An in-depth look at the latest innovations in mortgage-backed securities The largest sector of the fixed-income market is the mortgage market. Understanding this market is critical for portfolio managers, as well as issuers who must be familiar with how these securities are structured. Mortgage-Backed Securities is a timely guide to the investment characteristics, creation, and analysis of residential real estate-backed securities. Each chapter contains cutting-edge information for investors, traders, and other professionals involved in this market, including discussions of structuring mortgage products-such as agency CMOs and new types of mortgages-and an in-depth explanation of the concept of option-adjusted spreads and other analytical concepts used to assess relative value.
- ISBN10 6610916349
- ISBN13 9786610916344
- Publish Date 1 January 2007 (first published October 1986)
- Publish Status Active
- Out of Print 15 December 2010
- Publish Country US
- Imprint John Wiley & Sons
- Format eBook
- Pages 318
- Language English