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|Title: ||A multi-state model of a Mortgage institution in Ghana.|
|Authors: ||Garbrah, Emmanuel|
|Issue Date: ||3-Oct-2016|
|Abstract: ||The abnormal high rate of mortgage lending in the mortgage industry in Ghana which was
under rated in the nancial sector led to the foreclosure and sale of mortgaged properties.
This thesis develops a transition probability Markov chain analysis to mortgage loans
classi cation and performance. The transition matrix obtained shows that classi ed loans
switch from one status to another is possible and recommended the means by which
foreclosure of properties could be reduced to the barest minimum or avoided altogether.|
|Description: ||A project report submitted to the Department of Mathematics,
Kwame Nkrumah University of Science and Technology, Kumasi, in partial fulfillment of the requirements for the degree of Master of Science (MSc.) Actuarial Science
|Appears in Collections:||College of Science|
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