Book description
An institutional investor's guide to the burgeoning field of reverse mortgage securitization
Reverse Mortgages and Linked Securities is a contributed title comprising many of the leading minds in the Home Equity Conversion Mortgages (HECM) industry, including reverse mortgage lenders, institutional investors, underwriters, attorneys, and regulators.
This book begins with a brief history of reverse mortgages, and quickly moves on to discuss how the industry has evolved-detailing the players in these markets as well as the process. It discusses the securitization of reverse mortgages and other linked securities and includes coverage of pricing techniques and risk mitigation. This reliable resource also takes the time to cover the current regulatory environment of the HECM market, which is constantly changing due to the current state of the real estate market.
Highlights specific strategies that will allow institutional investors to benefit from the resurgence of reverse mortgages and linked securities
One of the only guides to reverse mortgages and linked securities targeted towards institutional investors interested in securitized products
Table of contents
- Title Page
- Copyright Page
- Dedication
- Preface
- Acknowledgments
- List of Contributors
- PART One: Reverse Mortgage Basics
- PART Two: Underwriting and Risk Analysis
- PART Three: Tax Treatment
- PART Four: Reverse Mortgages in Context
- APPENDIX A - Housing Wealth Among the Elderly
- APPENDIX B - Reverse Mortgage Analytics
- Glossary
- About the Author
- About the Contributors
- Index
Product information
- Title: Reverse Mortgages and Linked Securities: The Complete Guide to Risk, Pricing, and Regulation
- Author(s):
- Release date: December 2010
- Publisher(s): Wiley
- ISBN: 9780470584620
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