The Handbook of Mortgage-Backed Securities

by Frank J. Fabozzi

The definitive MBS guide, with fully updated material on the latest mortgage-backed products, methods, models, and portfolio strategies By providing hands-on information vital to market participants, previous editions of The Handbook of Mortgage-Backed Securities were instrumental in fueling the growth of the mortgage-backed securities market. The sixth edition contains all the elements that made previous editions so successful and influential, and provides you with more than 25 new chapters on topics including collateralized mortgage obligations, prepayment derivatives, loan level determinants of repayments, new approaches to MBS valuation, and a survey of non-U.S. mortgage rates.

Genres: Finance

1272 pages, Hardcover

First published November 30, 1984

About the author

Frank J. Fabozzi is a Professor in the Practice of Finance and Becton Fellow in the Yale School of Management. He is well known as the author of numerous books on finance, both practitioner-focused and academic. Professor Frank J. Fabozzi will be joining Edhec Risk Institute on August 1, 2011. EDHEC-Risk Institute is part of EDHEC Business School, one of Europe’s leading business schools.

Reviews

[Joshua · Rating 5 out of 5]

I thought this was a very well-written and comprehensive book on MBS products, environment, modeling, and valuation. While more oriented towards theory than practice, each chapter starts with basics before building up to more complicated topics, with practical examples included throughout. Even though it took me about 1.5 months to read, I thought it was fairly approachable. Having completed Levels 1 and 2 of the CFA exams did help with a base understanding of certain finance topics, though.

I read this in association with starting a new job and I feel like it helped broaden my understanding of the MBS space.

[Johnothan · Rating 5 out of 5]

Detailed and intelligent book on MBSs; it's defiantly worth the time to read it.