Data/hora: 27/07/2024 02:45:02

Provedor de dados: 	Research in Agricultural & Applied Economics (AgEcon Searh)	
País: 	United States	
Título: 	A COMPARISON OF OPTION-THEORETIC AND CHOICE-THEORETIC APPROACHES TO EVALUATING ALTERNATIVE FINANCIAL TECHNOLOGIES FOR MORTGAGE LOANS TO LOW-INCOME HOUSEHOLDS	
Autores: 	Hartarska,   Valentina M.; Gonzalez-Vega,   Claudio.	
Data: 	2002-05-15	
Ano: 	2002	
Palavras-chave: 	Credit counseling; Competing risks; Low-income mortgage loans.; Financial Economics; Q140 (Agricultural Finance); Q140.	
Resumo: 	This 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.	
Tipo: 	Conference Paper or Presentation	
Idioma: 	Inglês	
Identificador: 	4512

http://purl.umn.edu/19645	
Editor: 	AgEcon Search	
Relação: 	American Agricultural Economics Association&gt;2002 Annual meeting, July 28-31, Long Beach, CA

Selected Paper	
Formato: 	23

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