Thursday, December 21, 2017

Continuous Workout Mortgages: Efficient Pricing and Systemic Implications

By Robert J. Shiller, Rafal M. Wojakowski, M. Shahid Ebrahim, and Mark B. Shackleton

This paper studies the Continuous Workout Mortgage (CWM), a two in one product: a fixed rate home loan coupled with negative equity insurance, to advocate its viability in mitigating financial fragility.

Read more

No comments:

Post a Comment