Journal of Property Finance: Volume 8 Issue 3

Optimal loan size and mortgage rationing

Raymond Y.C. Tse

Shows that loan loss expectation plays an important role in determining credit rationing. Shows that the optimal loan size depends on the marginal loan loss, and not on the…

An analysis of risk classifications for residential mortgage loans

Day‐Yang Liu, Shin‐Ping Lee

Aims to distinguish among different levels of default risk for residential mortgage loans and to examine the significant factors for the different levels of default risk…

Mortgage design in the 1990s: theoretical and empirical issues

David Leece

Examines recent innovations in the UK mortgage market and links these to the theoretical and empirical literature on the choice of mortgage instrument by households. Low inflation…

A VAR analysis of interest rates in The Netherlands

Arjan P.J.M. Van Bussel

Analyses the empirical relation between the one‐month interest rate, the long‐term interest rate and the motgage rate in The Netherlands. To study the dynamic interactions between…