Dynamic analysis of defaults and prepayments in the Turkish mortgage market

Basit Öğe Kaydı
dc.authorid0000-0003-3305-7209
dc.contributor.authorVarlı, Yusuf
dc.contributor.authorÖvenç, Gökhan
dc.contributor.authorVarlı, Yusuf
dc.contributor.otherYönetim Bilimleri Fakültesi, İktisat Bölümü
dc.date.accessioned2019-03-14T14:25:00Z
dc.date.available2019-03-14T14:25:00Z
dc.date.issued2019
dc.departmentİHÜ, Yönetim Bilimleri Fakültesi, İktisat Bölümü
dc.description.abstractWe analyze the determinants of default and prepayment in the Turkish mortgage market by utilizing data obtained from a large commercial bank. Our main findings suggest that default is positively affected by a high loan to value ratio and term length of mortgages, and negatively affected by certain quantitative easing periods, good expectations regarding the future, the ratio of real house prices to the size of the economy and mortgage customer's high school and above level of education and being married. The probability of prepayment rises with the increase in variables such as the gain ratio due to prepayment, high school and above level of education of the mortgage customer, size of the GDP and the ratio of real house prices to GDP. We also find that the likelihoods of both the cases of default and prepayment are locally maximized when nearly 60% of the term is reached.
dc.identifier.citationVarlı, Y., Övenç, G. (2019). Dynamic analysis of defaults and prepayments in the Turkish mortgage market. Sosyoekonomi, 27(39), pp. 39–54.
dc.identifier.doi10.17233/sosyoekonomi.2019.01.02
dc.identifier.endpage54
dc.identifier.issn1305-5577
dc.identifier.issue39
dc.identifier.startpage39
dc.identifier.trdizinidTXpBeE1UWTRPQT09
dc.identifier.urihttps://app.trdizin.gov.tr/makale/TXpBeE1UWTRPQT09
dc.identifier.urihttps://dx.doi.org/10.17233/sosyoekonomi.2019.01.02
dc.identifier.urihttps://hdl.handle.net/20.500.12154/640
dc.identifier.volume27
dc.identifier.wosWOS:000458114500004
dc.identifier.wosqualityQ4
dc.indekslendigikaynakTR-Dizin
dc.indekslendigikaynakWeb of Science
dc.institutionauthorVarlı, Yusuf
dc.institutionauthorid0000-0003-3305-7209
dc.language.isoen
dc.publisherSosyoekonomi
dc.relation.ihupublicationcategory117
dc.relation.ispartofSosyoekonomi
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectMortgages
dc.subjectDefault (Finance)
dc.titleDynamic analysis of defaults and prepayments in the Turkish mortgage market
dc.typeArticle
dspace.entity.typePublication
relation.isAuthorOfPublicationd17361da-7d88-4d33-af55-e3d83fe37bbc
relation.isAuthorOfPublication.latestForDiscoveryd17361da-7d88-4d33-af55-e3d83fe37bbc
relation.isOrgUnitOfPublication9d1809d1-3541-41aa-94ed-639736b7e16f
relation.isOrgUnitOfPublication.latestForDiscovery9d1809d1-3541-41aa-94ed-639736b7e16f

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