| Mortgage-Backed Securities: Products, Structuring, and Analytical Techniques |
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Mortgage-Backed Securities In the last two decades, the market for mortgage-backed securities (MBS) has quickly grown. In addition to its size, this market has also become increasingly flexible and dynamic. Frank Fabozzi, Anand Bhattacharya, and William Berliner understand the intricacies of the MBS market, and now, with Mortgage-Backed Securities, they share this essential information with you. Filled with in-depth insights and expert advice, this comprehensive guide skillfully addresses the investment characteristics, creation, and analysis of mortgage-backed securities. Each informative chapter outlines the products, structures, and analytical techniques traders and investors need to be familiar with in order to succeed on a daily basis. Written for financial professionals by financial professionals, this book covers a variety of MBS-related issues, including: * An overview of prepayment and default behavior and performance metrics * Fundamental MBS structuring techniques--such as divisions of principal and interest * The structuring of private-label CMOs * Measuring MBS interest-rate risk * Evaluating senior MBS and CMOs * An option theoretic approach to valuing MBS
Kategorie: Books
Hersteller: John Wiley & Sons Inc
91,90 CHF
Lieferzeit: 1-2 Werktagen |
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