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Modigliani, Miller and Mortgages
Modigliani, Miller and Mortgages Author’s response to discussant comments for the 2009 Housing Wealth ... expense to the nation's wealth and economic well-being. Investment risk;Mortality-based securities; 32092 ...- Authors: Krzysztof Ostaszewski
- Date: Sep 2009
- Competency: Strategic Insight and Integration>Big picture view
- Topics: Economics>Financial markets
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Modigliani, Miller and Mortgages
suffered spectacular damage in the downturns of 2000- 2002 and 2008. Funding retirement with stock portfolios ... But the providers of reverse mortgages face mortality improvement risk, just as any providers of annuities ...- Authors: Krzysztof Ostaszewski
- Date: Sep 2009
- Competency: Strategic Insight and Integration>Big picture view
- Topics: Economics>Financial markets