On the Linearly Increasing System of Amortization

Clovis de Faro

Brazilian Review of Finance, 2013, vol. 11, issue 4, 559-576

Abstract: Aiming to reach a compromise solution to the issues of default risk and the payment capacity of takers of housing loans, Jorge Oscar de Mello Flôres submited to the Banco Nacional de Habitação, which was then in charge of the Brazilian System of Housing Financing, what he named as the Linearly Increasing System of Amortization. (LISA). Following a critical analysis of the LISA, it is proposed the alternative named as the Generalyzed System of Mixed Amortization (GSMA).

Keywords: Mathematics of Finance; Amortization Systems; Mortgage Financing (search for similar items in EconPapers)
JEL-codes: C6 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:brf:journl:v:11:y:2013:i:4:p:559-576

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