A Dynamic financial optimization approach to structuring mortgage backed securities in Kenya
Date
2018
Authors
Ng'eno, William Kipyegon
Journal Title
Journal ISSN
Volume Title
Publisher
Strathmore University
Abstract
Ideally, there should be a match between the demand for housing in an economy and its supply. This would ensure stability in house prices as well as affordability (Munene, 2010). In sub-Saharan Africa, slum populations grow at 4.5 percent per annum (Marx, Stoker, & Suri, 2013). At this rate, slum populations would double every fifteen years. It is expected that Nairobi 's population will grow to over 8 million by the year 2025 given the rapid urban population growth rate. Unlike cities in developed countries, this increase is not accompanied by a corresponding improvement in socio-economic and environmental development (Mutisya & Y arime, 2011 ).
Description
A Research project submitted in partial fulfillment of the requirements for the degree of Bachelor of Business Science in Actuarial Science at Strathmore University
Keywords
mortgage securities, Financial optimization, Loans