Description: This report describes a stochastic simulation approach used to estimate the amount of a level-payment annuity payable as long as the person is alive and living in his/her house. A discussion of the paper follows. From Transactions of Society of Actuaries 1991, Vol. 43.

Description: This work describes a study undertaken to determine whether the Federal Housing Administration FHA should modify or discontinue its single-family home mortgage insurance program for investor i.e., non-occupant loans.