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A Study on the Termination Behavior of Residential Mortgages in Taiwan

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Figure 1    Illustration of the Censoring Concept
Table 2   Parameters and the Expected Influence Directions
Table 4 shows the coefficients of the parameters.  Most of them are consistent with  expected estimation of default and prepayment
Figure 2      Mortgage Prepayment and Default Rates in Taiwan      (Sampled Mortgages Originated in 1991)
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