Donald C. Keenan
University of Georgia
92 Papers
488 Citations
Donald C. Keenan is an academic researcher from University of Georgia. The author has contributed to research in topics: Prepayment of loan & Mortgage insurance. The author has an hindex of 27, co-authored 91 publications. Previous affiliations of Donald C. Keenan include Cergy-Pontoise University & College of Business Administration.
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Papers
The Theory of Housing and Interest Rates
James B. Kau,Donald C. Keenan +1 more
TL;DR: In this article, the relationship between real interest rates and housing using a microeconomic approach is studied, where the primary impact of interest rates on the demand side is on the real interest rate, and the partial equilibrium, comparative static model of demand behavior presented is based on intertemporal preference maximization subject to a multiperiod income constraint.
Racial Discrimination and Mortgage Lending
TL;DR: The authors examined whether lending practices are consistent with the competitive hypothesis that the racial and ethnic composition of the borrower's neighborhood affects the contract rate charged only to the extent that these characteristics objectively influence the probability of the loan defaulting or prepaying.
Reduced Form Mortgage Pricing as an Alternative to Option-Pricing Models
TL;DR: In this article, the authors extend the traditional hazard technique of estimating prepayment and default by allowing their baselines to be stochastic processes, rather than known paths of time, as is typically assumed.
A General Equilibrium Model of Congressional Voting
TL;DR: In this article, the authors specify a model in which Congressmen, constituents, and campaign contributors simultaneously decide on behavior, and empirically test this model using roll call voting on eight bills dealing with economic regulation and find support for the model.
Direction and intensity of risk preference at the third order
Donald C. Keenan,Arthur Snow +1 more
TL;DR: The authors compare alternative indices of third-order risk preference and show that the substitution effect of downside risk is governed by the Schwarzian, and that where the degree of prudence governs the magnitude of precautionary saving, the Schwarzians governs the effect of background risk on the marginal rate of time preference.