Residential reflections

Recurso electrónio / Resource electronic
Section: Articles
Title: Residential reflections / Guy ThomasAuthor: Thomas, Guy
Notes: Sumario: If the general level of house prices falls a long way, policymakers may introduce new policies that seek to support prices. In a recent paper in Annals of Actuarial Science, Valuation of nonegative-equity guarantees with a lower reflecting barrier', I model the effect of such interventions on the valuation of no negative equity guarantees (NNEG) in equity release mortgages. The key point is that assuming a reflecting barrier even as much as 50% below today's prices can substantially reduce the value of NNEGs.Related records: En: The Actuary : the magazine of the Institute & Faculty of Actuaries. - London : Redactive Publishing, 2019-. - 01/10/2020 Número 9 - octubre 2020 , p. 24-27Materia / lugar / evento: Política económica Modelos actuariales Mercado inmobiliario Cálculo actuarial Other categories: 6
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