Collateralized Debt Obligations: Structures and Analysis, Second Edition

About the Authors

Douglas J. Lucas is an Executive Director at UBS and head of CDO Research. He is ranked top three in CDO research in the Institutional Investors fixed income analyst survey. His prior positions include head of CDO research at JPMorgan, co-CEO of Salomon Swapco, and analyst at Moody's Investors Service. While at Moody's he authored the rating agency's first default and rating transition studies, quantified the expected loss rating approach, and developed the rating methodologies for collateralized debt obligations and triple-A special purpose derivatives dealers. He is known for doing some of the first quantitative work in default correlation. Currently Chairman of The Bond Market Association's CDO Research Committee, Douglas has a BA magna cum laude in Economics from UCLA and an MBA with Honors from the University of Chicago.

Laurie S. Goodman is cohead of Global Fixed Income Research and manages U.S. Securitized Products (RMBS, ABS, CMBS, CDO) and Treasury/ Agency/Swap Research at UBS. As a mortgage analyst, Laurie has long dominated Institutional Investor's MBS categories, placing first in four categories 30 times over the last eight years. In 1993, Laurie founded the securitized products research group at Paine Webber, which merged with UBS in 2000. Prior to that, Laurie held senior fixed income research positions at Citicorp, Goldman Sachs, and Merrill Lynch and gained buy-side experience as a mortgage portfolio manager. She began her career as a Senior Economist ...