{"product_id":"mortgage-backed-securities-products-structuring-and-analytical-techniques-9781118004692","title":"Mortgage-Backed Securities: Products, Structuring, and Analytical Techniques","description":"\u003cp\u003e • Author(s): Frank J. Fabozzi\u003cbr\u003e • Publisher: Wiley\u003cbr\u003e • Publisher Imprint: Wiley\u003cbr\u003e • BISAC: Investments \u0026amp; Securities - Real Estate\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eFrom the Inside Flap\u003c\/b\u003e\u003cbr\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","brand":"Wiley","offers":[{"title":"Hardcover","offer_id":45115734786199,"sku":"9781118004692","price":6827.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9781118004692.webp?v=1767271012","url":"https:\/\/atlanticbooks.com\/products\/mortgage-backed-securities-products-structuring-and-analytical-techniques-9781118004692","provider":"Atlantic Books","version":"1.0","type":"link"}