Modelling Reverse Mortgages

A framework for analyzing reverse mortgages in a fixed interest rate environment as well as a variable interest rate environment is suggested. To analyze the risk and potential profit of a reverse mortgage, a proposal is made to calculate the expected present value of profit and the probability of l...

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Bibliographic Details
Main Author: TSE, Yiu Kuen
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 1995
Subjects:
Online Access:https://ink.library.smu.edu.sg/soe_research/215
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Institution: Singapore Management University
Language: English