Reverse Mortgages and Linked Securities

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.

Reverse Mortgages and Linked Securities An institutional investor's guide to reverse mortgage securitization Many seniors have lost their nest eggs during the most recent economic crisis and are looking to supplement their retirement savings by extracting equity from their homes by way of reverse mortgages. With contributions from many of the leading minds in the Home Equity Conversion Mortgage (HECM) industry, Reverse Mortgages and Linked Securities offers specific strategies that will help institutional investors to benefit from the resurgence of reverse mortgages and linked securities. 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. Over the next five to ten years, the reverse mortgage will play an increasingly important role in the market for structured financial products, and a strong understanding of it on the part of financial services firms will be vital to compete in the modern marketplace. Reverse Mortgages and Linked Securities provides institutional investors with a solid foundation for understanding the mechanics of the reverse mortgage transaction. Contributors include: Micah Bloomfield of Stroock & Stroock & Lavan LLP; Michael V. Fasano of Fasano Associates; Kai Gilkes, Victoria Johnstone, Apea Koranteng, Karen Naylor, and Andrea Quirk of Standard & Poor's; Peter Macrae Mazonas of Life Settlement Financial, LLC; Olivia S. Mitchell of The Wharton School; Nemo Perera and Chris DeSilva of Risk Capital Partners; John Piggott of the University of New South Wales; Joseph Selvidio of Stroock & Stroock & Lavan LLP; Charles Stone of Brooklyn College; Boris Ziser of Stroock & Stroock & Lavan LLP; and Anne Zissu of Citytech, City University of New York.

Reverse Mortgages and Linked Securities An institutional investors guide to reverse mortgage securitization Many seniors have lost their nest eggs during the most recent economic crisis and are looking to supplement their retirement savings by extracting equity from their homes by way of reverse mortgages. With contributions from many of the leading minds in the Home Equity Conversion Mortgage (HECM) industry, Reverse Mortgages and Linked Securities offers specific strategies that will help institutional investors to benefit from the resurgence of reverse mortgages and linked securities. 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. Over the next five to ten years, the reverse mortgage will play an increasingly important role in the market for structured financial products, and a strong understanding of it on the part of financial services firms will be vital to compete in the modern marketplace. Reverse Mortgages and Linked Securities provides institutional investors with a solid foundation for understanding the mechanics of the reverse mortgage transaction. Contributors include: Micah Bloomfield of Stroock & Stroock & Lavan LLP; Michael V. Fasano of Fasano Associates; Kai Gilkes, Victoria Johnstone, Apea Koranteng, Karen Naylor, and Andrea Quirk of Standard & Poors; Peter Macrae Mazonas of Life Settlement Financial, LLC; Olivia S. Mitchell of The Wharton School; Nemo Perera and Chris DeSilva of Risk Capital Partners; John Piggott of the University of New South Wales; Joseph Selvidio of Stroock & Stroock & Lavan LLP; Charles Stone of Brooklyn College; Boris Ziser of Stroock & Stroock & Lavan LLP; and Anne Zissu of Citytech, City University of New York.

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