{"product_id":"mortgage-backed-securities-2e-hardcover","title":"Mortgage-Backed Securities 2e - Hardcover","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eFrank J. Fabozzi\u003c\/b\u003e (Author), \u003cb\u003eAnand K. Bhattacharya\u003c\/b\u003e (Author), \u003cb\u003eWilliam S. Berliner\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003cb\u003eAn up-to-date look at the latest innovations in mortgage-backed securities\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eSince the last edition of \u003ci\u003eMortgage-Backed Securities\u003c\/i\u003e was published over three years ago, much has changed in the structured credit market. Frank Fabozzi, Anand Bhattacharya, and William Berliner all have many years of experience working in the fixed-income securitization markets, and have witnessed many cycles of change in the mortgage and MBS sectors. And now, with the Second Edition of Mortgage-Backed Securities, they share their knowledge on many of the products and structuring innovations that have taken place since the financial crisis and fiscal reform.\u003c\/p\u003e \u003cp\u003eWritten in a straightforward and accessible style, and containing numerous illustrations, this timely guide skillfully addresses the investment characteristics, creation, and analysis of mortgage-backed securities. Each chapter contains cutting-edge concepts that you'll need to understand in order to thrive within this arena.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eDiscusses the dynamic interaction between the mortgage industry, home prices, and credit performance\u003c\/li\u003e \u003cli\u003eAddresses revised valuation techniques in which all non-agency MBS must be treated as credit pieces\u003c\/li\u003e \u003cli\u003eExamines the shift in this marketplace since the crisis and the impact on industry and investors\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eFilled with in-depth insights and expert advice, \u003ci\u003eMortgage-Backed Securities, Second Edition\u003c\/i\u003e offers you a realistic assessment of this field and outlines the products, structures, and analytical techniques you need to know about in this evolving arena.\u003c\/p\u003e\u003ch3\u003eFront Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eEven with the recent events that have occurred in this field, mortgage-backed securities (MBS) continue to comprise one of thelargest securities markets in the world. However, since thepublication of the first edition of Mortgage-Backed Securities, both the consumer mortgage and MBS sectors have undergonesignificant changes--many of them resulting directly, andindirectly, from the collapse in mortgage performance thatinitially appeared in late 2006 and led to the financial crisis of2007-2008.\u003c\/p\u003e\u003cp\u003eThat's why the expert author team of Frank Fabozzi, AnandBhattacharya, and William Berliner--who have witnessed manycycles of change in the mortgage and MBS sectors--have returnedto create the Second Edition of Mortgage-Backed Securities. In it, they skillfully reassess the MBS sector in the context of thechanges resulting from the crisis, as well as explore the insightsgained in the post-crisis period.\u003c\/p\u003e\u003cp\u003eEngaging and informative, this updated edition continues toaddress the investment characteristics, creation, and analysis ofmortgage-backed securities, but now does so with the lessons anddata accumulated from post-2006 events in mind. Along the way, itoffers valuable insights that reflect the current marketenvironment: reexamining prepayment behavior and analysis todescribe the latest thinking on prepayment speeds and behavior, while taking into account credit and housing-related factors; anddevoting an entirely new chapter to the evaluation of non-agencyMBS.\u003c\/p\u003e\u003cp\u003eDivided into four comprehensive parts, this reliable resourcecontains cutting-edge concepts you'll need to understand in orderto succeed within this arena.\u003c\/p\u003e\u003cp\u003ePart One: introduces the essential aspects of the mortgage andMBS markets\u003c\/p\u003e\u003cp\u003ePart Two: discusses prepayment and default behavior, along withan array of metrics and conventions used to quantify theseactivities\u003c\/p\u003e\u003cp\u003ePart Three: describes a variety of structures and tranches, along with techniques used in structuring them\u003c\/p\u003e\u003cp\u003ePart Four: outlines the metrics and methodologies necessary toevaluate the potential risks and returns associated withmortgage-backed securities\u003c\/p\u003e\u003cp\u003eThe mortgage and MBS markets remain in a highly unsettled state, which makes a broad and sophisticated understanding of MBS marketsand products essential. The Second Edition of Mortgage-BackedSecurities offers you a realistic assessment of this field and willput you in a better position to excel in one of the most dynamicand challenging areas of finance.\u003c\/p\u003e\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eEven with the recent events that have occurred in this field, mortgage-backed securities (MBS) continue to comprise one of the largest securities markets in the world. However, since the publication of the first edition of \u003ci\u003eMortgage-Backed Securities\u003c\/i\u003e, both the consumer mortgage and MBS sectors have undergone significant changes--many of them resulting directly, and indirectly, from the collapse in mortgage performance that initially appeared in late 2006 and led to the financial crisis of 2007-2008. \u003c\/p\u003e\u003cp\u003eThat's why the expert author team of Frank Fabozzi, Anand Bhattacharya, and William Berliner--who have witnessed many cycles of change in the mortgage and MBS sectors--have returned to create the \u003ci\u003eSecond Edition\u003c\/i\u003e of \u003ci\u003eMortgage-Backed Securities\u003c\/i\u003e. In it, they skillfully reassess the MBS sector in the context of the changes resulting from the crisis, as well as explore the insights gained in the post-crisis period. \u003c\/p\u003e\u003cp\u003eEngaging and informative, this updated edition continues to address the investment characteristics, creation, and analysis of mortgage-backed securities, but now does so with the lessons and data accumulated from post-2006 events in mind. Along the way, it offers valuable insights that reflect the current market environment: reexamining prepayment behavior and analysis to describe the latest thinking on prepayment speeds and behavior, while taking into account credit and housing-related factors; and devoting an entirely new chapter to the evaluation of non-agency MBS. \u003c\/p\u003e\u003cp\u003eDivided into four comprehensive parts, this reliable resource contains cutting-edge concepts you'll need to understand in order to succeed within this arena. \u003c\/p\u003e\u003cp\u003e\u003cb\u003ePart One: \u003c\/b\u003e introduces the essential aspects of the mortgage and MBS markets \u003c\/p\u003e\u003cp\u003e\u003cb\u003ePart Two: \u003c\/b\u003e discusses prepayment and default behavior, along with an array of metrics and conventions used to quantify these activities \u003c\/p\u003e\u003cp\u003e\u003cb\u003ePart Three: \u003c\/b\u003e describes a variety of structures and tranches, along with techniques used in structuring them \u003c\/p\u003e\u003cp\u003e\u003cb\u003ePart Four: \u003c\/b\u003e outlines the metrics and methodologies necessary to evaluate the potential risks and returns associated with mortgage-backed securities \u003c\/p\u003e\u003cp\u003eThe mortgage and MBS markets remain in a highly unsettled state, which makes a broad and sophisticated understanding of MBS markets and products essential. The\u003ci\u003e Second Edition\u003c\/i\u003e of \u003ci\u003eMortgage-Backed Securities\u003c\/i\u003e offers you a realistic assessment of this field and will put you in a better position to excel in one of the most dynamic and challenging areas of finance.\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eFRANK J. FABOZZI, PHD, CFA, \u003c\/b\u003e is Professor of Finance at EDHEC Business School and a member of the EDHEC-Risk Institute. Prior to joining EDHEC, he held various professorial positions in finance at Yale University's School of Management from 1994 to 2011 and, from 1986 to 1992, was a visiting professor of finance and accounting at MIT's Sloan School of Management. He is also Editor of the \u003ci\u003eJournal of Portfolio Management.\u003c\/i\u003e \u003c\/p\u003e\u003cp\u003e\u003cb\u003eANAND K. BHATTACHARYA, PHD, \u003c\/b\u003e is a Professor of Practice in the Department of Finance, W. P. Carey School of Business, Arizona State University, and a Fixed Income Strategist with Stifel, Nicolaus \u0026amp; Company, Inc. He has consulted with various financial institutions on issues of balance sheet restructuring and asset valuation. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eWILLIAM S. BERLINER\u003c\/b\u003e is the Principal of Berliner Consulting \u0026amp; Research, LLC, a boutique firm specializing in mortgages and mortgage-backed securities. His primary focus is security and loan valuation and hedging, serving both institutional investors and mortgage originators. Berliner also writes a monthly column for \u003ci\u003eAsset Securitization Report.\u003c\/i\u003e\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 352\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.2 x 9.07 x 6.26 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e September 21, 2011\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":52478769496371,"sku":"9781118004692","price":107.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0300\/5595\/6612\/files\/a0hraUNFQWdHZzBNTG5jclVuU1QrZz09.webp?v=1759658350","url":"https:\/\/www.vysn.com\/en-ca\/products\/mortgage-backed-securities-2e-hardcover","provider":"VYSN","version":"1.0","type":"link"}