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A Study Of The Behavior Of Fixed Rate Mortgages For Alternative Contracts Using Option Pricing Theory
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Book Synopsis A Study of the Behavior of Fixed Rate Mortgages for Alternative Contracts Using Option Pricing Theory by : Lawrence Kein-Hoong Chin
Download or read book A Study of the Behavior of Fixed Rate Mortgages for Alternative Contracts Using Option Pricing Theory written by Lawrence Kein-Hoong Chin and published by . This book was released on 1989 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Alternative Mortgage Instruments Research Study by : United States. Federal Home Loan Bank Board
Download or read book Alternative Mortgage Instruments Research Study written by United States. Federal Home Loan Bank Board and published by . This book was released on 1977 with total page 608 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Alternative Mortgage Instruments Research Study by : United States. Federal Home Loan Bank Board
Download or read book Alternative Mortgage Instruments Research Study written by United States. Federal Home Loan Bank Board and published by . This book was released on 1977 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Alternative Mortgage Products: Impact on Defaults Remains Unclear, but Disclosure of Risks to Borrowers Could be Improved by :
Download or read book Alternative Mortgage Products: Impact on Defaults Remains Unclear, but Disclosure of Risks to Borrowers Could be Improved written by and published by DIANE Publishing. This book was released on 2006 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Option Theory and Fixed Rate Mortgages by :
Download or read book Option Theory and Fixed Rate Mortgages written by and published by . This book was released on 1986 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Critical Review of the Alternative Mortgage Instruments Research Study by : Gerald S. Albaum
Download or read book A Critical Review of the Alternative Mortgage Instruments Research Study written by Gerald S. Albaum and published by . This book was released on 1978 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Valuing Prepayment and Default in a Fixed Rate Mortgage by : Jimmy E. Hilliard
Download or read book Valuing Prepayment and Default in a Fixed Rate Mortgage written by Jimmy E. Hilliard and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses a bivariate binomial options pricing technique to value the prepayment and default options in a fixed-rate mortgage. The American style options are dependent on two stochastic variables: (1) house price, (2) one year spot rate. The paper uses the standard lognormal process for house price and the CIR square-root process for interest rates. By forcing the two underlying state variables to undergo transformations, two new uncorrelated variables with constant volatilities are established. With constant volatilities, a computationally simple bivariate binomial tree is formed which greatly reduces the complexity of working with two state variables and is pedagogicallyuseful. Using this procedure, the price of any real estate contingent claim whose value is dependent on the one year spot rate and house price can be determined. Results are compared with those from a finite difference model.
Book Synopsis Pricing Fixed Rate Mortgages by : Fernando Diz
Download or read book Pricing Fixed Rate Mortgages written by Fernando Diz and published by . This book was released on 1989 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Variable Rate Mortgages by : David A. Lindsley
Download or read book Variable Rate Mortgages written by David A. Lindsley and published by . This book was released on 1975 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Valuation at Origination of Fixed Rate Mortgages with Default and Prepayment by : James B. Kau
Download or read book The Valuation at Origination of Fixed Rate Mortgages with Default and Prepayment written by James B. Kau and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops a model to rationally price fixed rate mortgages, using the arbitrage principles of option pricing theory. The paper incorporates amortization, prepayment and default in valuing the mortgage. Having completely specified the model, numerical procedures value the different features of the mortgage contract under a variety of economic conditions. The necessity of having both the interest rate and the house price as explanatory variables, due to the interaction of default and prepayment, is demonstrated. The numerical solutions presented center around mortgage pricing at origination. Thus, variations in the equilibrium contract rate are examined for differing economic conditions and changes in the contract. Finally, by presenting a complete model, the paper yields insights for the existence of common institutional practices.
Book Synopsis Valuing a Fixed-rate Mortgage by : Vester Carlos Slawson
Download or read book Valuing a Fixed-rate Mortgage written by Vester Carlos Slawson and published by . This book was released on 1995 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Consumer Mortgage Choice Between Fixed-rate Mortgages and Adjustable-rate Mortgages by : Hsiu-Wen Wu
Download or read book Consumer Mortgage Choice Between Fixed-rate Mortgages and Adjustable-rate Mortgages written by Hsiu-Wen Wu and published by . This book was released on 1992 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Pricing of the Intersected Contingent Claims and the Fixed Rate Mortgage by : Chia-Wen Lee
Download or read book The Pricing of the Intersected Contingent Claims and the Fixed Rate Mortgage written by Chia-Wen Lee and published by . This book was released on 1992 with total page 638 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Equilibrium Mortgage Default Pricing with Non-optimal Borrower Behavior by : Timothy J. Riddiough
Download or read book Equilibrium Mortgage Default Pricing with Non-optimal Borrower Behavior written by Timothy J. Riddiough and published by . This book was released on 1990 with total page 628 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Fixed Rate Mortgages and Adjustable Rate Mortgages by : Price Waterhouse (Firm)
Download or read book Fixed Rate Mortgages and Adjustable Rate Mortgages written by Price Waterhouse (Firm) and published by . This book was released on 1990 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Simulation Approach to the Choice between Fixed and Adjustable Rate Mortgages by : William K. Templeton
Download or read book A Simulation Approach to the Choice between Fixed and Adjustable Rate Mortgages written by William K. Templeton and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Mortgage borrowers appear to have a difficult time evaluating the costs and risks associated with the choice between a fixed rate mortgage and an adjustable rate mortgage (ARM). This study uses a simulation approach to model the choice. We represent the risk of the ARM with distributions of present value cost differentials for a variety of mortgage life periods. We provide insight on the financial planning aspect by modeling the impact of mortgage rate changes on the size of payments for ARMs. Simulation can yield non-intuitive results that may lead to better decision making by borrowers.
Book Synopsis Vinzenz Bronzin's Option Pricing Models by : Wolfgang Hafner
Download or read book Vinzenz Bronzin's Option Pricing Models written by Wolfgang Hafner and published by Springer Science & Business Media. This book was released on 2009-11-18 with total page 553 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1908, Vinzenz Bronzin, a professor of mathematics at the Accademia di Commercio e Nautica in Trieste, published a booklet in German entitled Theorie der Prämiengeschäfte (Theory of Premium Contracts) which is an old type of option contract. Almost like Bachelier’s now famous dissertation (1900), the work seems to have been forgotten shortly after it was published. However, almost every element of modern option pricing can be found in Bronzin’s book. He derives option prices for an illustrative set of distributions, including the Normal. - This volume includes a reprint of the original German text, a translation, as well as an appreciation of Bronzin's work from various perspectives (economics, history of finance, sociology, economic history) including some details about the professional life and circumstances of the author. The book brings Bronzin's early work to light again and adds an almost forgotten piece of research to the theory of option pricing.
