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[null,"1.","Record Nr.",null,"UNINA9910789893303321"]
[null,null,"Autore",null,"Bhuyan Vishaal B"]
[null,null,"Titolo",null,"AARP Reverse Mortgages and Linked Securities [[electronic resource] ] : The Complete Guide to Risk, Pricing, and Regulation"]
[null,null,"Pubbl/distr/stampa",null,"Hoboken, : Wiley, 2011"]
[null,null,"ISBN",null,"1-299-25265-6"]
[{"$nulls":4},"1-118-24177-0"]
[null,null,"Descrizione fisica",null,"1 online resource (213 p.)"]
[null,null,"Collana",null,"Wiley Finance"]
[null,null,"Disciplina",null,"332.7/22"]
[{"$nulls":4},"332.722"]
[null,null,"Soggetti",null,"Mortgage loans, Reverse -- United States"]
[{"$nulls":4},"Mortgage loans, Reverse"]
[null,null,"Lingua di pubblicazione",null,"Inglese"]
[null,null,"Formato",null,"Materiale a stampa"]
[null,null,null,"Livello bibliografico","Monografia"]
[null,null,null,"Note generali","Description based upon print version of record."]
[null,null,"Nota di contenuto",null,"Reverse Mortgages and Linked Securities: The Complete Guide to Risk, Pricing, and Regulation; Contents; Preface; REVERSE EQUITY TRANSACTIONS; NOTE; Acknowledgments; Part I: Reverse Mortgage Basics; Chapter 1: Reverse Mortgage Primer; LOAN DISBURSEMENTS; OVERVIEW OF LENDER CHALLENGES; SUMMARY; Chapter 2: The History of Reverse Mortgages: An Insider's View; FORMATIVE YEARS; PRIVATE PROGRAMS; FIRST LIFETIME REVERSE MORTGAGES; FANNIE MAE STAKES A CLAIM TO THE MARKETPLACE; ROOTS OF THE SECURITIZATION OF REVERSE MORTGAGES; SUMMARY; NOTES; Chapter 3: HECM Explained"]
[{"$nulls":4},"LEGISLATIVE HISTORY AND PROGRAM FUNDAMENTALSDISBURSING FUNDS AND CALCULATING LOANS AND INTEREST; CHANGES TO THE PROGRAM FOLLOWING THE 2008 ACT; CONSUMER-FOCUSED ELEMENTS OF THE PROGRAM; SUMMARY; NOTES; Part II: Underwriting and Risk Analysis; Chapter 4: Underwriting Reverse Mortgages; UNDERWRITING LIFE EXPECTANCY; LIFE SETTLEMENT VERSUS REVERSE MORTGAGE UNDERWRITING; SIMPLICITY OF THE CURRENT REVERSE MORTGAGE UNDERWRITING PROCESS; WHY DOES UNDERWRITING MATTER?; PROPOSED ELEMENTS OF REVERSE MORTGAGE UNDERWRITING; SUMMARY; Chapter 5: Risk Mitigation from Existing and Proposed Financial Products"]
[{"$nulls":4},"REVERSE MORTGAGE RISKSAGENCY VERSUS NONCONFORMING LOANS; SUMMARY; NOTES; Chapter 6: Longevity Risk and Fair Value Accounting; LONGEVITY COST CALCULATOR AS A LOAN UNDERWRITING "]
[{"$nulls":4},"AND PRICING TOOL; REVERSE MORTGAGE LOAN PRICING USING THE LONGEVITY COST CALCULATOR; EXISTING ACCOUNTING FRAMEWORK; SUGGESTED GAAP-COMPLIANT METHODOLOGY TO STANDARDIZE LIFE SETTLEMENT UNDERWRITING; SUMMARY; NOTES; Chapter 7: Risk Mitigation; HEDGING CROSSOVER COMPONENTS IN THE CAPITAL MARKETS; INSURANCE SOLUTIONS; SUMMARY; NOTE; Chapter 8: Criteria for Rating U.K. Reverse Mortgage-Backed Securities"]
[{"$nulls":4},"OVERVIEW OF REVERSE (EQUITY RELEASE) MORTGAGESREVERSE MORTGAGE-BACKED SECURITIZATION; MORTALITY ASSUMPTIONS; PREPAYMENT ASSUMPTIONS; HOUSE PRICE INCREASE ASSUMPTIONS; COSTS AND SALE PERIOD; SUMMARY; Part III: Tax Treatment; Chapter 9: U.S. Federal Income Tax Aspects of Reverse Mortgages; WHAT IS A REVERSE MORTGAGE?; DEDUCTIBILITY OF INTEREST PAYMENTS ON REVERSE MORTGAGES; SECURITIZATION OF REVERSE MORTGAGE LOANS VIA REMIC STRUCTURES; PRACTICAL OBSERVATIONS REGARDING INVESTMENT REVERSE MORTGAGE REMIC SECURITIES; SUMMARY; NOTES; Part IV: Reverse Mortgages in Context"]
[{"$nulls":4},"Chapter 10: Unlocking Housing Equity in JapanIMPLEMENTATION IN THE JAPANESE CONTEXT; FEASIBILITY OF REVERSE MORTGAGES IN JAPAN; SUMMARY; NOTES; Chapter 11: The Secondary Market in Home Equity Conversion Mortgages; THE REVERSE MORTGAGE TO LIQUIDATE HOME EQUITY; HECM: A FINANCIAL INNOVATION; CASH FLOWS, RISK, AND UNCERTAINTY; THE SECONDARY MARKET FOR HECM; HECM SECURITIZATION; LONGEVITY RISK EMBEDDED IN HECM; THE CONSTRAINTS OF THE UNDERLYING ASSET; CONCLUDING REMARKS; SUMMARY; Appendix A: Housing Wealth Among the Elderly; WEALTH IN HOUSING; OWNER-OCCUPANCY RATES; HOW RISKY IS HOUSING WEALTH?"]
[{"$nulls":4},"DO THE ELDERLY DECUMULATE THEIR HOUSING WEALTH?"]
[null,null,null,"Sommario/riassunto","AARP Digital Editions offer you practical tips, proven solutions, and expert guidance. 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"]