Pricing of Reverse Mortgages
are home equity release products which enable elderly house owners to receive a
cash flow from a bank without having to leave their property. Interest and debt
payments are deferred and are paid out of the property value upon expiration of
the contract (at the close of life). Reverse mortgages originated in the U.S. but
are increasingly found in Europe. Purpose of this project is the analysis of
pricing of reverse mortgages.
Duration: 01.06.2011 - 30.12.2011