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Interest Rates, Forward Commitments, and Life Insurance Company Demand for Mortgages

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dc.contributor.authorCorgel, John B.
dc.date.accessioned2020-09-12T21:10:05Z
dc.date.available2020-09-12T21:10:05Z
dc.date.issued1982-01-01
dc.description.abstract[Excerpt] Periodic flows of life insurance company (LIC) funds into the mortgage market result almost entirely from acceptances of forward commitment contracts negotiated months, and often years, earlier. Thus, Jaffee (1972) and others (Bisignano, 1971; Lintner, 1976; Lintner et al., 1978; Pesando, 1974; Ribble, 1973; and Smith and Sparks, 1971) have considered forward commitment behavior as the appropriate foundation for developing supply-of-mortgage-fund equations in large-scale econometric models and for analyzing the portfolio behavior of LICs and other financial institutions involved in issuing mortgage commitments.
dc.description.legacydownloadsCorgel66_Interest_rates.pdf: 58 downloads, before Aug. 1, 2020.
dc.identifier.other11326856
dc.identifier.urihttps://hdl.handle.net/1813/72226
dc.language.isoen_US
dc.rightsRequired Publisher Statement: © JAI Press. Final version published as: Corgel, J. B. (1982). Interest rates, forward commitments, and life insurance company demand for mortgages. Research in Real Estate, 1, 305-322. Reprinted with permission. All rights reserved.
dc.subjectlife insurance
dc.subjectmortgage market
dc.subjectcontract negotiation
dc.subjectinterest rate
dc.subjectasset yield
dc.titleInterest Rates, Forward Commitments, and Life Insurance Company Demand for Mortgages
dc.typearticle
local.authorAffiliationCorgel, John B.: jc81@cornell.edu Cornell University School of Hotel Administration

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