Securitisation of crossover risk in reverse mortgages

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<title>Securitisation of crossover risk in reverse mortgages</title>
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<dateIssued encoding="marc">2011</dateIssued>
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<abstract displayLabel="Summary">Reverse mortgage (RM) products are growing increasingly popular in many developed countries. This article designs a tranching security to deal with longevity and house price risks for RM products. The securitisation structure for RM products, the collateralised reverse mortgage obligation (CRMO), is similar to that for the collateralised debt obligation (CDO).</abstract>
<note type="statement of responsibility">Hong-Chih, Huang</note>
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<topic>Gerencia de riesgos</topic>
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<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080551193">
<topic>Hipotecas</topic>
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<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080576240">
<topic>Hipoteca inversa</topic>
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<topic>Productos financieros</topic>
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<topic>Longevidad</topic>
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<topic>Dependencia</topic>
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<title>Geneva papers on risk and insurance : issues and practice</title>
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<publisher>Geneva : The Geneva Association, 1976-</publisher>
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<identifier type="issn">1018-5895</identifier>
<identifier type="local">MAP20077100215</identifier>
<part>
<text>03/10/2011 Tomo 36 Número 4  - 2011 , p. 622-647</text>
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