Mortgages and Mortgage-backed Securities Markets by Frank J Fabozzi

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Mortgages and Mortgage-backed Securities Markets by Frank J Fabozzi

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Summary

Describes the economic forces that moulded the American mortgage market and evaluates the variety of mortgage designs and the securities created from them. The text also provides techniques for analyzing and hedging mortgage-backed securities.

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Mortgages and Mortgage-backed Securities Markets by Frank J Fabozzi

The American dream of home ownership has created the world's largest debt market - exceeding the stock and corporate bond markets combined. Mortgage-backed securities, financially engineered products of that debt, represent a unique challenge to professional investors, mortgage originators, bankers, regulators, and financial economists. This book describes the economic forces that molded the mortgage market and evaluates the variety of mortgage designs and the securities created from them. It explains each aspect of contemporary mortgages, the development of the secondary mortgage market, and the characteristics of mortgage-backed securities (passthroughs, collateralized mortgage obligations, and stripped mortgage-backed securities). The text also provides techniques for analyzing and hedging these complex securities.

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SKU Unavailable
ISBN 13 9780875843223
ISBN 10 0875843220
Title Mortgages and Mortgage-backed Securities Markets
Author Frank J Fabozzi
Condition Unavailable
Publisher Harvard Business Review Press
Year published 1992-05-01
Number of pages 300
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
Note Unavailable