The fair premia on FHA mortgage default insurance contracts are computed under alternative assumptions regarding the expected house price inflation rate and its variance and homeowner's default costs. The contracts considered vary by amortization schedule (15 and 30 year level-payment mortgages...

The fair premia on FHA mortgage default insurance contracts are computed under alternative assumptions regarding the expected house price inflation rate and its variance and homeowner's default costs. The contracts considered vary by amortization schedule (15 and 30 year level-payment mortgages...

Estate planning is particularly difficult when transfer tax effects are unpredictable. The Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) reduced estate tax rates through 2009 and completely eliminates the estate tax in 2010, but a sunset provision brings the estate right...

In general, substantial transfer tax savings occur when individuals gift rather than bequeath property. These savings are complemented with modest income tax savings if the gifted property is income producing and the donor is in a higher tax bracket than the beneficiary. However, individuals...

The fair premia on FHA mortgage default insurance contracts are computed under alternative assumptions regarding the expected house price inflation rate and its variance and homeowner's default costs. The contracts considered vary by amortization schedule (15 and 30 year level-payment mortgages...