The Handbook of Mortgage Backed Securities

by Frank J. Fabozzi

The definitive guide to mortgage-backed securities --now revised and updated The classic -- and single best -- resource for understanding and trading mortgage-backed securities has been brought fully up to date with The Handbook of Mortgage-Backed Securities, Fifth Edition, giving you timely insights into everything from fundamentals to investment characteristics of mortgage-backed securities, as well as state-of-the-art strategies for capitalizing on opportunities. The Handbook’s seven sections bring you up to speed on mortgages and pass-through securities; stripped mortgage-backed securities and collateralized mortgage obligations; credit-sensitive mortgage-backed securities; prepayment modeling; valuation techniques, relative value analysis, and portfolio strategies; commercial mortgage-backed securities; and non-U.S. mortgage-backed securities. This edition is more than just a revised edition – it’s practically a new book: twenty-nine of the chapters are either new or have been substantially revised, reflecting the most recent developments in the mortgage-backed securities market, in terms of both product development and financial technology. These entirely new sections give you a seamless transition into the 24-hour, global financial markets of the 21st century.

Genres: Finance

877 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.