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Pricing commercial mortgage‐backed securities

Maxam, Clark L.; Fisher, Jeffrey - In: Journal of Property Investment & Finance 19 (2001) 6, pp. 498-518

This paper presents the first known non‐proprietary empirical examination of the relationship between Commercial Mortgage Backed Security (CMBS) pricing. CMBS prices are examined as a function of the “moneyness” of the default option, the age of the security, the interest rate, interest...

Persistent link: https://www.econbiz.de/10014898007

The repayment of mortgages by endowment assurances

Booth, Philip; Rodney, Bill - In: Journal of Property Investment & Finance 20 (2002) 2, pp. 116-126

Looks at the problem of endowment assurances that do not meet their targets to repay residential mortgages. By … problems and other problems arising from the use of endowment assurances to repay mortgages which we identify but do not … analyse in detail. The failure of such a major method of repaying mortgages to perform in line with expectations will have …

Persistent link: https://www.econbiz.de/10014898015

Perceived guarantees, investor protection and bailout

Trutwein, Patrick; Schiereck, Dirk; Thomas, Matthias - In: Journal of Property Investment & Finance 30 (2012) 5, pp. 435-457

Purpose – This paper investigates the link between equity and credit markets for the government‐sponsored mortgage institutions, Fannie Mae and Freddie Mac, during the period from January 2007 until December 2008. Before the financial crisis, investors perceived these real estate finance...

Persistent link: https://www.econbiz.de/10014898344

Commercial mortgages – money is available if you are willing to pay the price

E. Roulac, Stephen - In: Journal of Property Investment & Finance 32 (2014) 6, pp. 589-609

policy emphasis on relevance in addition to rigor. Originality/value – As commercial mortgages much less studied than … residential mortgages, this paper is significant addition to undeveloped segment of literature. As the majority of mortgage …

Persistent link: https://www.econbiz.de/10014898877