Mortgage-Backed Securities
Products, Structuring, and Analytical Techniques
Business & Finance, Finance & Investing, Real Estate
| Author: | Anand K. Bhattacharya, William S. Berliner, Frank J. Fabozzi | ISBN: | 9781118044711 |
| Publisher: | Wiley | Publication: | December 30, 2010 |
| Imprint: | Wiley | Language: | English |
| Author: | Anand K. Bhattacharya, William S. Berliner, Frank J. Fabozzi |
| ISBN: | 9781118044711 |
| Publisher: | Wiley |
| Publication: | December 30, 2010 |
| Imprint: | Wiley |
| Language: | English |
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.
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.
