Basics Of Mortgage Backed Securities

Author : Richard K. Green
Publisher : Academic Press
Page : 256 pages
File Size : 48,8 Mb
Release : 2013-11-21
Category : Business & Economics
ISBN : 9780124045934

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Introduction to Mortgages and Mortgage Backed Securities by Richard K. Green Pdf

In Introduction to Mortgages & Mortgage Backed Securities, author Richard Green combines current practices in real estate capital markets with financial theory so readers can make intelligent business decisions. After a behavioral economics chapter on the nature of real estate decisions, he explores mortgage products, processes, derivatives, and international practices. By focusing on debt, his book presents a different view of the mortgage market than is commonly available, and his primer on fixed-income tools and concepts ensures that readers understand the rich content he covers. Including commercial and residential real estate, this book explains how the markets work, why they collapsed in 2008, and what countries are doing to protect themselves from future bubbles. Green's expertise illuminates both the fundamentals of mortgage analysis and the international paradigms of products, models, and regulatory environments. Written for buyers of real estate, not mortgage lenders Balances theory with increasingly complex practices of commercial and residential mortgage lending Emphasizes international practices, changes caused by the 2008-11 financial crisis, and the behavioral aspects of mortgage decision making

Author : Joseph Hu
Publisher : John Wiley & Sons
Page : 192 pages
File Size : 47,8 Mb
Release : 2001-01-15
Category : Business & Economics
ISBN : 1883249872

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Basics of Mortgage-Backed Securities by Joseph Hu Pdf

The purpose of Basics of Mortgage-Backed Securities is to provide readers with a fundamental understanding of mortgage securities as an integral part of investment in fixed-income securities. The second edition of this MBS classic provides the latest information on the U.S. residential mortgage market, adjustable-rate mortgages and mortgage pass-throughs, relative value analyses and performance characteristics. Dr. James Hu discusses the major changes within the mortgage market that may affect the fundamentals of mortgage securities. Some of these are: the recovery of the REMIC market after its collapse; the flourish of private-label securities; the growth of equity loan-backed securities and its establishment as a member of the fixed-income securities family. Also included are additional historical data for all exhibits. Mortgage pre-payment, dollar rolls, and private-label mortgage-backed securities are also addressed.

Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 50,7 Mb
Release : 1997
Category : Electronic
ISBN : 0070307466

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Basics Mortgage Backed Securities by Anonim Pdf

Author : Frank J. Fabozzi,Anand K. Bhattacharya,William S. Berliner
Publisher : John Wiley & Sons
Page : 302 pages
File Size : 52,7 Mb
Release : 2010-12-30
Category : Business & Economics
ISBN : 9781118044711

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Mortgage-Backed Securities by Frank J. Fabozzi,Anand K. Bhattacharya,William S. Berliner Pdf

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.

Author : Frank J. Fabozzi
Publisher : Oxford University Press
Page : 864 pages
File Size : 52,8 Mb
Release : 2016-08-11
Category : Business & Economics
ISBN : 9780191088773

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The Handbook of Mortgage-Backed Securities, 7th Edition by Frank J. Fabozzi Pdf

This edition of The Handbook of Mortgage-Backed Securities, the first revision following the subprime mortgage crisis, is designed to provide not only the fundamentals of these securities and the investment characteristics that make them attractive to a broad range of investors, but also extensive coverage on the state-of-the-art strategies for capitalizing on the opportunities in this market. The book is intended for both the individual investor and the professional manager. The volume includes contributions from a wide range of experts most of whom have been actively involved in the evolution of the mortgage-backed securities market.

Author : Glenn M. Schultz
Publisher : John Wiley & Sons
Page : 532 pages
File Size : 54,8 Mb
Release : 2016-01-19
Category : Business & Economics
ISBN : 9781119221500

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Investing in Mortgage-Backed and Asset-Backed Securities by Glenn M. Schultz Pdf

A complete guide to investing in and managing a portfolio of mortgage- and asset-backed securities Mortgage- and asset-backed securities are not as complex as they might seem. In fact, all of the information, financial models, and software needed to successfully invest in and manage a portfolio of these securities are available to the investment professional through open source software. Investing in Mortgage and Asset-Backed Securities + Website shows you how to achieve this goal. The book draws entirely on publicly available data and open source software to construct a complete analytic framework for investing in these securities. The analytic models used throughout the book either exist in the quantlib library, as an R package, or are programmed in R and incorporated into the analytic framework used. Examines the valuation of fixed-income securities—metrics, valuation framework, and return analysis Covers residential mortgage-backed securities—security cash flow, mortgage dollar roll, adjustable rate mortgages, and private label MBS Discusses prepayment modeling and the valuation of mortgage credit Presents mortgage-backed securities valuation techniques—pass-through valuation and interest rate models Engaging and informative, this book skillfully shows you how to build, rather than buy, models and proprietary analytical platforms that will allow you to invest in mortgage- and asset-backed securities.

Author : Frank J. Fabozzi
Publisher : Oxford University Press
Page : 864 pages
File Size : 52,8 Mb
Release : 2016-09-01
Category : Business & Economics
ISBN : 9780191088780

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The Handbook of Mortgage-Backed Securities, 7th Edition by Frank J. Fabozzi Pdf

This edition of The Handbook of Mortgage-Backed Securities, the first revision following the subprime mortgage crisis, is designed to provide not only the fundamentals of these securities and the investment characteristics that make them attractive to a broad range of investors, but also extensive coverage on the state-of-the-art strategies for capitalizing on the opportunities in this market. The book is intended for both the individual investor and the professional manager. The volume includes contributions from a wide range of experts most of whom have been actively involved in the evolution of the mortgage-backed securities market.

Author : Frank J. Fabozzi
Publisher : Oxford University Press
Page : 831 pages
File Size : 45,5 Mb
Release : 2016
Category : Business & Economics
ISBN : 9780198785774

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The Handbook of Mortgage-backed Securities by Frank J. Fabozzi Pdf

Previous edition: New York: McGraw-Hill, 2006.

Author : Frank J. Fabozzi,Anand K. Bhattacharya,William S. Berliner
Publisher : John Wiley & Sons
Page : 358 pages
File Size : 44,6 Mb
Release : 2011-08-31
Category : Business & Economics
ISBN : 9781118149294

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Mortgage-Backed Securities by Frank J. Fabozzi,Anand K. Bhattacharya,William S. Berliner Pdf

An up-to-date look at the latest innovations in mortgage-backed securities Since the last edition of Mortgage-Backed Securities was published over three years ago, much has changed in the structured credit market. Frank Fabozzi, Anand Bhattacharya, and William Berliner all have many years of experience working in the fixed-income securitization markets, and have witnessed many cycles of change in the mortgage and MBS sectors. And now, with the Second Edition of Mortgage-Backed Securities, they share their knowledge on many of the products and structuring innovations that have taken place since the financial crisis and fiscal reform. Written in a straightforward and accessible style, and containing numerous illustrations, this timely guide skillfully addresses the investment characteristics, creation, and analysis of mortgage-backed securities. Each chapter contains cutting-edge concepts that you'll need to understand in order to thrive within this arena. Discusses the dynamic interaction between the mortgage industry, home prices, and credit performance Addresses revised valuation techniques in which all non-agency MBS must be treated as credit pieces Examines the shift in this marketplace since the crisis and the impact on industry and investors Filled with in-depth insights and expert advice, Mortgage-Backed Securities, Second Edition offers you a realistic assessment of this field and outlines the products, structures, and analytical techniques you need to know about in this evolving arena.

Author : Frank J. Fabozzi
Publisher : Irwin Professional Publishing
Page : 506 pages
File Size : 55,8 Mb
Release : 1987
Category : Business & Economics
ISBN : IND:39000008330313

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Mortgage-backed Securities by Frank J. Fabozzi Pdf

Author : Frank J. Fabozzi
Publisher : Irwin Professional Publishing
Page : 656 pages
File Size : 48,8 Mb
Release : 1985
Category : Business & Economics
ISBN : IND:39000008208162

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The Handbook of Mortgage-backed Securities by Frank J. Fabozzi Pdf

The definitive MBS guide, with fully updated material on the latest mortgage-backed products, methods, models, and portfolio strategies By providing hands-on information vital to market participants, previous editions of "The Handbook of Mortgage-Backed Securities" were instrumental in fueling the growth of the mortgage-backed securities market. The sixth edition contains all the elements that made previous editions so successful and influential, and provides you with more than 25 new chapters on topics including collateralized mortgage obligations, prepayment derivatives, loan level determinants of repayments, new approaches to MBS valuation, and a survey of non-U.S. mortgage rates.

Author : Lakhbir Hayre
Publisher : John Wiley & Sons
Page : 896 pages
File Size : 42,9 Mb
Release : 2001-05-07
Category : Business & Economics
ISBN : 0471385875

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Salomon Smith Barney Guide to Mortgage-Backed and Asset-Backed Securities by Lakhbir Hayre Pdf

Der Markt für hypothekarisch gedeckte und forderungsbesicherte Wertpapiere ist seit 1980 von etwa 1 Milliarde US Dollar auf über 2,5 Billionen US Dollar angestiegen. Der "Salomon Smith Barney Guide to Mortgaged-Backed and Asset-Backed Securities" trägt dieser Entwicklung Rechnung. Autor Lakhbir Hayre, Mitarbeiter von Salomon Smith Barney, New York, erläutert dieses Thema anhand von unternehmeninternem Material anschaulich, zusammenhängend, praxisnah und umfassend. Dieses Buch ist nicht nur ein nützlicher Leitfaden für die Praxis, sondern auch ein ideales Übungsbuch und Nachschlagewerk für alle Investmentprofis, institutionelle Anleger und Anleger in Pensionsfonds und Hedge Funds.

Author : Laurence G. Taff
Publisher : Amacom Books
Page : 256 pages
File Size : 40,9 Mb
Release : 2002
Category : Business & Economics
ISBN : 0814407390

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An Investment Guide to Mortgage-Backed Securities by Laurence G. Taff Pdf

The U.S. residential mortgage market is worth 4 trillion dollars -- more than stocks, corporate bonds, or any other headline market. And since people will always buy homes, mortgage securities are among the most stable investment vehicles available anywhere.This book takes investment professionals and sophisticated consumer investors through the strategy, mathematics, and risk management of mortgage securities. From a basic explanation of how these investments work to the detailed math behind the savviest decisions, author Laurence Taft covers: how and why to invest in mortgage securities, as compared to other fixed-income instruments -- different types of mortgages and their markets -- how to predict and model interest rates using universally accepted methods -- how rate changes, accelerated payment, and early payoff can affect return -- and much moreAll the information is supported by equations the author has developed in his career at one of the nation's largest issuers of mortgages and mortgage securities.

Author : Frank Fabozzi,Frank J. Fabozzi
Publisher : McGraw Hill Professional
Page : 30 pages
File Size : 51,9 Mb
Release : 2005-04-15
Category : Business & Economics
ISBN : 9780071718189

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The Handbook of Fixed Income Securities, Chapter 22 - An Overview of Mortgages and the Mortgage Market by Frank Fabozzi,Frank J. Fabozzi Pdf

From The Handbook of Fixed Income Securities--the most authoritative, widely read reference in the global fixed income marketplace--comes this sample chapter. This comprehensive survey of current knowledge features contributions from leading academics and practitioners and is not equaled by any other single sourcebook. Now, the thoroughly revised and updated seventh edition gives you the facts and formulas you need to compete in today's transformed marketplace. It places increased emphasis on applications, electronic trading, and global portfolio management.

Author : Frank J. Fabozzi,Chuck Ramsey,Michael Marz
Publisher : John Wiley & Sons
Page : 532 pages
File Size : 52,8 Mb
Release : 2000-02-15
Category : Business & Economics
ISBN : 1883249686

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The Handbook of Nonagency Mortgage-Backed Securities by Frank J. Fabozzi,Chuck Ramsey,Michael Marz Pdf

Frank Fabozzi and Chuck Ramsey update their treatise on nonagency mortgage backed securities in this third edition of The Handbook of Nonagency Mortgage Backed Securities. Focused on an important investing area that continues to grow, this book provides comprehensive coverage of all aspects of this specialized market sector, including the mortgage-related asset-backed securities market and commercial mortgage-backed securities. There is information on raw products, such as jumbo loans, alternative A mortgages, and 125 LTV mortgages, as well as structured products, analytical techniques, prepayment characteristics, and credit issues. This fast-growing segment also includes nonagency pass through, nonagency collateralized mortgage obligations, home loan equity-backed securities, and manufacture housing loan backed securities.