skip to content
Continuous workout mortgages Preview this item
ClosePreview this item
Checking...

Continuous workout mortgages

Author: Robert J Shiller; National Bureau of Economic Research.
Publisher: Cambridge, Mass. : National Bureau of Economic Research, ©2011.
Series: Working paper series (National Bureau of Economic Research), no. 17007.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
Continuous Workout Mortgage (CWM) balance and payments are indexed using market-observable house price index in an economic environment with prepayments. Our main results include: (a) explicit modelling of repayment and interest-only CWMs; (b) closed form formulas for mortgage payment and mortgage balance of a repayment CWM; (c) a closed form formula for the actuarially fair mortgage rate of an interest-only CWM.  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

 

Find a copy online

Links to this item

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Additional Physical Format: Print version:
Continuous workout mortgages.
Cambridge, Mass. : National Bureau of Economic Research, ©2011
(DLC) 2011657221
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Robert J Shiller; National Bureau of Economic Research.
OCLC Number: 721878437
Description: 1 online resource (40 pages) : illustrations.
Series Title: Working paper series (National Bureau of Economic Research), no. 17007.
Responsibility: Robert J. Shiller [and others].

Abstract:

Continuous Workout Mortgage (CWM) balance and payments are indexed using market-observable house price index in an economic environment with prepayments. Our main results include: (a) explicit modelling of repayment and interest-only CWMs; (b) closed form formulas for mortgage payment and mortgage balance of a repayment CWM; (c) a closed form formula for the actuarially fair mortgage rate of an interest-only CWM. For repayment CWMs we extend our analysis to include two negotiable parameters: adjustable "workout proportion" and adjustable "workout threshold." These results are of importance as they not only help in the understanding of the mechanics of CWMs and estimating key contract parameters, but they also provide guidance on how to enhance the resilience of the financial architecture and mitigate systemic risk.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.

Similar Items

Related Subjects:(1)

Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/721878437> # Continuous workout mortgages
    a schema:CreativeWork, schema:Book, schema:MediaObject ;
   library:oclcnum "721878437" ;
   library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/897493878#Place/cambridge_mass> ; # Cambridge, Mass.
   library:placeOfPublication <http://id.loc.gov/vocabulary/countries/mau> ;
   schema:about <http://dewey.info/class/330/> ;
   schema:about <http://id.worldcat.org/fast/1026646> ; # Mortgages--Econometric models
   schema:about <http://experiment.worldcat.org/entity/work/data/897493878#Topic/mortgages_econometric_models> ; # Mortgages--Econometric models
   schema:bookFormat schema:EBook ;
   schema:contributor <http://viaf.org/viaf/41900524> ; # Robert J. Shiller
   schema:contributor <http://viaf.org/viaf/135446122> ; # National Bureau of Economic Research.
   schema:copyrightYear "2011" ;
   schema:datePublished "2011" ;
   schema:description "Continuous Workout Mortgage (CWM) balance and payments are indexed using market-observable house price index in an economic environment with prepayments. Our main results include: (a) explicit modelling of repayment and interest-only CWMs; (b) closed form formulas for mortgage payment and mortgage balance of a repayment CWM; (c) a closed form formula for the actuarially fair mortgage rate of an interest-only CWM. For repayment CWMs we extend our analysis to include two negotiable parameters: adjustable "workout proportion" and adjustable "workout threshold." These results are of importance as they not only help in the understanding of the mechanics of CWMs and estimating key contract parameters, but they also provide guidance on how to enhance the resilience of the financial architecture and mitigate systemic risk."@en ;
   schema:exampleOfWork <http://worldcat.org/entity/work/id/897493878> ;
   schema:inLanguage "en" ;
   schema:isPartOf <http://experiment.worldcat.org/entity/work/data/897493878#Series/working_paper_series_national_bureau_of_economic_research> ; # Working paper series (National Bureau of Economic Research) ;
   schema:isPartOf <http://experiment.worldcat.org/entity/work/data/897493878#Series/nber_working_paper_series> ; # NBER working paper series ;
   schema:isSimilarTo <http://worldcat.org/entity/work/data/897493878#CreativeWork/continuous_workout_mortgages> ;
   schema:name "Continuous workout mortgages"@en ;
   schema:productID "721878437" ;
   schema:publication <http://www.worldcat.org/title/-/oclc/721878437#PublicationEvent/cambridge_mass_national_bureau_of_economic_research_2011> ;
   schema:publisher <http://experiment.worldcat.org/entity/work/data/897493878#Agent/national_bureau_of_economic_research> ; # National Bureau of Economic Research
   schema:url <http://papers.nber.org/papers/w17007> ;
   schema:url <http://ezproxy.eui.eu/login?url=http://www.nber.org/papers/> ;
   wdrs:describedby <http://www.worldcat.org/title/-/oclc/721878437> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/897493878#Agent/national_bureau_of_economic_research> # National Bureau of Economic Research
    a bgn:Agent ;
   schema:name "National Bureau of Economic Research" ;
    .

<http://experiment.worldcat.org/entity/work/data/897493878#Place/cambridge_mass> # Cambridge, Mass.
    a schema:Place ;
   schema:name "Cambridge, Mass." ;
    .

<http://experiment.worldcat.org/entity/work/data/897493878#Series/nber_working_paper_series> # NBER working paper series ;
    a bgn:PublicationSeries ;
   schema:hasPart <http://www.worldcat.org/oclc/721878437> ; # Continuous workout mortgages
   schema:name "NBER working paper series ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/897493878#Series/working_paper_series_national_bureau_of_economic_research> # Working paper series (National Bureau of Economic Research) ;
    a bgn:PublicationSeries ;
   schema:hasPart <http://www.worldcat.org/oclc/721878437> ; # Continuous workout mortgages
   schema:name "Working paper series (National Bureau of Economic Research) ;" ;
    .

<http://id.worldcat.org/fast/1026646> # Mortgages--Econometric models
    a schema:Intangible ;
   schema:name "Mortgages--Econometric models"@en ;
    .

<http://viaf.org/viaf/135446122> # National Bureau of Economic Research.
    a schema:Organization ;
   schema:name "National Bureau of Economic Research." ;
    .

<http://viaf.org/viaf/41900524> # Robert J. Shiller
    a schema:Person ;
   schema:familyName "Shiller" ;
   schema:givenName "Robert J." ;
   schema:name "Robert J. Shiller" ;
    .

<http://worldcat.org/entity/work/data/897493878#CreativeWork/continuous_workout_mortgages>
    a schema:CreativeWork ;
   rdfs:label "Continuous workout mortgages." ;
   schema:description "Print version:" ;
   schema:isSimilarTo <http://www.worldcat.org/oclc/721878437> ; # Continuous workout mortgages
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.