Mortgage Default Risks and the 1971 San Fernando Earthquake
作者:
Dan R. Anderson,
Maurice Weinrobe,
期刊:
Real Estate Economics
(WILEY Available online 1986)
卷期:
Volume 14,
issue 1
页码: 110-135
ISSN:1080-8620
年代: 1986
DOI:10.1111/1540-6229.00372
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
The paper is based on a study of mortgage default risks associated with natural disasters. These risks are faced by holders of mortgages when forced by default to acquire damaged properties. A sample of residential mortgage properties damaged in the 1971 San Fernando, California earthquake is studied. Some of the mortgagors defaulted while others did not. The paper identifies and analyzes those variables associated with default using discriminant and probit regression analysis. The study concentrates on earthquake exposures in California, but has implications for all major disasters.
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