Modeling and Valuing Mortgage Assets - ALM （抵押资产评估建模和- ALM）.pdfVIP

Modeling and Valuing Mortgage Assets Modeling and Valuing Mortgage Assets Interest rates have increased since hitting cyclical (and generational) lows over a year ago in June 2003. As interest rates increase, most banks experience a decrease in the economic value of equity, as the economic value of assets tends to be more volatile than the economic value of liabilities. Mortgage assets tend to be among the more volatile of asset valuations, whether held as mortga