECHNOLOGIES FOR MORTGAGE LOANS TO LOW-INCOME HOUSEHOLDS

Vista sencilla de ítem
dc.creatorHartarska, Valentina M.
dc.creatorGonzalez-Vega, Claudio
dc.date2017-04-01T20:18:40Z
dc.date.accessioned2026-07-09T03:28:30Z
dc.descriptionThis paper evaluates the efficacy of two alternative lending technologies - the traditional banking technology and a cash flow based counseling program - by using competing risks (option-based) and choice theoretic approaches. We find evidence to support the notion that low-income borrowers have some degree of financial sophistication, as they prepay the mortgage loan by considering the current value of the call option. The evidence also suggests that borrower heterogeneity and insolvency affect mortgage termination.
dc.identifierdoi:10.22004/ag.econ.19645
dc.identifierhttps://ageconsearch.umn.edu/record/19645/files/sp02ha06.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/19645
dc.identifier.urihttp://hdl.handle.net/123456789/533175
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/19645
dc.titleA COMPARISON OF OPTION-THEORETIC AND CHOICE-THEORETIC APPROACHES TO EVALUATING ALTERNATIVE FINANCIAL TECHNOLOGIES FOR MORTGAGE LOANS TO LOW-INCOME HOUSEHOLDS
dc.typeText

Archivos

Colecciones

University of Minnesota