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Weiss, Allan N.

Works: 6 works in 44 publications in 2 languages and 281 library holdings
Classifications: HB1, 368.852
Publication Timeline
Publications about Allan N Weiss
Publications by Allan N Weiss
Most widely held works by Allan N Weiss
Moral hazard in home equity conversion by Robert J Shiller( Book )
14 editions published between 1998 and 2001 in English and held by 78 libraries worldwide
Abstract: Home equity conversion as presently constituted or proposed usually does not deal well with the potential problem of moral hazard. Once home-owners know that the risk of poor market performance of their homes is borne by investors, they have an incentive to neglect to take steps to maintain the homes' values. They may thus create serious future losses for the investors. A calibrated model for assessing this moral hazard risk is presented that is suitable for a number of home equity conversion forms: 1) reverse mortgages, 2) home equity insurance, 3) shared appreciation mortgages, 4) housing partnerships, 5) shared equity mortgages and 6) sale of remainder interest. Modifications of these forms involving real estate price indices are proposed that might deal better with the problem of moral hazard
Home equity insurance by Robert J Shiller( Book )
13 editions published between 1994 and 2000 in English and Spanish and held by 67 libraries worldwide
Abstract: Home equity insurance policies, policies insuring homeowners against declines in the price of their homes, would bear some resemblance both to ordinary insurance and to financial hedging vehicles. A menu of choices for the design of such policies is presented here, and conceptual issues are discussed. Choices include pass-through futures and options, in which the insurance company in effect serves as a retailer to homeowners of short positions in real estate futures markets or of put options on real estate. Another choice is a life-event-triggered insurance policy, in which the homeowner pays regular fixed insurance premia and is entitled to a claim if both there is a sufficient decline in the real estate price index and a specified life event (such as a move beyond a certain geographical distance) occurs. Pricing of the premia to cover loss experience is derived, and tables of break-even policy premia are shown, based on estimated models of Los Angeles housing prices 1971- 91
Mortgage default risk and real estate prices : the use of index-based futures and options in real estate by Karl E Case( Book )
13 editions published in 1995 in English and held by 57 libraries worldwide
Evidence is shown, using US foreclosure data by state 1975-93, that periods of high default rates on home mortgages strongly tend to follow real estate price declines or interruptions in real estate price increase. The relation between price decline and foreclosure rates is modelled using a distributed lag. Using this model, holders of residential mortgage portfolios could hedge some of the risk of default by taking positions in futures or options markets for residential real estate prices, were such markets to be established
Index-based futures and options markets in real estate by Karl E Case( Book )
2 editions published in 1991 in English and held by 1 library worldwide
Home evidence insurance by Robert J Shiller( Book )
1 edition published in 1994 in English and held by 1 library worldwide
Evaluating real estate valuation systems by Robert J Shiller( Book )
1 edition published in 1999 in English and held by 0 libraries worldwide
English (43)
Spanish (1)
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