Asset-backed securities have become a hot topic in today’s fixed income arena, with a potential for returns exceeding that of other investments. Asset-Backed Securities assembles the writings of leaders in this field and provides comprehensive coverage of the major asset-backed securities, structuring issues and relative value analysis. Topics of interest to readers seeking to successfully invest in asset-backed securities include: the expanding frontiers of asset securitization; introduction to ABS accounting; trends in the structuring of ABSs; and prepayment nomenclature in the ABS market.
Book Details:
- Author: Anand K. Bhattacharya
- ISBN: 9780470334232
- Year Published: 1996
- Pages: 410
- BISAC: BUS036000, BUSINESS & ECONOMICS/Investments & Securities / General
About the Book and Topic:
Asset-backed securities have become a hot topic in today’s fixed income arena, with a potential for returns exceeding that of other investments. Asset-Backed Securities assembles the writings of leaders in this field and provides comprehensive coverage of the major asset-backed securities, structuring issues and relative value analysis. Topics of interest to readers seeking to successfully invest in asset-backed securities include: the expanding frontiers of asset securitization; introduction to ABS accounting; trends in the structuring of ABSs; and prepayment nomenclature in the ABS market.
1. The Expanding Frontiers of Asset Securitization (Anand Bhattacharya and Frank Fabozzi) 2. Securitization in Europe (Paul Taylor) 3. Credit-Card Receivables (Robert Karr, Greg Richter, R.J. Shook, and Lirenn Tsai) 4. Auto-Loan- Backed Securities (Thomas Zimmerman and Leo Burrell) 5. Manufactured Housing Securities (Thomas Zimmerman and Inna Koren) 6. Analysis of Manufactured Housing-Backed Securities (John Dunlevy and Andrew Shook) 7. Introduction to the B&C Home-Equity Loan Market (Morton Dear and Len Blum) 8. Evolution of the B&C Home-Equity Loan Securities Market (Henry McCall III and Len Blum) 9. Equipment Lease Backed Securities (John Lucas and Thomas Zimmerman) 10. SBA-Loan Backed Securities (Donna Faulk) 11. The Securitization of Health-Care Receivables (Vincent Pica and Anand Bhattacharya) 12. The Commercial Property Market and Underwriting Criteria for Commercial Mortgages (Jonathan Adams) 13. CMBS Structures and Relative Value Analysis (Jonathan Adams) 14. Investing in Interest-Only Commercial Mortgage Backed Securities (Jonathan Adams, Inna Koren, and Lina Hsu) 15. Trends in the Structuring of ABSs (Len Blum and Chris DiAngelo) 16. A Rating Agency Perspective on Asset-Backed Securitization (Suzanne Michaud) 17. Credit Enhancement in ABS Structures (Lina Hsu and Cyrus Mohebbi) 18. Early Amortization Triggers (Anand Bhattacharya) 19. Home-Equity Loan Floaters (Lirenn Tsai and Cyrus Mohebbi) 20. Dynamics of Cleanup Calls in ABS (Thomas Zimmerman) 21. ABS B-Pieces (Thomas Zimmerman) 22. Prepayment Nomenclature in the ABS Market (Anand Bhattacharya) 23. Prepayments on ABSs (Anand Bhattacharya) 24. Z Spreads (Anand Bhattacharya and Carol Sze) 25. Introduction to ABS Accounting (Len Blum and Evan Mitnick)
About the Author
Anand K. Bhattacharya is Senior Vice President and Director of Fixed Income Securities at Prudential Securities, Inc. Frank J. Fabozzi is a financial consultant, the editor of the Journal of Portfolio Management, and Adjunct Professor of Finance at Yale University’s School of Management.