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The value of the variable tenor mortgage feature in Hong Kong

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  • Chow, Ying-Foon
  • Liu, Ming

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  • Chow, Ying-Foon & Liu, Ming, 2003. "The value of the variable tenor mortgage feature in Hong Kong," Pacific-Basin Finance Journal, Elsevier, vol. 11(1), pages 61-80, January.
    • Handle: RePEc:eee:pacfin:v:11:y:2003:i:1:p:61-80
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    References listed on IDEAS

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    1. Chen, Andrew H. & Mazumdar, Sumon C. & Hung, Mao-wei, 1996. "Regulations, lender identity and bank loan pricing," Pacific-Basin Finance Journal, Elsevier, vol. 4(1), pages 1-14, May.
    2. Boot, Arnoud W A & Thakor, Anjan V & Udell, Gregory F, 1991. "Secured Lending and Default Risk: Equilibrium Analysis, Policy Implications and Empirical Results," Economic Journal, Royal Economic Society, vol. 101(406), pages 458-472, May.
    3. Chow, Ying-Foon & Huang, Charles & Liu, Ming, 2000. "Valuation of adjustable rate mortgages with automatic stretching maturity," Journal of Banking & Finance, Elsevier, vol. 24(11), pages 1809-1829, November.
    4. Brueckner Jan K., 1994. "Borrower Mobility, Adverse Selection, and Mortgage Points," Journal of Financial Intermediation, Elsevier, vol. 3(4), pages 416-441, September.
    5. Richard K. Green & James D. Shilling, 1997. "The Impact of Initial‐Year Discounts on ARM Prepayments," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 25(3), pages 373-385, September.
    6. Sa-Aadu J. & Shilling James D., 1994. "Tests of Borrower Perceptions in the Adjustable-Rate Mortgage Market: Do Borrowers View ARM Contracts as Distinct?," Journal of Urban Economics, Elsevier, vol. 36(1), pages 8-22, July.
    7. LeRoy, Stephen F, 1996. "Mortgage Valuation under Optimal Prepayment," The Review of Financial Studies, Society for Financial Studies, vol. 9(3), pages 817-844.
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    Cited by:

    1. Hancock Diana & Passmore Wayne, 2009. "Three Initiatives Enhancing the Mortgage Market and Promoting Financial Stability," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 9(3), pages 1-25, March.

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