{"product_id":"callable-mortgage-bonds-niels-rom-9783031878886","title":"Callable Mortgage Bonds: Numerical Methods and Valuation Models for Pricing and Risk Analysis","description":"Callable 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.   This 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. \u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Niels Rom\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 3031878884\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9783031878886\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Springer\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 05\/10\/2025\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 206\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.10lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.21h x 6.14w x 0.56d","brand":"Niels Rom","offers":[{"title":"Hardcover","offer_id":46881173963007,"sku":"9783031878886","price":89.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_2e80c990-8758-4c55-9c9e-35342010b456.jpg?v=1747970899","url":"https:\/\/www.whiterainbookhouse.com\/products\/callable-mortgage-bonds-niels-rom-9783031878886","provider":"WR Book House","version":"1.0","type":"link"}