Think of a guy who is anxious that his hacienda in Miami might be caught in a bubble but doesn't want to cash out and move. If he buys a put option on the Miami housing-price index and the value of homes in Miami (including his) slides, the money he makes on the derivative offsets his loss. A put option is the right, but not the obligation, to sell a security at a set price. A futures contract is an agreement to buy or sell something at a future date. Both are derivatives because they derive their value from an underlying asset, in this case, real estate. The notional value of the futures contract is about $50,000 and is bought on margin with just a few percent down, which means you can get badly burned. Since the May debut, developers and hedge funds are among the big buyers.
Tags:
Asset
Miami Housing
Hedge Funds
Showing posts with label Loan and Lease Insurance. Show all posts
Showing posts with label Loan and Lease Insurance. Show all posts
Friday, January 12, 2007
Thursday, January 11, 2007
Is Home mortgage good?
Normally, a home mortgage is comprised of a large loan. That's why in most cases a home mortgage can take 15 to 30 years before the borrower can pay back the due amount. In a home mortgage, the due amount to be paid by the borrower stipulates the principal amount of the mortgage and the interest owed relative to the outstanding balance. The real estate taxes and property insurance are also factored into the total mortgage balance.
Tags:
Real estate taxes
Tags:
Real estate taxes
Insurance Necessity
The trucking company didn't obtain a DPS report on Mr. Largent's driving record or run a criminal background check on him, according to court documents. If it had, JTM would have learned that Mr. Largent had been arrested for burglary in the early 1970s, convicted of driving while intoxicated in 1980 and convicted of methamphetamine possession in 1984 and sentenced to three months in jail. He was charged with driving while intoxicated in February 1994 but pleaded guilty to reckless conduct, received deferred adjudication and was sentenced to community service. He also had been ticketed five times between 1982 and 1990 for driving without liability insurance, a DPS report showed.
Tags:
Countless dangers without Insurance
Tags:
Countless dangers without Insurance
Insurance - Auto and Home
The new venture, called Greenbee, went live yesterday, offering customers a range of general insurance products, as well as travel agency and ticketing services. The company has said it will expand into life insurance, in partnership with Friends Provident, in the New Year, and is finalising a tie-up with Cox & Kings to provide high-end holiday packages.The partnership is effectively following a model pioneered by Tesco. All products will be supplied by partner organisations, such as Axa and Expedia, and next year Friends Provident is expected to join to provide life assurance and Cox & Kings will start offering its up-market travel services.
Tags:
General Insurance Products
Tags:
General Insurance Products
Subscribe to:
Posts (Atom)