Credit Risk of Mortgage Loans: Modelling and Management

Hardcover, 509 pages, NOT ex-library. Book is clean and bright, with unmarked text, free of inscriptions and stamps. Limited signs of gentle handling wear. Issued without a dust jacket. -- The book covers a number of important issues recording the mortgage finance market; with particular focus on how statistical methods can help estimate the risk of adjusting credit value versus its collateral, transfer problems and freezing risk in mortgage loan portfolio. It also covers both benefits and risk resulting from securitization transactions and the possibility to make use of derivative instruments in managing mortgage credit risk. -- Contents: 1. Identification, Measurement and Monitoring of Credit Risk Factors: -- Credit Risk Assessment: Sources of Information / Mariusz Wyzycki & Dariusz Palczynski; Impact of Borrower's Income on Credit Risk / Piotr Meluch; Mortgage Loan Prepayment Risk: Measurement / Piotr Meluch; Risk Assessment in Mortgage Loans Scoring / Stanislaw Kolasinski; Controlling Credit Risk of Mortgage Loans / Robert Van Order; Bank Risk Management in Housing Investment / Waldemar Rogowski & Malgorzata Kakol; Monitoring and Risk Factors Mitigation of Property as Mortgage Loan Collateral: Databases / Agnieszka Gorska & Jan Robert Nowak; 2. Credit Risk Modelling: -- Mortgage Loans Portfolio Credit Risk Modelling: General Approach / Krzysztof Jajuga; Credit Risk Modelling Principles: Insurers' Perspective / Tadeusz Holynski; Basel II and Risk Management of Mortgage Portfolios / Atanasios Mitropoulos; Evaluation of Insolvency of a Construction Company and Borrower's Credit Risk Assessment / Malgorzata Zaleska; Default Risk Evaluation for Construction Sector in Poland / Zbigniew Krysiak; Transition Matrices: A Promising Tool for Retail Portfolio Capital Allocation / Sarfaraz Ahmed; An Econometric Model of Mortgages Arrears: Implications for Credit Risk / Joseph Nellis; Rating Methodology for Polish Covered Bonds / Dorota Skala; 3. Credit Risk Mitigation: -- Statistical Methods of Mortgage Loans Collateral Valuation / Jozef Czaja; Insurance Products in Credit Risk Mitigation: Characteristic and Valuation / Dariusz Machala; Insurance for Bank Loans: Credit Life, Credit Disability and Involuntary Unemployment Insurance from a Captive Insurance Company / Andrzej Liwacz; Balancing Risk Transfer and Risk Retention in Mortgage Loan Portfolios / Jonathan Bowring; Risk Transfer in Securitization Process / Jolanta Zombirt; Role of the Guarantee Funds in Risk Mitigation / Boleslaw Meluch; Establishing Mortgage Guarantee Insurance in Transition and Emerging Markets: A Case Study of Kazakhstan / Sally Merrill & Douglas Whiteley; Title Insurance: A Recent Innovation in Risk Management / Jean-Bernard Wurm; Derivative Instruments in Real Estate Market / Krzysztof Jajuga; Importance of Accurate House Price Measurement in the Context of Mortgage Risk Management / Joseph Nellis & Catarina Figueira-Theodorakopoulou; 4. Functionality of the Institutional Framework in Risk Management: -- Co-operation of Real Estate Finance Market Institutions in Risk Mitigation Process / Marek Bryx; Role of the Real Estate Market for Banks' Safety and Soundness / Malgorzata Iwanicz-Drozdowska; Housing Mortgage Loans as a Dynamic Factor of Improving Effectiveness and Competitiveness of Polish Banking Sector / Stanislaw Kasiewicz; Credit Risk Capacity in Relation to Financial Institution's Capital and Market Size / Lukasz Reksa; Housing Market and Its Specific Determining Credit Risk of Mortgage Loans / Jacek Laszek; Securitization of Bank Assets in Polish Law / Norbert Jeziolowicz & Jakub Mach. …