Mortgage-backed securities : products, structuring, and analytical techniques / Frank J. Fabozzi, Anand K. Bhattacharya, William S. Berliner.

Format:

Book

Author/Creator:

Fabozzi, Frank J., author.

Berliner, William S., author.

Bhattacharya, Anand K., author.

Series:

Frank J. Fabozzi series.

Frank J. Fabozzi Series

Language:

English

Subjects (All):

Mortgage-backed securities.

Physical Description:

1 online resource (336 p.)

Edition:

1st edition

Place of Publication:

Hoboken, New Jersey : John Wiley & Sons, Inc., 2007.

Language Note:

English

System Details:

text file

Summary:

An in-depth look at the latest innovations in mortgage-backed securities The largest sector of the fixed-income market is the mortgage market. Understanding this market is critical for portfolio managers, as well as issuers who must be familiar with how these securities are structured. Mortgage-Backed Securities is a timely guide to the investment characteristics, creation, and analysis of residential real estate-backed securities. Each chapter contains cutting-edge information for investors, traders, and other professionals involved in this market, including discussions of str

Contents:

Mortgage-Backed Securities; Contents; Preface; About the Authors; Part One: Introduction to Mortgage and MBS Markets; Chapter 1: Overview of Mortgages and the Consumer Mortgage Market; Chapter 2: Overview of the Mortgage-Backed Securities Market; Part Two: Prepayment and Default Metrics and Behavior; Chapter 3: Measurement of Prepayments and Defaults; Chapter 4: Prepayment Behavior and Performance; Part Three: Structuring; Chapter 5: Introduction to MBS Structuring Techniques; Chapter 6: Fundamental MBS Structuring Techniques: Divisions of Principal

Chapter 7: Fundamental MBS Structuring Techniques: Divisions of InterestChapter 8: Structuring Private Label CMOs; Chapter 9: The Structuring of Mortgage ABS Deals; Part Four: Valuation and Analysis; Chapter 10: Techniques for Valuing MBS; Chapter 11: Measuring MBS Interest Rate Risk; Chapter 12: Evaluating Senior MBS and CMOs; Appendix: An Option-Theoretic Approach to Valuing MBS*; OPTION-THEORETIC MODELS FOR VALUING MBS; AN OPTION-BASED PREPAYMENT MODEL FOR MORTGAGES; VALUATION OF MORTGAGES; A CLOSER LOOK AT LEAPERS AND LAGGARDS; VALUATION OF MBS; SUMMARY; Index

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on print version record.

ISBN:

9786610916344

9781280916342

1280916346

9780470179741

0470179740

OCLC:

166410123