전세자금대출 채무불이행 결정요인에 관한 연구 = A Study on the Determinants of Chonsei Loan Default

다국어 초록 (Multilingual Abstract)

This paper investigates three broad attributes of Chonsei loan borrowers in terms of social and demographic characteristics of individual borrowers, types of collateral and residential property, and terms and conditions of guarantee and loan contracts based on a large dataset provided by a financial institution. Next, determinants of Chonsei loan defaults are analyzed through Binary Logistic Regression Analysis. Finally the costs and benefits of exercising loan default options are discussed. This study finds that the following variables are statistically significant at 1% level: gender, marital status, number of people in the household, borrower credit rating, regional unemployment rate, geographic location, Chonsei deposit amount, housing type, size of rented residence, loan amount, amortization method, and status of joint and several liability. The variables Borrower Age, Ratio of Chonsei loan amount to Chonsei deposit amount, and interest rates are statistically significant at the 10% level. Lastly, the number of children, annual household income, and profession type variables are not statistically significant.

참고문헌 (Reference)

1 김희철, "패널 데이터모형을 적용한 국내일반은행 연체율 결정요인 추정에 관한 연구" 한국산학기술학회 11 (11): 272-277, 2010

2 서민석, "차주신용등급별 서울시 주택담보대출 연체에 미치는 요인분석" 2013 (2013): 81-95, 2013

3 지규현, "주택담보대출 위험관리를 위한 차입자 특성 분석" 대한국토·도시계획학회 41 (41): 117-128, 2006

4 박광길, "주택금융신용보증 보증사고발생률 결정요인에 관한 연구" 서울대학교 행정대학원 2014

5 지규현, "담보인정비율(LTV)과 차입자 속성이 주택담보대출의채무불이행에 미치는 영향에 대한 연구" 한국지역개발학회 19 (19): 213-228, 2007

6 홍종학, "가계부채 문제해결을 위한 정책과제" 한국응용경제학회 13 (13): 169-190, 2011

7 Clapp, John, "Unobserved Heterogeneity in Models of Competing Mortgage Termination Risks" 34 : 243-273, 2006

8 Danis, Michelle, "The delinquency of subprime mortgages" 60 : 67-90, 2008

9 Jackson, J. R., "Default Risk on Home Mortgage Loans : A Test of Competing Hypotheses" 47 (47): 678-690, 1980

10 Cook, P. Dixon., "Binary Response and Logistic Regression Analysis" Iowa State University 2000

11 Bajari, Patrick, "A Empirical Model of Subprime Mortgage Default From 2000 to 2007" NBER 2007