{"product_id":"9783031878916","title":"Callable Mortgage Bonds Numerical Methods and Valuation Models for Pricing and Risk Analysis","description":"\u003ch3\u003eFinance for Professionals\u003c\/h3\u003e\u003ch1\u003eCallable Mortgage Bonds\u003c\/h1\u003e\u003ch2\u003eNumerical Methods and Valuation Models for Pricing and Risk Analysis\u003c\/h2\u003e\u003ch3\u003eNiels Rom\u003c\/h3\u003e\u003cdiv\u003e\u003cb\u003eBusiness \u0026amp; Economics \/ Finance \/ General\u003c\/b\u003e\u003c\/div\u003e\u003cbr\u003e\u003cdiv\u003e\n\u003cp class=\"xparagraph\" style=\"margin: 0cm; margin-bottom: .0001pt;\"\u003e\u003cspan class=\"xnormaltextrun\"\u003e\u003cspan lang=\"EN-GB\" style=\"mso-ansi-language: EN-GB;\"\u003eCallable mortgage bonds are utilized by individuals and companies to finance the purchase of real estate, and this asset class therefore plays a crucial role in modern society. Callable mortgage bonds constitute an enormous asset class and often offer long-term stable investments that are very attractive for pension funds.\u003c\/span\u003e\u003c\/span\u003e\u003cspan class=\"xeop\"\u003e \u003c\/span\u003e\u003c\/p\u003e\r\n\u003cp class=\"xparagraph\" style=\"margin: 0cm; margin-bottom: .0001pt;\"\u003e \u003c\/p\u003e\r\n\u003cp class=\"xparagraph\" style=\"margin: 0cm; margin-bottom: .0001pt; white-space: pre-wrap;\"\u003e\u003cspan style=\"font-variant-ligatures: none!important;\"\u003e\u003cspan class=\"xnormaltextrun\"\u003e\u003cspan lang=\"EN-GB\" style=\"mso-ansi-language: EN-GB;\"\u003eThis book focuses on the pricing and calculation of risk numbers of callable fixed-rate mortgage bonds. Owing to the, from a financial perspective, irrational behaviour of borrowers, the pricing of these instruments usually requires the use of numerical solutions. Traditionally, it has been either a Monte Carlo simulation or a Finite Difference method. This book covers both methods and, in addition, the relatively new Fourier technique. This latter technique also creates a link between the interest rate derivatives market and the market for callable mortgage bonds. Finally, a chapter presenting a model for the valuation of a mortgage credit institute’s loan book is included.\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003cspan class=\"xeop\"\u003e \u003c\/span\u003e\u003c\/p\u003e\n\u003c\/div\u003e\u003cdiv\u003e\u003cp class=\"xparagraph\" style=\"margin: 0cm; margin-bottom: .0001pt;\"\u003e\u003cspan class=\"xnormaltextrun\"\u003e\u003cstrong style=\"mso-bidi-font-weight: normal;\"\u003e\u003cspan lang=\"EN-GB\" style=\"mso-ansi-language: EN-GB;\"\u003eNiels Rom\u003c\/span\u003e\u003c\/strong\u003e is Head of Risk and Pricing Model Validation at Nordea Bank in Copenhagen (Denmark). His work includes pricing models, including \u003cspan style=\"border-bottom-color: transparent; background-position-x: 0px; background-position-y: 100%;\"\u003exVA\u003c\/span\u003e, market risk models, counterparty credit risk models and AI models. He leads a team consisting of validation specialists with backgrounds in Astrophysics, Mathematics, Mathematical Finance, Physics and Statistics.\u003c\/span\u003e\u003cspan class=\"xeop\"\u003e \u003c\/span\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cbr\u003e\u003ctable\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublication Date: \u003c\/td\u003e\n\u003ctd\u003e11 May 2026\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublisher: \u003c\/td\u003e\n\u003ctd\u003eSpringer Nature Switzerland\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eImprint: \u003c\/td\u003e\n\u003ctd\u003eSpringer\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eISBN-13: \u003c\/td\u003e\n\u003ctd\u003e9783031878916\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFormat: \u003c\/td\u003e\n\u003ctd\u003ePaperback \/ softback\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePage Count: \u003c\/td\u003e\n\u003ctd\u003e206\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e","brand":"Springer Nature Switzerland","offers":[{"title":"Default Title","offer_id":51033097207948,"sku":"9783031878916","price":58.49,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9783031878916.jpg?v=1782487707","url":"https:\/\/lateknightbooks.com\/products\/9783031878916","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}