polito.it
Politecnico di Torino (logo)

Adjustable-rate and fixed-rate mortgages: a study of default

Michela Genta

Adjustable-rate and fixed-rate mortgages: a study of default.

Rel. Riccardo Calcagno. Politecnico di Torino, Corso di laurea magistrale in Ingegneria Gestionale (Engineering And Management), 2023

[img]
Preview
PDF (Tesi_di_laurea) - Tesi
Licenza: Creative Commons Attribution Non-commercial No Derivatives.

Download (2MB) | Preview
Abstract:

Buying a house is one of the most important investments that a person makes during his life. In most cases homeowners do not have enough liquidity and take a mortgage to finance it. This text aims at understanding which is the best type of mortgage to use comparing in particular adjustable-rate and fixed-rate ones that are the most common. Moreover, this document tries to analyze how factors such as negative equity, interest rates and loan size influence default and prepayment considering in particular the 2000s and the impact of the housing bubble crash. The option of strategic default is also presented studying the correlation with elements like propension to risk, expectation about the future, attachment and cultural characteristics.

Relators: Riccardo Calcagno
Academic year: 2022/23
Publication type: Electronic
Number of Pages: 61
Subjects:
Corso di laurea: Corso di laurea magistrale in Ingegneria Gestionale (Engineering And Management)
Classe di laurea: New organization > Master science > LM-31 - MANAGEMENT ENGINEERING
Aziende collaboratrici: UNSPECIFIED
URI: http://webthesis.biblio.polito.it/id/eprint/26543
Modify record (reserved for operators) Modify record (reserved for operators)