Mortgages and Mortgage-backed Securities Markets (Harvard Business School Press Series in Financial Services Management) - Hardcover

Fabozzi, Frank J.; Modigliani, Franco

Hardcover

ISBN 10: 0875843220 ISBN 13: 9780875843223

Verlag: Harvard Business Review Press, 1992

Inhaltsangabe

Book by Fabozzi Frank J Modigliani Franco

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Reseña del editor:

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.

Über diese Auflage

• Verlag: Harvard Business Review Press
• Erscheinungsdatum: 1992
• ISBN 10: 0875843220
• ISBN 13: 9780875843223
• Einband: Tapa dura
• Anzahl der Seiten: 300