journal6 ›› 2007, Vol. 28 ›› Issue (1): 38-40.

• Mathematics • Previous Articles     Next Articles

Pricing Mortgage Insurance When House Price is Driven by a Genegal Ito^ Process


  1. (1.College of Science,Hunan Agricultural University,Changsha 410128,China;2.Hunan College of Finance and Economics,Changsha 410205,China)
  • Online:2007-01-25 Published:2012-06-19

Abstract: Obtain the martingale pricing formulas and the insurance actuary pricing formulas to two kinds of mortgage insurance,and also prove that they go all the way when the unpaid money is a constant and  the house price is driven by a genegal Ito^ process.

Key words: mortgage, insurance, option, martingale pricing, insurance actuary pricing

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