In Introduction to Mortgages & Mortgage Backed Securities, author Richard Green combines current practices in real estate capital markets with financial theory so readers can make intelligent business decisions. After a behavioral economics chapter on the nature of real estate decisions, he explores mortgage products, processes, derivatives, and international practices. By focusing on debt, his book presents a different view of the mortgage market than is commonly available, and his primer on fixed-income tools and concepts ensures that readers understand the rich content he covers. Including commercial and residential real estate, this book explains how the markets work, why they collapsed in 2008, and what countries are doing to protect themselves from future bubbles. Green's expertise illuminates both the fundamentals of mortgage analysis and the international paradigms of products, models, and regulatory environments. Written for buyers of real estate, not mortgage lenders Balances theory with increasingly complex practices of commercial and residential mortgage lending Emphasizes international practices, changes caused by the 2008-11 financial crisis, and the behavioral aspects of mortgage decision making
Including commercial and residential real estate, this book explains how the markets work, why they collapsed in 2008, and what countries are doing to protect themselves from future bubbles.
However, CLO sponsors/asset managers can satisfy the risk retention requirement by holding only “CLO-eligible” tranches for which each syndicated loan's62 “lead arranger” retains at least 5% ...
Filled with in-depth insights and expert advice, this comprehensive guide skillfully addresses the investment characteristics, creation, and analysis of mortgage-backed securities.
Featuring material used by the company, this book is an ideal training tool and resource for investment professionals, institutional investors, pension fund investors, and hedge-fund investors.
New material in this updated fifth edition includes: Updated Overview of the Mortgage Market Securities Backed by Adjustable-Rate Mortgages Prepayment Penalty Mortgage-Backed Securities Building an MBS Index: Conventions and Calculations ...
Look to this guide for information on topics including: * A general framework for modeling of prepayment rates on residential mortgage loans-critical in estimating security cashflows and investment characteristics * How the Internet is ...
Filled with in-depth insights and expert advice, this comprehensive guide skillfully addresses the investment characteristics, creation, and analysis of mortgage-backed securities.
Introduction to Securitization A comprehensive overview of securitization With this book, Frank Fabozzi and Vinod Kothari bring together their extensive expertise in this field to present asset and financial managers, as well as finance ...
Provides an overview of the subprime mortgage securitization process and the seven key informational frictions that arise.
The #1 New York Times bestseller: "It is the work of our greatest financial journalist, at the top of his game.