An Examination Of Commercial Mortgage-Backed Securities—Some Useful Insights For Borrowers

Why Do Borrowers Make Mortgage Refinancing Mistakes?

Refinancing a mortgage is often one of the biggest and most important financial decisions that people make. Borrowers need to choose the interest rate differential at which to refinance and, when that differential is reached, they need to take the steps to refinance before rates change again. The optimal differential is where the interest saved by refinancing equals the sum of refinancing costs...

Credit Risk and Subordination Levels in Commercial Mortgage-backed Securities (CMBS)

What is Subordination About? Credit Risk and Subordination Levels in Commercial Mortgage-backed Securities (CMBS)

Subordination is designed to provide credit risk protection for senior CMBS tranches by allocating the initial credit losses to the more junior tranches. Subordination level should in theory reflect the underlying credit risk of the CMBS pool. In this paper, we test the hypothesis that subordination is purely about credit risk as intended. We find a very weak relation between subordination leve...

Commercial Mortgage Backed Securities (CMBS) and Market Efficiency with respect to Costly Information

Commercial mortgage backed securities (CMBS) are complex asset backed securities trading in markets that do not currently use derivatives pricing technology. This lack of usage is due to the complexity of the modeling exercise, and only the recent and costly availability of historical data. As such, CMBS markets provide a natural environment for the testing of market efficiency with respect to ...

an examination of developmental dyslexia among iranian efl second graders

چکیده رساله/پایان نامه: این تحقیق جهت بررسی تاثیر نارسا خوانی در یادگیری زبان انگلیسی به عنوان زبان خارجه در میان دانش اموزان ایرانی مقطع دوم راهنمایی طراحی شده است. ده نفر از دانش اموزان ایرانی مقطع دوم راهنمایی و ده نفر از دانش اموزان غیر نارسا خوان همان مقطع برای انجام این تحقیق انتخاب شدند. تمام شرکت کنندگان توسط ازمون زبان انگلیسی ای که برای این هدف ساخته شده و متشکل از بخشهای خواندن ام...