Investing In Mortgage Backed And Asset Backed Securities Website

Author : Glenn M. Schultz
Publisher : John Wiley & Sons
Page : 532 pages
File Size : 50,6 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,Anand K. Bhattacharya,William S. Berliner
Publisher : John Wiley & Sons
Page : 302 pages
File Size : 53,8 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 : John Edward Bowen,Charlene G. Valenza
Publisher : Irwin Professional Publishing
Page : 168 pages
File Size : 47,5 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 : 469 pages
File Size : 50,7 Mb
Release : 2012-09-25
Category : Business & Economics
ISBN : 9781118006740

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

A comprehensive guide to the continuously evolving world of securitization The Second Edition of The Securitization Markets Handbook is a valuable resource for both experienced money managers trying to put a securitization strategy into place as well as newcomers looking to acquire a broad and strong foundation in this discipline. This edition takes a close look at the pre- and post-crash mortgage market and the mortgage-backed securities based on those mortgages, as well as other asset-backed securities including commercial paper or credit cards. The crash of the subprime market and the failure of the asset-backed markets offer an opportunity to learn about banking finance, specifically off-balance sheet finance, and the many costly mistakes that resulted in one of the most severe downturns in financial markets. With this book, you'll discover why certain mortgage and asset-backed securities imploded and others didn't. This new edition examines why the market failed and how the next crisis can be averted or made less severe. It also explains why securitization remains a primary source of capital for the mortgage market, credit card market, home equity market, auto loan market, and segments of the commercial paper market. Offers an informed overview of how the securitization market works, how to make money in it, and what's next for asset- and mortgage-backed securities after the crisis Contains new chapters on CDOs and SIVs, along with a history of the growth and crash of the subprime market, asset-backed securities, and home equity lines of credit Written by securitization experts Charles Stone and Anne Zissu Updated to reflect the current market environment, the Second Edition of The Securitization Markets Handbook offers clear, comprehensive guidance to these complex markets.

Author : Frank J. Fabozzi
Publisher : Irwin Professional Publishing
Page : 506 pages
File Size : 45,6 Mb
Release : 1987
Category : Business & Economics
ISBN : IND:39000008330313

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Mortgage-backed Securities by Frank J. Fabozzi Pdf

Author : Lakhbir Hayre
Publisher : John Wiley & Sons
Page : 896 pages
File Size : 45,5 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 : Frank J. Fabozzi
Publisher : Oxford University Press
Page : 831 pages
File Size : 40,8 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 : Andrew Davidson,Anthony Sanders,Lan-Ling Wolff,Anne Ching
Publisher : John Wiley & Sons
Page : 584 pages
File Size : 54,5 Mb
Release : 2003-09-08
Category : Business & Economics
ISBN : 0471022608

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Securitization by Andrew Davidson,Anthony Sanders,Lan-Ling Wolff,Anne Ching Pdf

A complete guide to securitization. * Analyzes leases, tax liens, and other new securitization markets developing globally. * Contains exercises and examples taken from real transactions. * Companion CD-ROM includes calculation tools and examples, data for models, ongoing updates on models, and Q&A with authors to address complex securitization questions.

Author : Lakhbir Hayre
Publisher : Unknown
Page : 912 pages
File Size : 43,6 Mb
Release : 2007-09
Category : Electronic
ISBN : 0470118075

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Citigroup Guide to Mortgage-Backed and Asset-Backed Securities by Lakhbir Hayre Pdf

The Citigroup Guide to Mortgage-Backed and Asset-Backed Securities is the second edition of the Salomon Smith Barney Guide, and will reflect Citigroup's acquisition of Salomon Smith Barney. Edited by Lakhbir Hayre and written by a team of analysts at Citigroup, the new book will address changes in today's MBS and ABS markets. This exhaustive guide will include a new chapter on Dollar Rolls, more detailed primers on important ABS sectors, and new chapters on recent valuation advances in volatility skew and modeling of ABS and CMBS defaults. All of the existing chapters have also been updated to reflect market developments.

Author : William W. Bartlett
Publisher : Prentice Hall
Page : 536 pages
File Size : 51,8 Mb
Release : 1989
Category : Business & Economics
ISBN : IND:39000009180279

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Mortgage-backed Securities by William W. Bartlett Pdf

Author : Laurence G. Taff
Publisher : CRC Press
Page : 344 pages
File Size : 45,7 Mb
Release : 2002-09-27
Category : Business & Economics
ISBN : 9781420025354

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Investing in Mortgage Securities by Laurence G. Taff Pdf

Providing the expertise of an internal business consultant to one of the largest issuers of mortgage securities, Investing in Mortgage Securities serves as a high-level introduction to mortgage securities presented within the framework of fixed income securities. It presents institutional investors, portfolio managers, traders, and sophisticated individual investors with a clear, concise, and unified approach to valuing, pricing, and investing in mortgage securities. The author supplies a complete explanation of all types of mortgages and fixed income securities and highlights the differences between bonds, mortgages, and mortgage derivatives. The text walks you through all the necessary steps, including worked out mathematical examples, to ensure that you make the best buy and sell decisions possible. It also contains exercises to help you test your knowledge before making significant investment decisions.

Author : Jess Lederman
Publisher : Prentice Hall
Page : 582 pages
File Size : 52,6 Mb
Release : 1990
Category : Business & Economics
ISBN : STANFORD:36105060045627

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The Handbook of Asset-backed Securities by Jess Lederman Pdf

Author : Laurence G. Taff
Publisher : Amacom Books
Page : 256 pages
File Size : 50,6 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 : Lakhbir Hayre
Publisher : John Wiley & Sons
Page : 890 pages
File Size : 40,6 Mb
Release : 2002-11-11
Category : Business & Economics
ISBN : 9780471196907

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

Mortgage-backed and asset-backed securities are fixed-income securities, like bonds, which derive their return from an underlying mortgage or basket of mortgages, or an asset or basket of assets. This market has increased from about $100 billion in 1980 to over $2.5 trillion today. Filling the void for a new book on fixed-income, Salomon Smith Barney Guide to Mortgage-Backed and Asset-Backed Securities provides a coherent and comprehensive approach to the subject. Featuring material used by the company, this book is an ideal training tool and resource for investment professionals, institutional investors, pension fund investors, and hedge-fund investors. Lakhbir Hayre (New York, NY) is a mortgage officer at Salomon Smith Barney, and their leading expert on mortgage-backed and asset-backed securities. He is a Certified Financial Analyst and a Doctor of Philosophy.

Author : Frank J. Fabozzi
Publisher : Oxford University Press
Page : 864 pages
File Size : 55,6 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.