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Introduction To Mortgages Mortgage Backed Securities

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Introduction to Mortgages and Mortgage Backed Securities

Introduction to Mortgages and Mortgage Backed Securities Book
Author : Richard K. Green
Publisher : Academic Press
Release : 2013-11-21
ISBN : 0124045936
Language : En, Es, Fr & De

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Book Description :

In Introduction to Mortgages & Mortgage Backed Securities, author Richard Green combines current practices in real estate capital markets with financial theory so readers can make intelligent business decisions. After a behavioral economics chapter on the nature of real estate decisions, he explores mortgage products, processes, derivatives, and international practices. By focusing on debt, his book presents a different view of the mortgage market than is commonly available, and his primer on fixed-income tools and concepts ensures that readers understand the rich content he covers. Including commercial and residential real estate, this book explains how the markets work, why they collapsed in 2008, and what countries are doing to protect themselves from future bubbles. Green's expertise illuminates both the fundamentals of mortgage analysis and the international paradigms of products, models, and regulatory environments. Written for buyers of real estate, not mortgage lenders Balances theory with increasingly complex practices of commercial and residential mortgage lending Emphasizes international practices, changes caused by the 2008-11 financial crisis, and the behavioral aspects of mortgage decision making

Salomon Smith Barney Guide to Mortgage Backed and Asset Backed Securities

Salomon Smith Barney Guide to Mortgage Backed and Asset Backed Securities Book
Author : Lakhbir Hayre
Publisher : John Wiley & Sons
Release : 2002-11-11
ISBN : 0471196908
Language : En, Es, Fr & De

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Book Description :

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.

Investing in Commercial Mortgage Backed Securities

Investing in Commercial Mortgage Backed Securities Book
Author : Frank J. Fabozzi
Publisher : John Wiley & Sons
Release : 2000-12-15
ISBN : 9781883249885
Language : En, Es, Fr & De

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Book Description :

Commercial mortgage-backed securities (CMBS)-securitizations of mortgage loans backed by commercial real estate-have become compelling devices for fixed income investing. This title, edited by renowned financial expert Frank Fabozzi, describes the structure, valuation, and performance of CMBS, illustrates an empirical framework for estimating CMBS defaults, instructs how to value prepayment and credit risks of CMBS, and more.

The Handbook of Asset backed Securities

The Handbook of Asset backed Securities Book
Author : Jess Lederman
Publisher : Prentice Hall
Release : 1990
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Discusses the legal and accounting aspects of asset-backed securities, examines a variety of ABSs, and answers investment questions

Introduction to Securitization

Introduction to Securitization Book
Author : Frank J. Fabozzi,Vinod Kothari
Publisher : John Wiley & Sons
Release : 2008-07-15
ISBN : 0470371900
Language : En, Es, Fr & De

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Book Description :

Introduction to Securitization outlines the basics of securitization, addressing applications for this technology to mortgages, collateralized debt obligations, future flows, credit cards, and auto loans. The authors present a comprehensive overview of the topic based on the experience they have gathered through years of interaction with practitioners and graduate students around the world. The authors offer coverage of such key topics as: structuring agency MBS deals and nonagency deals, credit enhancements and sizing, using interest rate derivatives in securitization transactions, asset classes securitized, operational risk factors, implications for financial markets, and applying securitization technology to CDOs. Finally, in the appendices, the authors provide an essential introduction to credit derivatives, an explanation of the methodology for the valuation of MBS/ABS, and the estimation of interest rate risk. Securitization is a financial technique that pools assets together and, in effect, turns them into a tradable security. The end result of a securitization transaction is that a corporation can obtain proceeds by selling assets and not borrowing funds. In real life, many securitization structures are quite complex and enigmatic for practitioners, investors, and finance students. Typically, books detailing this topic are either too lengthy, too technical, or too superficial in their presentation. Introduction to Securitization is the first to offer essential information on this topic at a fundamental, yet comprehensive level-providing readers with a working understanding of what has become one of today's most important areas of finance. Authors Frank Fabozzi and Vinod Kothari, internationally recognized experts in the field, clearly define securitization, contrast it with corporate finance, and explain its advantages. They carefully illustrate the structuring of asset-backed securities (ABS) transactions, including agency mortgage-backed securities (MBS) deals and nonagency deals, and show the use of credit enhancements and interest rate derivatives in such transactions. They review the collateral classes in ABS, such as retail loans, credit cards, and future flows, and discuss ongoing funding vehicles such as asset-backed commercial paper conduits and other structured vehicles. And they explain the different types of collateralized debt obligations (CDOs) and structured credit, detailing their structuring and analysis. To complement the discussion, an introduction to credit derivatives is also provided. The authors conclude with a close look at securitization's impact on the financial markets and the economy, with a review of the now well-documented problems of the securitization of one asset class: subprime mortgages. While questions about the contribution of securitization have been tainted by the subprime mortgage crisis, it remains an important process for corporations, municipalities, and government entities seeking funding. The significance of this financial innovation is that it has been an important form of raising capital for corporations and government entities throughout the world, as well as a vehicle for risk management. Introduction to Securitization offers practitioners and students a simple and comprehensive entry into the interesting world of securitization and structured credit.

Investing in Mortgage Backed and Asset Backed Securities

Investing in Mortgage Backed and Asset Backed Securities Book
Author : Glenn M. Schultz
Publisher : John Wiley & Sons
Release : 2016-01-19
ISBN : 1119221501
Language : En, Es, Fr & De

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Book Description :

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.

Federal Home Loan Bank Board Journal

Federal Home Loan Bank Board Journal Book
Author : Anonim
Publisher : Unknown
Release : 1989
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Federal Home Loan Bank Board Journal book written by , available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Mortgage backed Securities

Mortgage backed Securities Book
Author : Anonim
Publisher : Unknown
Release : 1984
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Mortgage backed Securities book written by , available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

An Introduction to Real Estate Finance

An Introduction to Real Estate Finance Book
Author : Edward Glickman
Publisher : Academic Press
Release : 2013-10-14
ISBN : 0123786274
Language : En, Es, Fr & De

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Book Description :

An Introduction to Real Estate Finance serves as the core of knowledge for a single-semester first course in real estate finance. Unlike other real estate finance textbooks, with their encyclopedic but often stale details, it combines a short traditional text with a living website. The book gives students and professors highly applied information, and its regularly updated online features makes it especially useful for this practitioner-oriented audience. It covers fundamental topics such as accounting and tax, mortgages, capital markets, REITs and more. It also addresses the 2008 financial crisis and its impact on the real estate profession. This text is a valuable companion for students of real estate finance as well as financial analysts, portfolio managers, investors and other professionals in the field. Offers a concise, efficient, "finance-centric" alternative to traditional real estate finance texts Website gives readers the tools to find current information about their own areas of specialization—a unique approach not found in other real estate finance textbooks Gives students and professors the material to examine every subject in broad and highly detailed terms

Bond Market Securities

Bond Market Securities Book
Author : Moorad Choudhry
Publisher : Financial Times Management
Release : 2001
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Investors need to be fully conversant with the differences in the way that bonds are structured, valued and traded. "Bond Market Securities" contains a wide range of methodologies that will help the reader to gain a good understanding of fixed income securities and some of their associated derivatives. "Bond Market Securities" investigates the fundamentals of fixed income analysis, reviewing the latest research and presenting it in an accessible way that is suitable for practitioners and graduate students alike. The research is summarized in a way that allows readers to apply results to their individual requirements. Important subjects are covered in a straightforward style, using only essential mathematics, while further references are listed in full so that the reader may undertake further research. Topics covered include: Bond mathematics Spot and forward rates Yield curve fitting techniques Term structure models Credit derivatives in the fixed income markets Stochastic models and option pricing Hybrid securities Forwards and futures Market trading considerations and techniques Mortgage-backed securities. Written by a debt markets professional with many years' experience trading bonds in the markets, the book focuses on the international nature of these instruments, allowing you to apply the techniques and applications covered in the book in every debt capital market, irrespective of geographical location. "Bond Market Securities" provides a concise and accessible description of the main elements of the markets, the instruments used and their applications, and will be ofvaluable use to both the experienced practitioner and the bond market novice. ""Bond Market Securities" is accessible to both scholars and practitioners, but sacrifices little in quantitative rigour or institutional detail. It will be added to my graduate reading lists"-- Professor Steve Satchell, Faculty of Economics and Politics, Cambridge University "In bond markets it is easy to overcomplicate things with too much jargon, too many technical terms and too many long mathematical formulae. Moorad's book brings refreshing clarity to the subject, helping show how (and why) these markets really work."-- Peter Matthews, Senior Credit Trader and Head of FRN Trading, ABN Amro Bank NV "Moorad is a rare combination - technically and intellectually brilliant and blessed with the personality and ability to communicate effectively with the rest of us. He has the ability to demystify the seemingly most complex concepts and an enthusiasm for his subject that shines through his writing and captures the reader's interest."-- Martin Barber, Partner, KPMG Consulting

Securities Processing

Securities Processing Book
Author : William Lawrence Imhof
Publisher : Unknown
Release : 1995
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Securities Processing book written by William Lawrence Imhof, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Structured Mortgage and Receivable Financing

Structured Mortgage and Receivable Financing Book
Author : Anonim
Publisher : Unknown
Release : 1988
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Structured Mortgage and Receivable Financing book written by , available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Structured Mortgage and Receivable Financing 1988

Structured Mortgage and Receivable Financing  1988 Book
Author : Anonim
Publisher : Unknown
Release : 1988
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Structured Mortgage and Receivable Financing 1988 book written by , available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Introduction to the Secondary Mortgage Market

Introduction to the Secondary Mortgage Market Book
Author : Dall Bennewitz
Publisher : Unknown
Release : 1989
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Introduction to the Secondary Mortgage Market book written by Dall Bennewitz, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Structured mortgage and receivable dinancing 1988

Structured mortgage and receivable dinancing  1988 Book
Author : Anonim
Publisher : Unknown
Release : 1988
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Structured mortgage and receivable dinancing 1988 book written by , available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Savings Institutions

Savings Institutions Book
Author : Anonim
Publisher : Unknown
Release : 1989
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Savings Institutions book written by , available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Canadian Housing Observer

Canadian Housing Observer Book
Author : Anonim
Publisher : Unknown
Release : 2006
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Canadian Housing Observer book written by , available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Introduction to Brokerage Operations Department Procedures

Introduction to Brokerage Operations Department Procedures Book
Author : New York Institute of Finance
Publisher : Prentice Hall
Release : 1988
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Explains the staff's workload to give an understanding of the steps and procedures in the operations function in the brokerage environment.

Measuring and Controlling Interest Rate Risk

Measuring and Controlling Interest Rate Risk Book
Author : Frank J. Fabozzi
Publisher : Wiley
Release : 1996-08-15
ISBN : 9781883249090
Language : En, Es, Fr & De

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Book Description :

Measuring and Controlling Interest Rate Risk provides an examination of various techniques for measuring and controlling the interest rate risk of a bond portfolio or trading position. Generously supplemented with tables and calculated examples, this authoritative book also gives comprehensive coverage to: defining and illustrating interest rate risk in regards to valuation, probability distributions, forecasting yield volatility, correlation and regression analyses, futures and forward contracts, interest rate swaps, exchange traded options, OTC options, and controlling interest rate risk with derivatives.

The Handbook of Structured Finance Chapter 12 Residential Mortgage Backed Securities

The Handbook of Structured Finance  Chapter 12   Residential Mortgage Backed Securities Book
Author : Arnaud de Servigny,Norbert Jobst
Publisher : McGraw Hill Professional
Release : 2007-01-22
ISBN : 0071715797
Language : En, Es, Fr & De

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Book Description :

This chapter comes from the book The Handbook of Structured Finance, a complete guide to the major issues facing investors in the structured finance market. Comprehensive and accessible, it provides the latest techniques for measuring and managing risk, finding optimum pricing, and taking advantage of leverage and market incompleteness, as well as models for debt and equity modeling.