Mortgage and Mortgage-Backed Securities Markets (Harvard Business School Press Series in Financial Services Management) |  | Authors: Frank J. Fabozzi, Franco Modigliani
Publisher: Harvard Business School Press
Category: Book
List Price: $49.95
Buy New: $31.10
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Seller: Fantastic Prices
Rating:  1 reviews
Sales Rank: 1,067,312
Media: Hardcover
Pages: 300
Number Of Items: 1
Shipping Weight (lbs): 1.7
Dimensions (in): 9.3 x 6.3 x 1.4
ISBN: 0875843220
Dewey Decimal Number: 332.720973
EAN: 9780875843223
ASIN: 0875843220
Publication Date: May 1992
Availability: Usually ships in 1-2 business days
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Product Description
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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| Customer Reviews:
Still relevant December 12, 2006
T. Dixon (CA)
2 out of 2 found this review helpful
This book may be dated, but if you want an in depth review of the fundamentals of all types of mortgages, pass-through securities, CMOs, and MBS valuation techniques this book should be your first stop.
After reading this book, you will have the solid foundation that you need to read more advanced tomes and/or understand current developments in mortgage securitization.
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