Commercial mortgage-backed securities (CMBS) are securitizations of mortgage loans backed by commercial real estate and have become compelling devices for fixed income investing. This title, edited by renowned financial expert, Frank Fabozzi, describes the structure, valuation, and performance of CMBS, illustrates an empirical framework for estimating CMBS defaults, instructs how to value prepayment and credit risks of CMBS, and more.
Book Details:
- Author: Frank J. Fabozzi
- ISBN: 9780470327975
- Year Published: 2001
- Pages: 269
- BISAC: BUS036050, BUSINESS & ECONOMICS/Investments & Securities / Real Estate
About the Book and Topic:
Commercial mortgage-backed securities (CMBS) are securitizations of mortgage loans backed by commercial real estate and have become compelling devices for fixed income investing. This title, edited by renowned financial expert, Frank Fabozzi, describes the structure, valuation, and performance of CMBS, illustrates an empirical framework for estimating CMBS defaults, instructs how to value prepayment and credit risks of CMBS, and more.
Details from beginning to end, commercial mortgage backed securities from commercial deals to CMBS markets and analysis.
Describes the structure, valuation and performance of CMBS. Offers insights into valuing the prepayments and credit risks of commercial Mortgage Securities. Details the CMBS martket, swap spreads, and relative value. Provides information on the value and sensitivity analysis of CMBS IOs.
About the Author
Frank J. Fabozzi is a financial consultant, the editor of the Journal of Portfolio Management, and an Adjunct Professor of Finance at Yale University’s School of Management.