Mortgage-Backed Securities: Products, Structuring, and Analytical Techniques
Written on November 30, 2009
Product 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 contain… More >>
Mortgage-Backed Securities: Products, Structuring, and Analytical Techniques
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A well-written, easy-to-follow book that serves as a fantastic addition to any fixed income or real estate curriculum. Those already in or looking to enter the mortgage securitization business should have the information contained in this book as part of their arsenal.
Rating: 5 / 5
This book can be used either as a reference for specific technical securities questions or for generic background reading on a related topic. Many people in our office find it very useful and it always seems to disappear from my desk. A must have five star book!
Rating: 5 / 5
The book provides a very complete overview the residential mortgage-backed securities market and is written by two gentlemen that were arguably at “the center of the storm” at Countrywide Securities.
The book is structured nicely taking the reader from a general overview of the MBS market to a detailed look of the process of securitization through to investing in the end securities.
The chapters dedicated to the structuring and credit enhancement techniques of residential ABS deals a particularly useful to people just entering the current market. The unique perspectives on measuring loan performance and influences on collateral prepayments are also very useful reading.
All in all a must read for those beginning in the industry and a great reference for those of us that might have forgotten a few things.
Rating: 5 / 5