Products, Structuring, and Analytical Techniques.
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.
