Investing - General & Miscellaneous, Real Estate Investing, Bonds & Debt Instruments
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Overview
The purpose of Basics of Mortgage-Backed Securities is to provide readers with a basic, but comprehensible 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 few major changes within the mortgage market that may have affected 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. Other topics include mortgage pre-payment, an analysis of dollar rolls, and private-label mortgage-backed securities.
Book Details
Published
April 28, 1997
Publisher
Wiley, John & Sons, Incorporated
Pages
144
Format
Paperback
ISBN
9781883249212