Mortgage termination due to prepayment is an important issue in pricing of mortgage and mortgage-backed securities (MBS) due to its stochastic nature. In developing countries where MBS is not yet fully developed, mortgage termination affects the flow of funds to the lenders. Recent literature has used option price models (OPM) to analyze prepayments. Prepayment is a ‘call option’ whose price is...

One of the more significant changes in the variables. Variables found to be significant U. S. agricultural industry in recent years has were: total debt divided by total assets, reabeen the increased use of credit to finance prosonable farm value, total liabilities, marital duction and capital expenditures. Since 1970, status, family living expense as a percentage of outstanding farm debt has m...

The field of microfinance emerged in the developing world as a vehicle to provide financial services to poor segments of population is gradually being seen as a profitable business opportunity. In the initial stages of development, these activities were perceived to be done with a service agenda. As the micro finance institutions (MFIs) began to mature, they started facing performance dilemma, ...

Purpose - This article investigates the factors influencing financial performance and level of sustainability microfinance institutions (MFIs) in Togo. Methodology Ordinary least squares models binary probit were employed research to identify determinants return on assets as a proxy for operational institutions. Unbalanced panel data collected from MIX Market database 29 MFIs Togo over period 1...

Loan contracts performance determines the profitability and stability of the financial institutions, and screening the loan applications is a key process in minimizing credit risk. Before making any credit decisions, credit analysis (the assessment of the financial history and financial backgrounds of the borrowers) should be completed as part of the screening process. Good borrowers with low c...