Real Estate

Download Reverse Mortgages and Linked Securities: The Complete Guide by Vishaal B. Bhuyan PDF

By Vishaal B. Bhuyan

ISBN-10: 0470584629

ISBN-13: 9780470584620

An institutional investor's advisor to the burgeoning box of opposite personal loan securitization

Reverse Mortgages and associated Securities is a contributed identify comprising some of the top minds in the house fairness Conversion Mortgages (HECM) undefined, together with opposite loan creditors, institutional traders, underwriters, lawyers, and regulators.

This e-book starts off with a quick heritage of opposite mortgages, and speedy strikes directly to speak about how the has evolved-detailing the avid gamers in those markets in addition to the method. It discusses the securitization of opposite mortgages and different associated securities and comprises assurance of pricing ideas and possibility mitigation. This trustworthy source additionally takes the time to hide the present regulatory surroundings of the HECM industry, that's continuously altering a result of present country of the true property market.

  • Highlights particular concepts that might permit institutional traders to profit from the resurgence of opposite mortgages and associated securities
  • One of the single courses to opposite mortgages and associated securities precise in the direction of institutional traders attracted to securitized products

If you must utilize opposite mortgages and associated securities, make the effort to learn this booklet

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Extra resources for Reverse Mortgages and Linked Securities: The Complete Guide to Risk, Pricing, and Regulation

Sample text

These products must both be fee friendly for seniors, and accurately reflect the longevity risk for institutional investors. & & The post–credit crisis economy has set the stage for a reverse mortgage rebirth. NOTES 1. HTM. 2. html. Reverse Mortgages and Linked Securities: The Complete Guide to Risk, Pricing, and Regulation by Vishaal Bhuyan Copyright © 2011 Vishaal Bhuyan CHAPTER 3 HECM Explained Reverse Mortgages Originated via the Home Equity Conversion Mortgage (HECM) Program Boris Ziser Partner, Stroock & Stroock & Lavan LLP Joseph R.

S. Census Bureau. 3 Bernanke urged Congress to begin tackling the problem right away and to set up milestones for progress. S. House of Representatives passed legislation— Expanding Homeownership Act4—that would make substantial improvements to the Federal Housing Administration (FHA) reverse mortgage program. There is also proposed legislation by several states in recent years to limit Medicaid for individuals who have more than $500,000 in home equity. It has become more difficult for seniors to stay in their homes because of medical costs.

70 In obtaining a reverse mortgage, a consumer gains access to a significant amount of cash, and both Comptroller Dugan and the GAO Report noted that the availability of this cash presents a risk that a lender will seek to sell a consumer other financial products, such as life insurance or annuities, in connection with a HECM loan. 46 Historically, life insurance and annuities have fallen under the regulatory authority of state insurance departments. 47 At the time the GAO Report was published, HUD was in the early stages of drafting administrative rules dealing with the cross-selling of financial products in this context.

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