... considered. Findings For a short-term horizon, shocks to mortgages, the house price index (HPI) and the GDP have a positive effect on the GDP, a shock to the amount of mortgages has a positive effect on the mortgage supply and a shock to the GDP has a negative effect on HPI. The main results for the long...

... study of the proposition that every commodity has a price, no matter how severe or difficult the circumstances, in a manner fully congruent with the new AACSB Business School Deans policy emphasis on relevance in addition to rigor. Originality/value – As commercial mortgages much less studied than...

...Patrick Trutwein; Dirk Schiereck; Matthias Thomas 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...

...Philip Booth; Bill Rodney Looks at the problem of endowment assurances that do not meet their targets to repay residential mortgages. By analysing the present value of payments under different inflation and interest‐rate regimes, we conclude that the perceived problems with endowment policies may...

...Clark L. Maxam; Jeffrey Fisher 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...

...Seow Eng Ong Prepayment risk is a key concern in securitized real estate. Using repeat sales in transaction data to proxy for holding period and prepayment, this paper provides the first rigorous analysis of residential mortgage prepayment in Singapore. The prepayment rate for new condominiums...

...N.R. Mazure; J.C. Trigg Waddell Seeks to tackle in the broadest possible terms the legal and practical aspects of fraud and negligence claims in relation to residential mortgage valuations and surveys carried out by the surveying profession. Includes underwriting, lenders claims, defective property...

...Stuart Gronow Reviews the various types of fraud in which a building society mortgage valuer may become involved. Considers the possible conflicts of interest which could lead to fraudulent practices. Recommendations are made for improving the consistency and accuracy of building society mortgage...

...Peter Hales Aims to give practical advice on some of the questions raised by the Mortgage Valuation Guidance Notes. Looks at key clauses in the Guidance Notes and links them to recent case law. Notes that they have established standards and parameters for the work which the courts are accepting...

...Andrew Adams; Piers Venmore‐Rowland Assesses the likely success of various proposed property investment vehicles and property derivatives that are being introduced in the marketplace. Discusses single property investments, authorised property unit trusts and convertible and participating mortgages...

...Peter Moreton Takes a practical look at what is expected of a mortgage valuation and the main problem areas when it comes to claims. Discusses the difference between valuation and survey. Concludes that if a surveyor(valuer) misses a defect because its signs are hidden that is a risk that his...

...Ian Scott; Stuart Gronow Discusses the components of valuation expertise as applied to the residual mortgage valuation domain and considers the different levels of analysis at which this expertise is exhibited. Explores the difference between ′true′ valuation expertise and expertness...