DEFAULT RISK ON FHA‐INSURED HOME MORTGAGES AS A FUNCTION OF THE TERMS OF FINANCING: A QUANTITATIVE ANALYSIS

Abstract

The Journal of FinanceVolume 24, Issue 3 p. 459-477 Article DEFAULT RISK ON FHA-INSURED HOME MORTGAGES AS A FUNCTION OF THE TERMS OF FINANCING: A QUANTITATIVE ANALYSIS George M. von Furstenberg, George M. von FurstenbergAssistant Professor of Economics, Cornell University. The views expressed are not necessarily those of the PPBS section of the U.S. Department of Housing and Urban Development or the President's Committee on Urban Housing with which the author was associated under the Brookings Economic Policy Fellowship program. I am, however, grateful to Robert C. Colwell, Howard G. Ries, William F. Shaw, and Mortimer Kaplan of HUD/FHA for answering numerous questions of detail and to William M. Capron and his Economic Policy Fellows seminar for overall direction. Anthony M. Yezer, currently a graduate student of City Planning at M.I.T., shared some of the initial pains of data gathering and conceptualization during the summer of 1967. Comments by my colleague, Dennis C. Mueller, and the editor have improved an earlier draft. All computer time has been donated by the Brookings Institution, Washington, D.C.Search for more papers by this author George M. von Furstenberg, George M. von FurstenbergAssistant Professor of Economics, Cornell University. The views expressed are not necessarily those of the PPBS section of the U.S. Department of Housing and Urban Development or the President's Committee on Urban Housing with which the author was associated under the Brookings Economic Policy Fellowship program. I am, however, grateful to Robert C. Colwell, Howard G. Ries, William F. Shaw, and Mortimer Kaplan of HUD/FHA for answering numerous questions of detail and to William M. Capron and his Economic Policy Fellows seminar for overall direction. Anthony M. Yezer, currently a graduate student of City Planning at M.I.T., shared some of the initial pains of data gathering and conceptualization during the summer of 1967. Comments by my colleague, Dennis C. Mueller, and the editor have improved an earlier draft. All computer time has been donated by the Brookings Institution, Washington, D.C.Search for more papers by this author First published: June 1969 https://doi.org/10.1111/j.1540-6261.1969.tb00366.xCitations: 72 Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinkedInRedditWechat Citing Literature Volume24, Issue3June 1969Pages 459-477 RelatedInformation