July 2008
Beginner
384 pages
9h 52m
English
Content preview from Introduction to Securitization
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CHAPTER 8
Collateral Classes in ABS: Retail Loans
In the previous chapters, we described the process of securitization, specifically with reference to mortgage-backed securities. Where the assets are not mortgage-backed, the securities that result out of securitization are referred to as asset-backed securities. Since securitization is essentially a device of integration and differentiation of assets, the asset that goes into the securitization process is of utmost significance. In this chapter, we study several prevailing asset classes, all belonging under the general label of asset-backed securities.
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