03645nam 22006735 450 991100255860332120250510170922.0978303187889310.1007/978-3-031-87889-3(CKB)38776275900041(DE-He213)978-3-031-87889-3(MiAaPQ)EBC32098475(Au-PeEL)EBL32098475(OCoLC)1524426001(EXLCZ)993877627590004120250510d2025 u| 0engur|||||||||||txtrdacontentcrdamediacrrdacarrierCallable Mortgage Bonds Numerical Methods and Valuation Models for Pricing and Risk Analysis /by Niels Rom1st ed. 2025.Cham :Springer Nature Switzerland :Imprint: Springer,2025.1 online resource (XX, 206 p. 43 illus.) Finance for Professionals,3059-35309783031878886 Chapter 1. Introduction -- Chapter 2. Fixed Income -- Chapter 3. Mathematical Finance -- Chapter 4. Prepayment Model Estimation -- Chapter 5. Stochastic Interest Rate Model -- Chapter 6. Simulation -- Chapter 7. Finite Difference -- Chapter 8. Semi-Analytic MBS Pricing -- Chapter 9. adjustable-rate Mortgages -- Chapter 10. Valuation of a Mortgage Credit Institute’s Loan Book -- Chapter 11. Cash Settled Swaptions.Callable mortgage bonds are utilized by individuals and companies to finance the purchase of real estate, and this asset class therefore plays a crucial role in modern society. Callable mortgage bonds constitute an enormous asset class and often offer long-term stable investments that are very attractive for pension funds. This book focuses on the pricing and calculation of risk numbers of callable fixed-rate mortgage bonds. Owing to the, from a financial perspective, irrational behaviour of borrowers, the pricing of these instruments usually requires the use of numerical solutions. Traditionally, it has been either a Monte Carlo simulation or a Finite Difference method. This book covers both methods and, in addition, the relatively new Fourier technique. This latter technique also creates a link between the interest rate derivatives market and the market for callable mortgage bonds. Finally, a chapter presenting a model for the valuation of a mortgage credit institute’s loan book is included. .Finance for Professionals,3059-3530Capital marketFinancial risk managementSocial sciencesMathematicsStatisticsFinancial engineeringCapital MarketsRisk ManagementMathematics in Business, Economics and FinanceStatistics in Business, Management, Economics, Finance, InsuranceFinancial EngineeringCapital market.Financial risk management.Social sciencesMathematics.Statistics.Financial engineering.Capital Markets.Risk Management.Mathematics in Business, Economics and Finance.Statistics in Business, Management, Economics, Finance, Insurance.Financial Engineering.332.0415Rom Nielsauthttp://id.loc.gov/vocabulary/relators/aut1821203MiAaPQMiAaPQMiAaPQBOOK9911002558603321Callable Mortgage Bonds4384900UNINA