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The Cost and Benefit of Reverse Mortgages
reverse mortgages closing expenses senior citizens home equity mortgage interest rates
2010/10/18
There has been a growing popularity of reverse mortgage among senior citizens who
need cash. The loan allows homeowners to convert a portion or the entire amount of equity on
their house into cash. ...
Bayesian Forecasting of Prepayment Rates for Individual Pools of Mortgages
mortgages prepayment rates MBS pricing Bayesian forecasting
2009/9/22
This paper proposes a novel approach for modeling prepayment rates
of individual pools of mortgages.The model incorporates the empirical evidence
that prepayment is past dependent via Bayesian metho...