Lakhbir Hayre (Hrsg.)

Salomon Smith Barney Guide to Mortgage-Backed and Asset-Backed Securities

Herausgegeben:Hayre, Lakhbir

• Gebundenes Buch

Produktbeschreibung

Der Markt für hypothekarisch gedeckte und forderungsbesicherte Wertpapiere ist seit 1980 von etwa 1 Milliarde US Dollar auf über 2,5 Billionen US Dollar angestiegen. Der "Salomon Smith Barney Guide to Mortgaged-Backed and Asset-Backed Securities" trägt dieser Entwicklung Rechnung. Autor Lakhbir Hayre, Mitarbeiter von Salomon Smith Barney, New York, erläutert dieses Thema anhand von unternehmeninternem Material anschaulich, zusammenhängend, praxisnah und umfassend. Dieses Buch ist nicht nur ein nützlicher Leitfaden für die Praxis, sondern auch ein ideales Übungsbuch und Nachschlagewerk für alle Investmentprofis, institutionelle Anleger und Anleger in Pensionsfonds und Hedge Funds.

Produktdetails

• Wiley Finance Editions
• Verlag: Wiley & Sons
• 1. Auflage
• Seitenzahl: 896
• Erscheinungstermin: 7. Mai 2001
• Englisch
• Abmessung: 239mm x 162mm x 47mm
• Gewicht: 1290g
• ISBN-13: 9780471385875
• ISBN-10: 0471385875
• Artikelnr.: 09739954

Autorenporträt

Lakhbir Hayre is a Managing Director at Salomon Smith Barney, whose responsibilities include global mortgage- and asset-backed research. He is a recognized expert on the market, has published numerous articles on the topic, and is a former Chairman of the Mortgage Research Committee of the Bond Market Association. He has a doctorate in mathematical statistics from Oxford University, and was a Professor of Statistics at the Wharton School, University of Pennsylvania, before coming to Wall Street in the mid-1980s.

Inhaltsangabe

Introduction. AN OVERVIEW OF THE MARKET. A Concise Guide to Mortgage-Backed
Securities (MBSs). An Introduction to the Asset-Backed Securities (ABSs)
Market. The Mechanics of Investing in Mortgage- and Asset-Backed
Securities. PREPAYMENT ANALYSIS AND MODELING. Anatomy of Prepayments: The
Salomon Smith Barney (SSB) Prepayment Model. Random Error in Prepayment
Projections. The Mortgage Origination Process. The Impact of the Internet
on Prepayments. COLLATERAL SECTORS. Ginnie Mae. Adjustable Rate Mortgages
(ARMs). Hybrid ARMs. Jumbo Loans. Alternative-A Loans. OPTION-ADJUSTED
SPREADS AND DURATIONS. The SSB Two-Factor Term Structure Model. Mortgage
Durations and Price Moves. AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS
(CMOs) AND STRIPPED MBSs. Structuring Mortgage Cash-Flows. COMMERCIAL
MORTGAGE-BACKED SECURITIES (CMBSs). A Guide to CMBs. A Guide to Interest
Only CMBSs. A Guide to Fannie Mae DUS MBSs. MORTGAGE-RELATED ASSET-BACKED
SECURITIES. Home Equity Loan (HEL) Securities. Prepayments on RFC
Fixed-Rate Sub-Prime/HELs. Manufactured Housing (MH) Loan Securities.
NON-MORTGAGE-RELATED ASSET-BACKED SECURITIES. Class C Notes: Opening the
Next Frontier in Credit Card Asset-Backed Securities. A Fresh Look at
Credit Card Subordinate Clauses. Recreational Vehicle and Boat Loan ABSs.
The ABCs of CDO Equity. Student Loans. NON-U.S. MARKETS. The Mortgages
Market in the United Kingdom. The CMBs Market in the United Kingdom. The
Mortgage Market in Australia. APPENDICES.