Mortgage Valuation Models: Embedded Options, Risk, and Uncertainty (Financial Management Association Survey and Synthesis)
| Author | : | |
| Rating | : | 4.45 (572 Votes) |
| Asin | : | 0199998167 |
| Format Type | : | paperback |
| Number of Pages | : | 464 Pages |
| Publish Date | : | 2016-08-30 |
| Language | : | English |
DESCRIPTION:
It combines a rigorous treatment of mortgage valuation models with a practical sense of what is important. Davidson and Levin do a commendable job of bringing us up to date, providing along the way an insightful perspective of the 2008-2009 mortgage crisis and the subsequent regulatory developments around housing finance." --Andrew Kalotay, President, Andrew Kalotay and Associates, Inc. As the housing market, mortgage industry and related governmental policies change, our MBS modeling needs evolve, too. Davidson and Levin exp
He is president of Andrew Davidson & Co., Inc., a New York firm specializing in the application of analytical tools to investment management, which he founded in 1992. He has also contributed to The Handbook of Mortgage-BackedSecurities, Mortgage-Backed Securities: New Applications and Research, and The Journal of Real Estate Finance and Economics. He received an M.B.A. in Applied Mathe
With reference to the classical CAPM and APT, the book advocates extending the concept of risk-neutrality to modeling home prices and borrower options, well beyond interest rates. Mortgage Valuation Models: Embedded Options, Risk, and Uncertainty contains a detailed description of the sophisticated theories and advanced methods that the authors employ in real-world analyses of mortgage-backed securities. This book will serve as a foundation for the future development of models for mortgage-backed
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