Laurie S. Goodman, Shumin Li, Douglas J. Lucas, "Subprime Mortgage Credit Derivatives (Frank J. Fabozzi Series)" (Repost)
Laurie S. Goodman, Shumin Li, Douglas J. Lucas, "Subprime Mortgage Credit Derivatives (Frank J. Fabozzi Series)"
ISBN: 047024366X | edition 2008 | PDF | 354 pages | 10,4 mb
ISBN: 047024366X | edition 2008 | PDF | 354 pages | 10,4 mb
Divided into four parts, this book addresses a variety of important topics, including mortgage credit (non-agency, first and second lien), mortgage securitizations (alternate structures and subprime triggers), credit default swaps on mortgage securities (ABX, cash synthetic relationships, CDO credit default swaps), and much more. In addition, the authors outline the origins of the subprime crisis, showing how during the 2004-2006 period, as housing became less affordable, origination standards were stretched-and when home price appreciation then turned to home price depreciation, defaults and delinquencies rose across the board.
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