Purpose-The main purpose of this article is to make a comprehensive review of existing
studies on prepayment and default (competing risk). This review enables to shed light on the …

The current low interest rate environment has triggered refinancing incentives in the
residential mortgage sector. An unscheduled return of a part or the full outstanding principal …

Abstract In this Thesis, a Multinomial Logit Model is used to explain prepayment risk on a
loan by loan level. A new way of defining the refinance incentive of mortgagors is …

The ability to project mortgage prepayment and default is of critical use to financial
institutions from a credit and interest rate risk perspective. Prepayment and default are …

Online lending provides a means of fast financing for borrowers based on their
creditworthiness. However, borrowers may undermine this agreement due to early …

A mortgage borrower has several options once a foreclosure proceedings is initiated, mainly
default and prepayment. Using a sample of FHA mortgage loans, we develop a dependent …

Credit risk is one of the most important elements in risk management area. Traditional
regression types of credit risk models are straightforward to implement and model outputs …

This article examines the factors driving the borrower's decision to terminate commercial
mortgage contracts with the lender through either prepayment or default. Using loan–level …

Credit pricing is always an important aspect of operations of banks, as loans are generally
two thirds of bank assets. Therefore, the study of factors influencing a bank customer …

Credit risk modeling has carried a variety of research interest in previous literature, and
recent studies have shown that machine learning methods achieved better performance …