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:
- Author: Joseph Hu
- ISBN: 9780470328637
- Year Published: 2001
- Pages: 184
- BISAC: BUS036000, BUSINESS & ECONOMICS/Investments & Securities / General
About the Book and Topic:
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.
1. Residential Mortgages 2. The U.S. Residential Mortgage Market 3. Mortgage Pass-Through Securities 4. Mortgage Prepayment 5. Basic Mortgage Math 6. Adjustable-Rate Mortgages and Mortgage Pass-Throughs 7. Multiclass Mortgage Pass-Throughs 8. Private-Label Mortgage-Backed Securities 9. Home Equity Loan-Backed Securities 10. Analysis of Dollar Rolls 11. Relative Value Analysis of Mortgage Securities 12. Performance of Mortgage Securities
About the Author
Joseph Hu is Managing Director and Director of Structured Finance Ratings Research at Standard M.A. degree from the University of New Mexico in 1971; and B.A. degree from the National Taiwan University in 1968.