Wednesday, December 21, 2011

Valuing US and Canadian mortgage servicing rights with default and prepayment [An article from Journal of Housing Economics] R.J. Buttimer, C.C. Lin

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Publisher: Elsevier



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Editorial Reviews Product Description This digital document is a journal article in the Journal of Housing Economics, published by Elsevier statistics for business decision making and analysis stine torrent. The article is delivered in HTML format and is available in your Amazon statistics for business decision making and analysis stine torrent.com Media Library immediately after purchase. You can view it with any web browser.Description: The increasing use of securitized mortgage loans in the world, has led to the creation of an asset class, the right to service mortgage (MSR). The MSR typically in the United States and Canada is a contract between the owner of a pool of residential mortgages and a financial institution wherein the device provides services in retail, for the borrower. This paper presents a method to options MSR valuation, which is based includes both before and Standard. The numerical results show that the MSR value is sensitive to interest rates and volatility parameters of the case, and the correlation coefficient between these parameters.

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