Refinancing Risk

Refinancing Risk is a form of funding risk in leveraged real estate finance that denotes the possibility that maturing debt cannot be renewed or replaced on anticipated terms, or at all, due to changes in capital market conditions, collateral value, or borrower credit quality, thereby threatening the asset’s cash flow, value, or solvency.

Publications

3.5K

Citations

109

Authors

Institutions

Publications per year

2017–2026

Parents

Real Estate Risk Management

Children

Balance Sheet Refinancing RiskCommercial Mortgage RefinancingCredit Spread Refinancing RiskFunding Market Access RiskInterest Rate Refinancing ExposureLoan Roll-over RiskLoan-to-value Ratio RiskMaturity Wall RiskMortgage Refinancing RiskRefinancing Constraint Relaxation

Publications

Refinancing Risk and Cash Holdings

Jarrad Harford, Sandy Klasa, William F. Maxwell · The Journal of Finance · 2013 · 657 citations · Full text

Management, Finance, Financial Management +17

Failure to refinance

Benjamin J. Keys, Devin G. Pope, Jaren C. Pope · Journal of Financial Economics · 2016 · 265 citations · Full text

Business, Economics, Finance +12

Why Do Borrowers Make Mortgage Refinancing Mistakes?

Sumit Agarwal, Richard J. Rosen, Vincent Yao · Management Science · 2015 · 175 citations

Business, Finance, Real Estate +12

Mortgage Choice: What's the Point?

Richard Stanton, Nancy Wallace · Real Estate Economics · 1998 · 161 citations · Full text

Business, Economics, Finance +17

Systemic risk and the refinancing ratchet effect

Amir E. Khandani, Andrew W. Lo, Robert C. Merton · Journal of Financial Economics · 2012 · 146 citations

Business, Economics, Finance +14

1–5 of 62

Authors

109

AD
Andrey D. Pavlov
Simon Fraser University, Canada
4 publications · 140 citations
4
h-index
RP
Richard Peach
Federal Reserve Bank of New York, United States
4 publications · 127 citations
4
h-index
SA
Sumit Agarwal
National University of Singapore, Singapore
4 publications · 316 citations
4
h-index
SP
Stavros Peristiani
Federal Reserve Bank of New York, United States
4 publications · 127 citations
4
h-index
VY
Vincent Yao
Georgia State University, United States
3 publications · 253 citations
3
h-index

1–5 of 109

Institutions

1–8 of 94

Venues

SSRN Electronic Journal
Repository · 16 publications · 476 citations
13
h-index
Real Estate Economics
9 publications · 630 citations
9
h-index
Journal of Financial Economics
3 publications · 470 citations
3
h-index
RePEc: Research Papers in Economics
Repository · 3 publications · 34 citations
3
h-index
The Journal of Fixed Income
3 publications · 56 citations
3
h-index

1–5