Mortgage-backed Securities Products, Structuring and Analytical Techniques

Mortgage-Backed SecuritiesIn 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 metricsFundamental MBS structuring techniques-such as divisions of principal and interestThe structuring of private-label CMOsMeasuring MBS interest-rate riskEvaluating senior MBS and CMOsAn option theoretic approach to valuing MBSFabozzi, Frank J. is the author of 'Mortgage-backed Securities Products, Structuring and Analytical Techniques', published 2007 under ISBN 9780470047736 and ISBN 0470047739.