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Salomon Smith Barney Guide to Mortgage-Backed and Asset-Backed Securities by Lakhbir Hayre (2001, Hardcover)

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Assembles recent research conducted by analysts at Salomon Smith Barney examining the contemporary mortgage-based securities (MBS) and asset-backed securities (ABS) markets. Annotation c. Book News, Inc., Portland, OR ().

About this product

Product Identifiers

PublisherWiley & Sons, Incorporated, John

ISBN-100471385875

ISBN-139780471385875

eBay Product ID (ePID)1884570

Product Key Features

Book TitleSalomon Smith Barney Guide to Mortgage-Backed and Asset-Backed Securities

Number of Pages896 Pages

LanguageEnglish

Publication Year2001

TopicFinance / General, Investments & Securities / Real Estate, Investments & Securities / General

IllustratorYes

GenreBusiness & Economics

AuthorLakhbir Hayre

Book SeriesWiley Finance Ser.

FormatHardcover

Dimensions

Item Height1.9 in

Item Weight46.4 Oz

Item Length9.3 in

Item Width6.3 in

Additional Product Features

Intended AudienceTrade

LCCN2001-025865

Dewey Edition21

Series Volume Number83

Dewey Decimal332.63/23

Table Of ContentIntroduction. 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.

SynopsisMortgage-backed and asset-backed securities are fixed-income securities, like bonds, which derive their return from an underlying mortgage or basket of mortgages, or an asset or basket of assets. This market has increased from about $100 billion in 1980 to over $2. 5 trillion today., The Industrys Most Comprehensive Treatment of the Modern MBS/ABS Marketplace From the Pioneers Who Helped Create the Market "Lakhbir Hayres work ranks in the top echelon of fixed income research of the past two decades. Both new entrants and seasoned market professionals can benefit from the insights compiled in this volume." Greg Parseghian, Senior Vice President and Chief Investment Officer, Freddie Mac "This is an enormously comprehensive study of the MBS and ABS markets by one of the most respected people in the field. Its unmatched wealth of institutional and technical detail make it an invaluable reference to anyone interested in these markets." Richard Stanton, Associate Professor of Finance Haas School of Business, University of California, Berkeley "This is an excellent and comprehensive guide that is clearly required reading for anyone interested in these important financial markets. I particularly liked the many explicit examples of prepayment modeling approaches." Francis A. Longstaff, Professor of Finance The Anderson School, University of California, Los Angeles High credit quality and superior returns have contributed to the growth of MBSs and ABSs in the institutional investment community. Let the Salomon Smith Barney Guide to Mortgage-Backed and Asset-Backed Securities provide you with the expert, in-depth treatment you need to understand and profit from MBS and ABS investments., Mortgage-backed and asset-backed securities are fixed-income securities, like bonds, which derive their return from an underlying mortgage or basket of mortgages, or an asset or basket of assets. This market has increased from about $100 billion in 1980 to over $2.5 trillion today. Filling the void for a new book on fixed-income, Salomon Smith Barney Guide to Mortgage-Backed and Asset-Backed Securities provides a coherent and comprehensive approach to the subject. Featuring material used by the company, this book is an ideal training tool and resource for investment professionals, institutional investors, pension fund investors, and hedge-fund investors. Lakhbir Hayre (New York, NY) is a mortgage officer at Salomon Smith Barney, and their leading expert on mortgage-backed and asset-backed securities. He is a Certified Financial Analyst and a Doctor of Philosophy., 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.

LC Classification NumberHG4655.S25 2001