Concepedia

Prepayment Penalties

Prepayment Penalties is a financial provision in a closed-end credit agreement, particularly in mortgage contracts, that requires the borrower to pay a fee for settling the loan balance before its scheduled maturity, distinguishing it from standard loan terms by imposing a cost for early repayment as a deterrent to refinancing or premature payoff.

32

Publications

2K

Citations

61

Authors

50

Institutions

Publications per year

2017–2026

2

Variants

Prepayment Charges

Parents

Publications

32

The Rise in Mortgage Defaults

Christopher Mayer, Karen M. Pence, Shane M. Sherlund · The Journal of Economic Perspectives · 2009 · 749 citations · Full text

, , +17

The Evolution of the Subprime Mortgage Market

Souphala Chomsisengphet, Anthony Pennington‐Cross · 2006 · 230 citations · Full text

, , +17

The impact of predatory loan terms on subprime foreclosures: The special case of prepayment penalties and balloon payments

Roberto G. Quercia, Michael A. Stegman, Walter R. Davis · Housing Policy Debate · 2007 · 121 citations

, , +16

Risky Borrowers or Risky Mortgages Disaggregating Effects Using Propensity Score Models

Lei Ding, Roberto G. Quercia, Wei Li et al. · Journal of Real Estate Research · 2011 · 99 citations

, , +17

An Analysis of Mortgage Contracting: Prepayment Penalties and the Due‐on‐Sale Clause

Kenneth B. Dunn, Chester S. Spatt · The Journal of Finance · 1985 · 68 citations

, , +17

1–5 of 32

Authors

61

  1. AT
    Alexei Tchistyi

    University of California, Berkeley, United States

    3 publications · 102 citations

    3

    h-index

  2. RG
    Roberto G. Quercia

    University of North Carolina at Chapel Hill, United States

    3 publications · 235 citations

    3

    h-index

  3. TP
    Tomasz Piskorski

    Columbia University, United States

    3 publications · 102 citations

    3

    h-index

  4. JS
    Jevgenijs Steinbuks

    World Bank Group, United States

    2 publications · 56 citations

    2

    h-index

  5. CS
    Chester S. Spatt

    Carnegie Mellon University, United States

    2 publications · 86 citations

    2

    h-index

1–5 of 61

Institutions

50

  1. National Bureau of Economic Research

    Cambridge, United States

    5 h-index

    11 publications

    1.1K citations

  2. University of California, Berkeley

    Berkeley, United States

    3 h-index

    5 publications

    167 citations

  3. Federal Reserve

    Washington D.C., United States

    3 h-index

    6 publications

    1.6K citations

  4. Federal Reserve Bank of Chicago

    Chicago, United States

    2 h-index

    7 publications

    236 citations

  5. Cornell University

    Ithaca, United States

    2 h-index

    2 publications

    80 citations

  6. Wayne State University

    Detroit, United States

    2 h-index

    2 publications

    114 citations

  7. University of Maryland, Baltimore County

    Baltimore, United States

    2 h-index

    2 publications

    32 citations

  8. Morgan Stanley (United States)

    New York, United States

    2 h-index

    2 publications

    62 citations

1–8 of 50

Venues

  1. Housing Policy Debate

    3 publications · 170 citations

    3

    h-index

  2. SSRN Electronic Journal

    Repository · 3 publications · 46 citations

    3

    h-index

  3. The Journal of Finance

    3 publications · 144 citations

    3

    h-index

  4. Real Estate Economics

    2 publications · 46 citations

    2

    h-index

  5. Journal of Banking & Finance

    2 publications · 42 citations

    2

    h-index

1–5