دانلود کتاب Reverse Mortgages and Linked Securities: The Complete Guide to Risk, Pricing, and Regulation

An institutional investor's guide to the burgeoning field of reverse mortgage securitizationReverse 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 securitiesOne of the only guides to reverse mortgages and linked securities targeted towards institutional investors interested in securitized productsIf you want to make the most of reverse mortgages and linked securities, take the time to read this book.Content: Chapter 1 Reverse Mortgage Primer (pages 1–7): Vishaal B. BhuyanChapter 2 The History of Reverse Mortgages: An Insider's View (pages 8–16): Peter M. MazonasChapter 3 HECM Explained: Reverse Mortgages Originated via the Home Equity Conversion Mortgage (HECM) Program (pages 17–32): Boris Ziser and Joseph R. SelvidioChapter 4 Underwriting Reverse Mortgages (pages 33–42): Michael V. FasanoChapter 5 Risk Mitigation from Existing and Proposed Financial Products (pages 43–54): Nemo PereraChapter 6 Longevity Risk and Fair Value Accounting (pages 55–80): Peter M. MazonasChapter 7 Risk Mitigation: Available Hedges and Products in Development for Risk Transfer (pages 81–90): Chris DeSilvaChapter 8 Criteria for Rating U.K. Reverse Mortgage–Backed Securities (pages 91–98): Victoria Karen Apea Kai Andrea Johnstone Naylor Koranteng Gilkes QuirkChapter 9 U.S. Federal Income Tax Aspects of Reverse Mortgages (pages 99–108): Micah BloomfieldChapter 10 Unlocking Housing Equity in Japan (pages 109–126): Olivia S. Mitchell and John PiggottChapter 11 The Secondary Market in Home Equity Conversion Mortgages (pages 127–147): Charles A. Stone and Anne Zissu