Book description
An institutional investor's guide to the burgeoning field of reverse
mortgage securitization
Reverse Mortgages and Linked Securities is a contributed title
comprising many of the leading minds in the Home Equity Conversion
Mortgages (HECM) industry, including reverse mortgage lenders,
institutional investors, underwriters, attorneys, and regulators.
This book begins with a brief history of reverse mortgages, and
quickly moves on to discuss how the industry has evolved-detailing the
players in these markets as well as the process. It discusses the
securitization of reverse mortgages and other linked securities and
includes coverage of pricing techniques and risk mitigation. This
reliable resource also takes the time to cover the current regulatory
environment of the HECM market, which is constantly changing due to
the current state of the real estate market.
- Highlights specific strategies that will allow institutional
investors to benefit from the resurgence of reverse mortgages and
linked securities
- One of the only guides to reverse mortgages and linked
securities targeted towards institutional investors interested in
securitized products
If you want to make the most of reverse mortgages and linked
securities, take the time to read this book.
Vishaal B. Bhuyan has been involved in the
"life markets" for over five years and has focused on
analyzing and investing in life settlements, reverse mortgages, and
other linked assets. He has advised a number of large investment funds
on the longevity and mortality risk asset class and has been invited
to speak at various investment and industry-specific conferences
across the United States, Europe, and Asia. Bhuyan is also the editor
and coauthor of Life Markets: Trading Mortality and Longevity Risk
with Life Settlements and Linked Securities (Wiley) and will be
releasing The Esoteric Investor (FT Press) in 2011.
