Consumer-Revealed Preferences for a Margin and Other Associated Adjustable-Rate Mortgage Features
This paper presents a model of mortgagor-revealed preferences for a margin and other associated adjustable-rate mortgage features estimated empirically from a cross-sectional sample of approved mortgage applications in the United States from 1984-87. It builds on the conclusions of others that mortgage menus create clientele effects because different contracts are designed to induce borrowers to reveal information about their preference structure. The pooled OLS model included numerous mortgage characteristics and produced statistical results that generally supported conventional wisdom concerning borrower behavior.
Volume (Year): 4 (1989)
Issue (Month): 1 ()
|Contact details of provider:|| Postal: American Real Estate Society Clemson University School of Business & Behavioral Science Department of Finance 401 Sirrine Hall Clemson, SC 29634-1323|
Web page: http://www.aresnet.org/
|Order Information:|| Postal: Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323|
Web: http://pages.jh.edu/jrer/about/get.htm Email:
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- James W. Boyd, 1988. "Asset Status Proxies and Consumer Preference for ARMs: An Empirical Investigation Using Probit Analysis," Journal of Real Estate Research, American Real Estate Society, vol. 3(1), pages 37-45.
When requesting a correction, please mention this item's handle: RePEc:jre:issued:v:4:n:1:1989:p:37-51. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (JRER Graduate Assistant/Webmaster)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.