0 http://kamakuraco.com/Company/ExecutiveProfiles/DonaldRvanDeventerPhD/KamakuraBlog/tabid/231/EntryId/109/Recent-Advances-in-Asset-and-Liability-Management-An-Introduction-to-Multinomial-Logit-for-Modeling-Mortgage-Default-and-Prepayment.aspx Traditional asset and liability management (ALM) has ignored mortgage defaults and focused on interest rate-driven and mortgage age-driven prepayment. The events of the last two years have m ...]]> en-US