Collateralized Mortgage Obligations

Author : Frank J. Fabozzi,Chuck Ramsey
Publisher : John Wiley & Sons
Page : 272 pages
File Size : 42,5 Mb
Release : 1999-07-15
Category : Business & Economics
ISBN : 1883249627

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Collateralized Mortgage Obligations by Frank J. Fabozzi,Chuck Ramsey Pdf

Financial experts Chuck Ramsey and Frank Ramirez join Frank Fabozzi for the third edition of Collateralized Mortgage Obligations: Structure & Analysis. Because of the complexity and the risk associated with CMOs, portfolio managers need specific keys to understand and unlock the potential of these unique investment tools. Fabozzi and company provide this understanding with detailed explanations of all aspects of CMOs, including factors affecting prepayment behavior; whole loan CMO structures; and accounting for CMO investments. Filled with relevant examples and in-depth discussions, Collateralized Mortgage Obligations: Structure & Analysis sheds light on this somewhat controversial and highly technical subject-which is one of the fastest-growing sectors of the fixed-income securities market.

Author : Frank J. Fabozzi,Charles Ramsey,Frank R. Ramirez
Publisher : Unknown
Page : 250 pages
File Size : 49,7 Mb
Release : 1993-04
Category : Mortgage-backed securities
ISBN : 1883249007

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Collateralized Mortgage Obligations by Frank J. Fabozzi,Charles Ramsey,Frank R. Ramirez Pdf

Financial experts Chuck Ramsey and Frank Ramirez join Frank Fabozzi for the third edition of Collateralized Mortgage Obligations: Structure & Analysis. Because of the complexity and the risk associated with CMOs, portfolio managers need specific keys to understand and unlock the potential of these unique investment tools. Fabozzi and company provide this understanding with detailed explanations of all aspects of CMOs, including factors affecting prepayment behavior; whole loan CMO structures; and accounting for CMO investments. Filled with relevant examples and in-depth discussions, Collateralized Mortgage Obligations: Structure & Analysis sheds light on this somewhat controversial and highly technical subject-which is one of the fastest-growing sectors of the fixed-income securities market.

Author : Andrew S. Davidson,Thomas S. Y. Ho,Yung C. Lim
Publisher : Irwin Professional Publishing
Page : 312 pages
File Size : 50,8 Mb
Release : 1994
Category : Business & Economics
ISBN : STANFORD:36105060936536

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Collateralized Mortgage Obligations by Andrew S. Davidson,Thomas S. Y. Ho,Yung C. Lim Pdf

Authors and leading financial innovators Andrew S. Davidson, Thomas S. Y. Ho and Yung C. Lim provide tools to analyze a wide variety of CMO structures and discuss how to build a portfolio of CMOs that matches an investor's risk/reward profile. Most importantly, they show how to understand and manage the risks of these complex instruments so that investors will be able to recognize the rewards of CMOs while controlling the risk. Other topics addressed in this groundbreaking book include: understanding CMO deal structures; sequentials, subordinate PAC, TAC component scheduled floaters; superfloaters, inverse floaters, inverse floaters-IP and kitchen-sink bonds; prepayment volatility and vector-analysis; glossary of terms.

Author : Frank J. Fabozzi,Chuck Ramsey,Frank R. Ramirez
Publisher : Irwin Professional Publishing
Page : 340 pages
File Size : 42,8 Mb
Release : 1995
Category : Business & Economics
ISBN : UOM:35128001958444

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Whole-loan CMOs by Frank J. Fabozzi,Chuck Ramsey,Frank R. Ramirez Pdf

The definitive book on one of the fastest growing segments of the collateralized mortgage obligations market. Unlike traditional CMOs which are backed by government agencies, whole loan CMOs are backed by private entities. As a result, whole loan CMOs expose investors to credit risk, in addition to the traditional prepayment risk. Containing contributions from the top people in the field, Whole Loan CMOs expose investors to credit risk, in addition to the traditional prepayment risk. Containing contributions from the top people in the field, Whole Loan CMOs provides investors with the analytical tools they need to capitalize in this exciting, new market. Specific topics include: introduction to whole-loan CMOs; investment characteristics of whole-loan CMOs; evaluating the credit risk of whole-loan CMOs; prepayment analysis of whole-loan CMOs.

Author : Daniel R. Amerman
Publisher : McGraw-Hill Companies
Page : 283 pages
File Size : 45,8 Mb
Release : 1996
Category : Business & Economics
ISBN : 0070014760

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Collateralized Mortgage Obligations by Daniel R. Amerman Pdf

A comprehensive introduction to the highly technical and often controversial subject of collateralized mortgage obligations (CMOs). It covers virtually every aspect of these securities, including tranching (the art of separating pooled mortgages into short-, medium- and long-term maturities), market participants, evaluation techniques, CMOs in bull and bear markets and more. A special section analyzes in depth all types of CMOs in existence.

Author : Laurie S. Goodman,Frank J. Fabozzi
Publisher : John Wiley & Sons
Page : 386 pages
File Size : 45,8 Mb
Release : 2002-11-25
Category : Business & Economics
ISBN : 9780471445616

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Collateralized Debt Obligations by Laurie S. Goodman,Frank J. Fabozzi Pdf

A practical guide to the features and investment characteristics of CDOs In the bond area, collateralized debt obligations, which include collateralized bond obligations and collateralized loan obligations, are the fastest-growing sector. Collateralized Debt Obligations: Structures and Analysis describes the various products in this area-cash flow CDOs, market value CDOs, synthetic CDOs, etc.-and explains how to evaluate them. With this book as their guide, investment managers and institutional investors alike will learn how to analyze the risks associated with CDOs, create a portfolio of CDO products, and assess trading opportunities in the secondary market.

Author : Douglas J. Lucas,Laurie S. Goodman,Frank J. Fabozzi,Rebecca Manning
Publisher : John Wiley & Sons
Page : 304 pages
File Size : 55,9 Mb
Release : 2007-05-04
Category : Business & Economics
ISBN : 9780470135549

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Developments in Collateralized Debt Obligations by Douglas J. Lucas,Laurie S. Goodman,Frank J. Fabozzi,Rebecca Manning Pdf

Developments In Collateralized Debt Obligations The fastest growing sector of the fixed income market is the market for collateralized debt obligations (CDOs). Fostered by the development of credit default swaps (CDS) on all types of indexes of corporate bonds, emerging market bonds, commercial loans, and structured products, new products are being introduced into this market with incredible speed. In order to keep up with this dynamic market and its various instruments, you need a guide that provides you with the most up-to-date information available. That's why Douglas Lucas, Laurie Goodman, Frank Fabozzi, and Rebecca Manning have created Developments in Collateralized Debt Obligations. Filled with in-depth insights regarding new products, like hybrid assets in ABS CDOs and trust preferred CDOs, and detailed discussions on important issues-such as the impact of CDOs on underlying collateral markets-this book will bring you completely up to speed on essential developments in this field. Written in a straightforward and accessible style, Developments in Collateralized Debt Obligations will enhance your understanding of this ever-evolving market-and its numerous products.

Author : Douglas J. Lucas,Laurie S. Goodman,Frank J. Fabozzi
Publisher : John Wiley & Sons
Page : 528 pages
File Size : 40,7 Mb
Release : 2006-08-04
Category : Business & Economics
ISBN : 9780470045312

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Collateralized Debt Obligations by Douglas J. Lucas,Laurie S. Goodman,Frank J. Fabozzi Pdf

Since first edition's publication, the CDO market has seen tremendous growth. As of 2005, $1.1 trillion of CDOs were outstanding -- making them the fastest-growing investment vehicle of the last decade. To help you keep up with this expanding market and its various instruments, Douglas Lucas, Laurie Goodman, and Frank Fabozzi have collaborated to bring you this fully revised and up-to-date new edition of Collateralized Debt Obligations. Written in a clear and accessible style, this valuable resource provides critical information regarding the evolving nature of the CDO market. You'll find in-depth insights gleaned from years of investment and credit experience as well as the examination of a wide range of issues, including cash CDOs, loans and CLOs, structured finance CDOs and collateral review, emerging market and market value CDOs, and synthetic CDOs. Use this book as your guide and take advantage of this dynamic market and its products.

Author : Janet M. Tavakoli
Publisher : John Wiley & Sons
Page : 354 pages
File Size : 54,8 Mb
Release : 2004-03-29
Category : Business & Economics
ISBN : 9780471481362

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Collateralized Debt Obligations and Structured Finance by Janet M. Tavakoli Pdf

The most cutting-edge read on CDO and credit market structures Collateralized Debt Obligations and Structured Finance provides a state-of-the-art look at the exploding CDO and structured credit products market. Financial expert Janet Tavakoli examines securitization topics never before seen in print, including the huge increase in the CDO arbitrage created by synthetics; the tranches most at risk from this new technology; dumping securitizations on bank balance sheets; the abuse of offshore vehicles by companies such as Enron; and securitizations made possible by new securitization techniques and the introduction of the Euro. This valuable guide comprehensively covers one of the fastest growing markets on Wall Street, predicting where new bank regulations and other developments may lead to product growth or product extinction. While providing an overview of the market and its dynamic growth, Collateralized Debt Obligations and Structured Finance explores the types of products offered, hedging techniques, and valuation and risk/return issues associated with investment in CDOs and synthetic CDOs. Janet M. Tavakoli, MBA (Chicago, IL), has over eighteen years of experience trading, structuring, and marketing derivatives and structured products with major financial institutions in New York and London. She is also the author of Credit Derivatives and Synthetic Structures, now in its Second Edition (0-471-41266-X).

Author : Michael Lewis
Publisher : W. W. Norton & Company
Page : 320 pages
File Size : 54,5 Mb
Release : 2011-02-01
Category : Business & Economics
ISBN : 0393078191

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The Big Short: Inside the Doomsday Machine by Michael Lewis Pdf

The #1 New York Times bestseller: "It is the work of our greatest financial journalist, at the top of his game. And it's essential reading."—Graydon Carter, Vanity Fair The real story of the crash began in bizarre feeder markets where the sun doesn't shine and the SEC doesn't dare, or bother, to tread: the bond and real estate derivative markets where geeks invent impenetrable securities to profit from the misery of lower- and middle-class Americans who can't pay their debts. The smart people who understood what was or might be happening were paralyzed by hope and fear; in any case, they weren't talking. Michael Lewis creates a fresh, character-driven narrative brimming with indignation and dark humor, a fitting sequel to his #1 bestseller Liar's Poker. Out of a handful of unlikely-really unlikely-heroes, Lewis fashions a story as compelling and unusual as any of his earlier bestsellers, proving yet again that he is the finest and funniest chronicler of our time.

Author : Douglas J. Lucas,Laurie S. Goodman
Publisher : Wiley
Page : 128 pages
File Size : 48,7 Mb
Release : 2007-03
Category : Business & Economics
ISBN : 0470179821

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Developments in Collateralized Debt Obligations by Douglas J. Lucas,Laurie S. Goodman Pdf

Developments In Collateralized Debt Obligations The fastest growing sector of the fixed income market is the market for collateralized debt obligations (CDOs). Fostered by the development of credit default swaps (CDS) on all types of indexes of corporate bonds, emerging market bonds, commercial loans, and structured products, new products are being introduced into this market with incredible speed. In order to keep up with this dynamic market and its various instruments, you need a guide that provides you with the most up-to-date information available. That's why Douglas Lucas, Laurie Goodman, Frank Fabozzi, and Rebecca Manning have created Developments in Collateralized Debt Obligations. Filled with in-depth insights regarding new products, like hybrid assets in ABS CDOs and trust preferred CDOs, and detailed discussions on important issues--such as the impact of CDOs on underlying collateral markets--this book will bring you completely up to speed on essential developments in this field. Written in a straightforward and accessible style, Developments in Collateralized Debt Obligations will enhance your understanding of this ever-evolving market--and its numerous products.

Author : Anonim
Publisher : Unknown
Page : 160 pages
File Size : 44,6 Mb
Release : 1991
Category : Collateralized mortgage obligations
ISBN : MINN:30000002699829

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Real Estate Mortgage Investment Conduits (REMICs) Reporting Information (and Other Collateralized Debt Obligations (CDOs)). by Anonim Pdf

Author : Janet M. Tavakoli
Publisher : John Wiley & Sons
Page : 590 pages
File Size : 46,9 Mb
Release : 2008-09-22
Category : Business & Economics
ISBN : 9780470443446

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Structured Finance and Collateralized Debt Obligations by Janet M. Tavakoli Pdf

An up-to-date look at the exploding CDO and structured credit products market In this fully updated Second Edition, financial expert Janet Tavakoli provides readers with a comprehensive look at the CDO and structured credit products market amid recent developments. In addition to a detailed overview of the market, this book presents key issues in valuing structured financial products and important quality control issues. Tavakoli shares her experiences in this field, as she examines important securitization topics, including the huge increase in CDO arbitrage created by synthetics, the tranches most at risk from new technology, dumping securitizations on bank balance sheets, the abuse of offshore vehicles by companies, the role of hedge funds, critical issues with subprime, Alt-A, and prime mortgage securitizations, and securitizations made possible by new securitization techniques and the Euro. While providing an overview of the market and its dynamic growth, Tavakoli takes the time to explore the types of products now offered, new hedging techniques, and valuation and risk/return issues associated with investment in CDOs and synthetic CDOs.

Author : John Edward Bowen,Charlene G. Valenza
Publisher : Irwin Professional Publishing
Page : 168 pages
File Size : 44,8 Mb
Release : 1989
Category : Bank investments
ISBN : PSU:000019435138

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Investing in Mortgage Securities by John Edward Bowen,Charlene G. Valenza Pdf

Author : Charles Austin Stone,Anne Zissu
Publisher : John Wiley & Sons
Page : 333 pages
File Size : 42,9 Mb
Release : 2010-05-18
Category : Business & Economics
ISBN : 9780470882832

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The Securitization Markets Handbook by Charles Austin Stone,Anne Zissu Pdf

In this long-awaited handbook, noted experts Charles Stone and Anne Zissu provide an enlightening overview of how securitization works and explain how future cash flows from various asset classes—from credit card receipts to mortgage payments—can be packaged into bond-like products and sold to investors. Once a marginal source of funds, securitization is now an essential corporate funding technique widely adopted by financial and industrial companies throughout the world to finance both working capital and capital budgets. It is also used as a risk-management tool and a source of liquidity. Securitization has been adapted to fund corporate acquisitions, to capitalize future streams of revenue, and to liquidate pools of nonperforming loans. With examples from companies such as GE Capital, Ford Motor Credit, Countrywide Home Loans, and D&K Healthcare, The Securitization Markets Handbook provides descriptions of all major classes of asset-backed securities and offers a practice-oriented commentary on trends in securitization and the value of asset- and mortgage-backed securities across industries and throughout the global markets. The authors approach the topic from both sides of the market: the supply side, where assets are securitized and mortgage- and asset-backed securities are issued, and the demand side, where investors choose which classes of mortgage and asset-backed securities will enhance their portfolios or serve as efficient hedges. The book’s detailed explanations and practical examples make it a valuable guide both for experienced money managers trying to put a securitization strategy into place and for those new to securitization looking to acquire a broad and strong foundation in the subject.