Mortgage-Backed Securities: Products, Structuring, and Analytical Techniques
Frank J. Fabozzi, Anand K. Bhattacharya, William S. Berliner, "Mortgage-Backed Securities: Products, Structuring, and Analytical Techniques"
English | 2009 | ISBN: 0470047739 | 379 pages | EPUB | 8 MB
English | 2009 | ISBN: 0470047739 | 379 pages | EPUB | 8 MB
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 structuring mortgage products-such as agency CMOs and new types of mortgages-and an in-depth explanation of the concept of option-adjusted spreads and other analytical concepts used to assess relative value.