Abstract
Residential mortgage originators can transfer loans to ultimate lenders quickly and efficiently using the secondary mortgage market. Some adjustable rate mortgage (ARM) lenders use this outlet consistently while others hold whole loans in their portfolios on a long-term basis. Selling and holding lenders should respond to different economic factors when setting yields on ARM loans originated because their long-term positions in the loans are so diverse.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 1-20 |
| Number of pages | 20 |
| Journal | Financial Review |
| Volume | 32 |
| Issue number | 1 |
| DOIs | |
| State | Published - Jan 1 1997 |
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ASJC Scopus subject areas
- Finance
- Economics and Econometrics
Cite this
Pricing effects of the decision to sell or hold adjustable rate mortgage loans in a portfolio. / Benjamin, John D.; Heuson, Andrea; Sirmans, C. F.
In: Financial Review, Vol. 32, No. 1, 01.01.1997, p. 1-20.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - Pricing effects of the decision to sell or hold adjustable rate mortgage loans in a portfolio
AU - Benjamin, John D.
AU - Heuson, Andrea
AU - Sirmans, C. F.
PY - 1997/1/1
Y1 - 1997/1/1
N2 - Residential mortgage originators can transfer loans to ultimate lenders quickly and efficiently using the secondary mortgage market. Some adjustable rate mortgage (ARM) lenders use this outlet consistently while others hold whole loans in their portfolios on a long-term basis. Selling and holding lenders should respond to different economic factors when setting yields on ARM loans originated because their long-term positions in the loans are so diverse.
AB - Residential mortgage originators can transfer loans to ultimate lenders quickly and efficiently using the secondary mortgage market. Some adjustable rate mortgage (ARM) lenders use this outlet consistently while others hold whole loans in their portfolios on a long-term basis. Selling and holding lenders should respond to different economic factors when setting yields on ARM loans originated because their long-term positions in the loans are so diverse.
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UR - http://www.scopus.com/inward/citedby.url?scp=85040415936&partnerID=8YFLogxK
U2 - 10.1111/j.1540-6288.1997.tb00412.x
DO - 10.1111/j.1540-6288.1997.tb00412.x
M3 - Article
AN - SCOPUS:85040415936
VL - 32
SP - 1
EP - 20
JO - Financial Review
JF - Financial Review
SN - 0732-8516
IS - 1
ER -