Pricing effects of the decision to sell or hold adjustable rate mortgage loans in a portfolio

John D. Benjamin; Andrea Heuson; C. F. Sirmans

doi:10.1111/j.1540-6288.1997.tb00412.x

Pricing effects of the decision to sell or hold adjustable rate mortgage loans in a portfolio

John D. Benjamin, Andrea Heuson, C. F. Sirmans

Finance

Research output: Contribution to journal › Article › peer-review

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	https://doi.org/10.1111/j.1540-6288.1997.tb00412.x
State	Published - Jan 1 1997

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1111/j.1540-6288.1997.tb00412.x

Cite this

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Pricing effects of the decision to sell or hold adjustable rate mortgage loans in a portfolio

Abstract

ASJC Scopus subject areas

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