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Mortgage Portfolio Analytics and the Underwater Refinance Solution
Mon, Nov 30, 2009 @ 02:30 PM - 03:30 PM
Daniel J. Epstein Department of Industrial and Systems Engineering
University Calendar
MATHEMATICAL FINANCE COLLOQUIUMTitle: "Mortgage Portfolio Analytics and the Underwater Refinance Solution"Speaker: Jason Thalken, PhD, VP, Portfolio Retention Analytics and Centralized Sales, Bank of America Home LoansABSTRACT: While home prices rose rapidly from 2000 through 2006, lending practices throughout the mortgage industry adapted to maintain affordability for aspiring homeowners. From 2004 through 2007, many borrowers financed their homes with interest-only or negatively amortizing loans in order to minimize their monthly payment. As home prices fall and these loans begin to reset into higher amortizing monthly payments, there exists a high probability of foreclosure for this population. This presentation will provide a mathematical perspective and introduction to the industry, as well as an introduction to one possible solution for borrowers facing this unfortunate scenario: The Underwater Refinance Solution (patent pending).MONDAY, 11/30/09, 2:30-3:30 PM, KAP 414
Location: Kaprielian Hall (KAP) - 414
Audiences: Everyone Is Invited
Contact: Georgia Lum
