Basics of Mortgage-Backed Securities, 2nd EditionISBN: 978-1-883249-87-8
Hardcover
188 pages
January 2001
This is a Print-on-Demand title. It will be printed specifically to fill your order. Please allow an additional 10-15 days delivery time. The book is not returnable.
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The purpose of Basics of Mortgage-Backed Securities is to
provide readers with a fundamental understanding of mortgage
securities as an integral part of investment in fixed-income
securities. The second edition of this MBS classic provides the
latest information on the U.S. residential mortgage market,
adjustable-rate mortgages and mortgage pass-throughs, relative
value analyses and performance characteristics.
Dr. James Hu discusses the major changes within the mortgage market that may affect the fundamentals of mortgage securities. Some of these are: the recovery of the REMIC market after its collapse; the flourish of private-label securities; the growth of equity loan-backed securities and its establishment as a member of the fixed-income securities family. Also included are additional historical data for all exhibits. Mortgage pre-payment, dollar rolls, and private-label mortgage-backed securities are also addressed.