Note rate modifications and subprime default rates
An important instrument to mitigate credit losses is modification of note rates of distressed borrowers. From a logistic model of early default, this article inferred the note rate impact on loan default probabilities, while controlling for loan characteristics (credit quality) and borrower location...
- Autores:
-
Sarmiento, Camilo
- Tipo de recurso:
- Article of journal
- Fecha de publicación:
- 2009
- Institución:
- Escuela Colombiana de Ingeniería Julio Garavito
- Repositorio:
- Repositorio Institucional ECI
- Idioma:
- eng
- OAI Identifier:
- oai:repositorio.escuelaing.edu.co:001/2751
- Acceso en línea:
- https://repositorio.escuelaing.edu.co/handle/001/2751
https://repositorio.escuelaing.edu.co/
- Palabra clave:
- Tasas de interés
Préstamos bancarios
Créditos bancarios
Interest rates
Bank loans
Bank credits
- Rights
- closedAccess
- License
- http://purl.org/coar/access_right/c_14cb
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Note rate modifications and subprime default rates |
| title |
Note rate modifications and subprime default rates |
| spellingShingle |
Note rate modifications and subprime default rates Tasas de interés Préstamos bancarios Créditos bancarios Interest rates Bank loans Bank credits |
| title_short |
Note rate modifications and subprime default rates |
| title_full |
Note rate modifications and subprime default rates |
| title_fullStr |
Note rate modifications and subprime default rates |
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Note rate modifications and subprime default rates |
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Note rate modifications and subprime default rates |
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Sarmiento, Camilo |
| dc.contributor.author.none.fl_str_mv |
Sarmiento, Camilo |
| dc.contributor.researchgroup.spa.fl_str_mv |
Centro de Estudios Económicos |
| dc.subject.armarc.none.fl_str_mv |
Tasas de interés Préstamos bancarios Créditos bancarios Interest rates Bank loans Bank credits |
| topic |
Tasas de interés Préstamos bancarios Créditos bancarios Interest rates Bank loans Bank credits |
| description |
An important instrument to mitigate credit losses is modification of note rates of distressed borrowers. From a logistic model of early default, this article inferred the note rate impact on loan default probabilities, while controlling for loan characteristics (credit quality) and borrower location. |
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2009 |
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2009 |
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2023-12-04T15:54:14Z |
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2023-12-04T15:54:14Z |
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1350-4851 |
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Universidad Escuela Colombiana de Ingeniería Julio Garavito |
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Repositorio Digital |
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1350-4851 Universidad Escuela Colombiana de Ingeniería Julio Garavito Repositorio Digital |
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eng |
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Applied Economics Letters |
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Bostic, R. W. (2002) Trends in equal access to credit products, in The Impact of Credit Policy on Consumer Credit (Eds) T. Durkin and M. Staten, Kluwer, Massachusetts, pp. 172–202 Calem, P. S., Gillen, K. and Wachter, S. (2004) The neighborhood distribution of subprime mortgage lending, Journal of Real Estate Finance and Economics, 29, 393–410. Chinloy, P. and MacDonald, N. (2005) Subprime lenders and mortgage market competition, The Journal of Real Estate Finance and Economics, 30, 153–65. Chomsisengphet, S. and Pennington-Cross, A. (2006) The evolution of the subprime mortgage market, Federal Server Bank of St. Louis Review, 88, 31–56a. Fabozzi, F. J. (Ed.) (2006) Handbook of Mortgage-Backed Securities, 6th edn, McGraw-Hill Professional. Johnson, K. (2002) Consumer loan securitization, in The Impact of Credit Policy on Consumer Credit (Eds) T. Durkin and M. Staten, Kluwer, Massachusetts, pp. 287–306. Sarmiento, C. (2008) Regime changes in subprime margins under the U.S. housing bubble, Applied Financial Economics, forthcoming. The Economist (2007) The trouble in the housing market. March 24–30, 76–81. |
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Routledge Taylor and Francis Group |
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Sarmiento, Camiloa48a67bcfacaaa8d4773d8fd3f6d85acCentro de Estudios Económicos2023-12-04T15:54:14Z2023-12-04T15:54:14Z2009https://repositorio.escuelaing.edu.co/handle/001/27511350-4851Universidad Escuela Colombiana de Ingeniería Julio GaravitoRepositorio Digitalhttps://repositorio.escuelaing.edu.co/An important instrument to mitigate credit losses is modification of note rates of distressed borrowers. From a logistic model of early default, this article inferred the note rate impact on loan default probabilities, while controlling for loan characteristics (credit quality) and borrower location.Un instrumento importante para mitigar las pérdidas crediticias es la modificación de las tasas de interés de los prestatarios en dificultades. A partir de un modelo logístico de incumplimiento anticipado, este artículo infiere el impacto de la tasa de los pagarés en las probabilidades de incumplimiento de los préstamos, controlando al mismo tiempo las características del préstamo (calidad crediticia) y la ubicación del prestatario.6 páginasapplication/pdfengRoutledge Taylor and Francis GroupEstados Unidoshttps://www.tandfonline.com/doi/abs/10.1080/17446540802260878Note rate modifications and subprime default ratesArtículo de revistainfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1Textinfo:eu-repo/semantics/articlehttp://purl.org/coar/version/c_970fb48d4fbd8a852009566656316Applied Economics LettersBostic, R. W. (2002) Trends in equal access to credit products, in The Impact of Credit Policy on Consumer Credit (Eds) T. Durkin and M. Staten, Kluwer, Massachusetts, pp. 172–202Calem, P. S., Gillen, K. and Wachter, S. (2004) The neighborhood distribution of subprime mortgage lending, Journal of Real Estate Finance and Economics, 29, 393–410.Chinloy, P. and MacDonald, N. (2005) Subprime lenders and mortgage market competition, The Journal of Real Estate Finance and Economics, 30, 153–65.Chomsisengphet, S. and Pennington-Cross, A. (2006) The evolution of the subprime mortgage market, Federal Server Bank of St. Louis Review, 88, 31–56a.Fabozzi, F. J. (Ed.) (2006) Handbook of Mortgage-Backed Securities, 6th edn, McGraw-Hill Professional.Johnson, K. (2002) Consumer loan securitization, in The Impact of Credit Policy on Consumer Credit (Eds)T. Durkin and M. Staten, Kluwer, Massachusetts, pp. 287–306.Sarmiento, C. (2008) Regime changes in subprime margins under the U.S. housing bubble, Applied Financial Economics, forthcoming.The Economist (2007) The trouble in the housing market. March 24–30, 76–81.info:eu-repo/semantics/closedAccesshttp://purl.org/coar/access_right/c_14cbTasas de interésPréstamos bancariosCréditos bancariosInterest ratesBank loansBank creditsTEXTNote rate modifications and subprime default rates.pdf.txtNote rate modifications and subprime default rates.pdf.txtExtracted texttext/plain11081https://repositorio.escuelaing.edu.co/bitstream/001/2751/4/Note%20rate%20modifications%20and%20subprime%20default%20rates.pdf.txt3fa290124b1537ba342e25b907c924e4MD54open accessTHUMBNAILPortada note rate modifications and subprime default rates.JPGPortada note rate modifications and subprime default rates.JPGimage/jpeg50363https://repositorio.escuelaing.edu.co/bitstream/001/2751/3/Portada%20note%20rate%20modifications%20and%20subprime%20default%20rates.JPG2c6f03b4e07ad36609aa6c2e8185280dMD53open accessNote rate modifications and subprime default rates.pdf.jpgNote rate modifications and subprime default rates.pdf.jpgGenerated Thumbnailimage/jpeg14937https://repositorio.escuelaing.edu.co/bitstream/001/2751/5/Note%20rate%20modifications%20and%20subprime%20default%20rates.pdf.jpg3bab6e3a2f43e0d40a817f769ed0b9f6MD55metadata only accessLICENSElicense.txtlicense.txttext/plain; charset=utf-81881https://repositorio.escuelaing.edu.co/bitstream/001/2751/2/license.txt5a7ca94c2e5326ee169f979d71d0f06eMD52open accessORIGINALNote rate modifications and subprime default rates.pdfNote rate modifications and subprime default rates.pdfapplication/pdf148873https://repositorio.escuelaing.edu.co/bitstream/001/2751/1/Note%20rate%20modifications%20and%20subprime%20default%20rates.pdf52bb5e033666a6c5bf7117466fc1c870MD51metadata only access001/2751oai:repositorio.escuelaing.edu.co:001/27512024-07-28 03:01:18.014metadata only accessRepositorio Escuela Colombiana de Ingeniería Julio Garavitorepositorio.eci@escuelaing.edu.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 |