Mortgage rate insurance : overview, risk management, and pricing / George W. Gau and Dennis R. Capozza.: NH15-497/1982E-PDF
"This study was commissioned by the Canada Mortgage and Housing Corporation to examine selected management and pricing aspects of mortgage rate insurance (MRI) protection. Chapter 1 consists of an overview of MRI and the workings of the financial futures markets. Chapter 2 examines operational considerations in the utilization of futures markets for MRI risk management. It also discusses options markets as another potentially useful mechanism for managing interest rate risks. Chapter 3 utilizes an option pricing model to estimate a premium structure for MRI. Chapter 4 summarizes the findings of the study and makes specific recommendations concerning the form and characteristics of MRI policies as well as the appropriate risk management strategy. It also explores how mortgage renewal insurance could be coupled with various alternatives mortgage instruments"--Executive Summary, p. i.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.831904&sl=0
| Department/Agency | Canada Mortgage and Housing Corporation. |
|---|---|
| Title | Mortgage rate insurance : overview, risk management, and pricing / George W. Gau and Dennis R. Capozza. |
| Publication type | Monograph |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | "June, 1982." Digitized edition from print [produced by Canada Mortgage and Housing Corporation]. Includes bibliographic references. |
| Publishing information | [Ottawa] : Canada Mortgage and Housing Corporation, 1982. |
| Author / Contributor | Gau, George W. Capozza, Dennis R. |
| Description | 116 p. : ill. |
| Catalogue number |
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| Subject terms | Mortgage insurance |
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