Book description
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.
Table of contents
- THE FRANK J. FABOZZI SERIES
- Title Page
- Copyright Page
- Dedication
- Preface
- About the Authors
- PART One - Introduction to Mortgage and MBS Markets
- PART Two - Prepayment and Default Metrics and Behavior
- PART Three - Structuring
- PART Four - Valuation and Analysis
- APPENDIX - An Option-Theoretic Approach to Valuing MBS
- Index
Product information
- Title: Mortgage-Backed Securities: Products, Structuring, and Analytical Techniques
- Author(s):
- Release date: July 2007
- Publisher(s): Wiley
- ISBN: 9780470047736
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