Valuation Analysis for Home Mortgage Insurance PDF Download
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Author: United States. Department of Housing and Urban Development. Single Family Development Division
Publisher:
ISBN:
Category : Mortgage guarantee insurance
Languages : en
Pages : 264
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Book Description
Author: United States. Department of Housing and Urban Development. Single Family Development Division
Publisher:
ISBN:
Category : Mortgage guarantee insurance
Languages : en
Pages : 264
Get Book Here
Book Description
Author: United States. Department of Housing and Urban Development. Single Family Development Division
Publisher:
ISBN:
Category : Mortgage guarantee insurance
Languages : en
Pages :
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Book Description
Author:
Publisher:
ISBN:
Category : Dwellings
Languages : en
Pages :
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Author:
Publisher:
ISBN:
Category : Mortgage guarantee insurance
Languages : en
Pages : 88
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Book Description
Author: United States. Department of Housing and Urban Development. Single Family Development Division
Publisher:
ISBN:
Category : Mortgage guarantee insurance
Languages : en
Pages : 260
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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 44
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Book Description
Author: Andrew Davidson
Publisher: Oxford University Press
ISBN: 0199363684
Category : Business & Economics
Languages : en
Pages : 465
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Book Description
Mortgage-backed securities (MBS) are among the most complex of all financial instruments. Analysis of MBS requires blending empirical analysis of borrower behavior with the mathematical modeling of interest rates and home prices. Over the past 25 years, Andrew Davidson and Alexander Levin have been at the leading edge of MBS valuation and risk analysis. Mortgage Valuation Models: Embedded Options, Risk, and Uncertainty contains a detailed description of the sophisticated theories and advanced methods that the authors employ in real-world analyses of mortgage-backed securities. Issues such as complexity, borrower options, uncertainty, and model risk play a central role in the authors' approach to the valuation of MBS. The coverage spans the range of mortgage products from loans and TBA (to-be-announced) pass-through securities to subordinate tranches of subprime-mortgage securitizations. With reference to the classical CAPM and APT, the book advocates extending the concept of risk-neutrality to modeling home prices and borrower options, well beyond interest rates. It describes valuation methods for both agency and non-agency MBS including pricing new loans; approaches to prudent risk measurement, ranking, and decomposition; and methods for modeling prepayments and defaults of borrowers. The authors also reveal quantitative causes of the 2007-09 financial crisis and provide insight into the future of the U.S. housing finance system and mortgage modeling as this field continues to evolve. This book will serve as a foundation for the future development of models for mortgage-backed securities.
Author: John Krainer
Publisher: DIANE Publishing
ISBN: 143793384X
Category : Law
Languages : en
Pages : 45
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Book Description
The authors develop an equilibrium valuation model that incorporates optimal default to show how mortgage yields and lender recovery rates on defaulted mortgages depend on initial loan-to-value (LTV) ratios. The analysis treats both the frictionless case and the case in which borrowers and lenders incur deadweight costs upon default. The model is calibrated using data on California mortgages. Given reasonable parameter values, the model does a surprisingly good job fitting the risk premium in the data for high LTV mortgages. Thus, from an ex ante perspective, the authors do not find strong evidence of systematic underpricing of default risk in the run-up to the housing market crisis. Charts and tables.
Author: Mark Rattermann
Publisher: Appraisal Institute
ISBN: 9780922154937
Category : Residential real estate
Languages : en
Pages : 132
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Book Description
Author: United States. Federal Housing Administration
Publisher:
ISBN:
Category : Mortgage guarantee insurance
Languages : en
Pages : 764
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Book Description
