{"product_id":"reverse-mortgages-and-linked-securities-9780470584620","title":"Reverse Mortgages and Linked Securities","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e*Reverse Mortgage and Linked Securities is a contributed title that comprises of many of the leading minds in the HECM industry, including reverse mortgage lenders, institutional investors, underwriters, attorneys, and regulators.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003ePreface.  \u003cp\u003eAcknowledgments.\u003c\/p\u003e \u003cp\u003eList of Contributors.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One Reverse Mortgage Basics.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Reverse Mortgage Primer.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLoan Disbursements.\u003c\/p\u003e \u003cp\u003eOverview of Lender Challenges.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 The History of Reverse Mortgages – an Insider's View.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFormative Years.\u003c\/p\u003e \u003cp\u003ePrivate Programs.\u003c\/p\u003e \u003cp\u003eFirst Lifetime Reverse Mortgages.\u003c\/p\u003e \u003cp\u003eFannie Mae Stakes a Claim to the Marketplace.\u003c\/p\u003e \u003cp\u003eRoots of the Securitization of Reverse Mortgages.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 HECM Explained Reverse Mortgages Originated through the Home Equity Conversion Mortgage (HECM) Program.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLegislative History and Program Fundamentals.\u003c\/p\u003e \u003cp\u003eDisbursing Funds and Calculating Loans and Interest.\u003c\/p\u003e \u003cp\u003eChanges to the Program Following the 2008 Act.\u003c\/p\u003e \u003cp\u003eConsumer Focused Elements of the Program.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two Underwriting and Risk Analysis.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Underwriting Reverse Mortgages.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUnderwriting Life Expectancy.\u003c\/p\u003e \u003cp\u003eLife Settlement versus Reverse Mortgage Underwriting.\u003c\/p\u003e \u003cp\u003eSimplicity of the Current Reverse Mortgage Underwriting Process.\u003c\/p\u003e \u003cp\u003eWhy Does Underwriting Matter?\u003c\/p\u003e \u003cp\u003eProposed Elements of Reverse Mortgage Underwriting.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Risk Mitigation from Existing and Proposed Financial Products.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eReverse Mortgage Risks.\u003c\/p\u003e \u003cp\u003eAgency versus Non-Conforming Loans.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Longevity Risk and Fair Value Accounting.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLongevity Cost Calculator™ as a Loan Underwriting and Pricing Tool.\u003c\/p\u003e \u003cp\u003eReverse Mortgage Loan Pricing Using the Longevity Cost Calculator\u003c\/p\u003e \u003cp\u003eExisting Accounting Framework.\u003c\/p\u003e \u003cp\u003eSuggested GAAP Compliant Methodology to Standardize Life Settlement Underwriting.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Risk Mitigation Available Hedges \u0026amp; Products in Development for Risk Transfer.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHedging Crossover Components in the Capital Markets.\u003c\/p\u003e \u003cp\u003eInsurance Solutions.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Criteria for Rating U.K. Reverse Mortgage-Backed Securities.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview of Reverse (Equity Release) Mortgages.\u003c\/p\u003e \u003cp\u003eReverse Mortgage-Backed Securitization.\u003c\/p\u003e \u003cp\u003eMortality Assumptions.\u003c\/p\u003e \u003cp\u003ePrepayment Assumptions.\u003c\/p\u003e \u003cp\u003eHouse Price Increase Assumptions.\u003c\/p\u003e \u003cp\u003eHPI in Year 1.\u003c\/p\u003e \u003cp\u003eHPI in Years 5–15.\u003c\/p\u003e \u003cp\u003eHPI in Years 16 to Legal Final Maturity Date.\u003c\/p\u003e \u003cp\u003eCosts and Sale Period.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Three Tax Treatment.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 United States Federal Income Tax Aspects of Reverse Mortgages.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat is a Reverse Mortgage?\u003c\/p\u003e \u003cp\u003eDeductibility of Interest Payments on Reverse Mortgages.\u003c\/p\u003e \u003cp\u003eSecuritization of Reverse Mortgage Loans Through REMIC Structures.\u003c\/p\u003e \u003cp\u003ePractical Observations Regarding Investment Reverse Mortgage REMIC Securities.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003ePart Four Reverse Mortgages in Context.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Unlocking Housing Equity in Japan.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eImplementation in the Japanese Context.\u003c\/p\u003e \u003cp\u003eFeasibility of Reverse Mortgages in Japan.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 The Secondary Market in Home Equity Conversion Mortgages.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Reverse Mortgage to Liquidate Home Equity.\u003c\/p\u003e \u003cp\u003eHECM: A Financial Innovation.\u003c\/p\u003e \u003cp\u003eCash Flows, Risk, and Uncertainty.\u003c\/p\u003e \u003cp\u003eThe Secondary Market for HECM.\u003c\/p\u003e \u003cp\u003eHECM Securitization.\u003c\/p\u003e \u003cp\u003eLongevity Risk Embedded in HECM.\u003c\/p\u003e \u003cp\u003eThe Constraints of the Underlying Asset.\u003c\/p\u003e \u003cp\u003eConcluding Remarks.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003eAppendix A Housing Wealth Among the Elderly.\u003c\/p\u003e \u003cp\u003eWealth in Housing.\u003c\/p\u003e \u003cp\u003eOwner-Occupancy Rates.\u003c\/p\u003e \u003cp\u003eHow Risky is Housing Wealth?\u003c\/p\u003e \u003cp\u003eDo the Elderly Decumulate their Housing Wealth?\u003c\/p\u003e \u003cp\u003eAppendix B: Reverse Mortgage Analytics.\u003c\/p\u003e \u003cp\u003eDetermining the Payout Values: Practical Considerations.\u003c\/p\u003e \u003cp\u003eComputing Payout Values: An Example.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eGlossary.\u003c\/p\u003e \u003cp\u003eAbout the Author.\u003c\/p\u003e \u003cp\u003eAbout the Contributors.\u003c\/p\u003e \u003cp\u003eIndex.\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49402371277143,"sku":"9780470584620","price":52.5,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780470584620.jpg?v=1730480195","url":"https:\/\/bookcurl.com\/products\/reverse-mortgages-and-linked-securities-9780470584620","provider":"Book Curl","version":"1.0","type":"link"}