Mortgage Indemnities – A Risk/Reward Arbitrage?
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Abstract
Gives background to Commercial Mortgage Indemnity (CMI). Explains the concept and purpose of CMI. Explains: scope of cover, indemnities vs guarantees, “top slice” CMI, total cover, underwriting criteria and how to make a claim. Concludes that whereas CMI is sensitive to market conditions, capacity will expand with returning confidence.
Keywords
Citation
Wyles, M. (1990), "Mortgage Indemnities – A Risk/Reward Arbitrage?", Journal of Property Finance, Vol. 1 No. 3. https://doi.org/10.1108/09588689010032407
Publisher
:MCB UP Ltd
Copyright © 1990, MCB UP Limited