𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Fixed-Rate Endowment Mortgage and Mortgage Indemnity Valuation

✍ Scribed by José A. Azevedo-Pereira; David P. Newton; Dean A. Paxson

Book ID
110428991
Publisher
Springer US
Year
2003
Tongue
English
Weight
844 KB
Volume
26
Category
Article
ISSN
0895-5638

No coin nor oath required. For personal study only.

📜 SIMILAR VOLUMES

Valuing and hedging fixed rate mortgage
Valuing and hedging fixed rate mortgage commitments
✍ Brian A. Maris; Harry L. White 📂 Article 📅 1989 🏛 Springer US 🌐 English ⚖ 548 KB

A fixed rate loan commitment that is binding on the lender but not on the loan applicant is equivalent to a put option. This article uses the Black-Scholes option pricing model to establish a value for fixed rate loan commitments and to derive the hedge ratio for the lending institution to hedge the

Choosing between fixed-and adjustable-ra
Choosing between fixed-and adjustable-rate mortgages: The case of commercial mortgages
✍ Upinder Dhillon; J. Sa-Aadu; James D. Shilling 📂 Article 📅 1996 🏛 Springer US 🌐 English ⚖ 683 KB

This article reports on the determinants of the ARM choice for commercial real estate projects. The theoretical literature suggests that commercial real estate projects are more likely to be financed with an adjustable-rate mortgage (ARM) if the project's income stream or value is expected to rise w