This edition ofThe Handbook of Mortgage-Backed Securities, the first revision following the subprime mortgage crisis, is designed to provide not only the fundamentals of these securities and the investment characteristics that make them attractive to a broad range of investors, but also extensive coverage on the state-of-the-art strategies for capitalizing on the opportunities in this market. The book is intended for both the individual investor and the professional manager. The volume includes contributions from a wide range of experts most of whom have been actively involved in the evolution of the mortgage-backed securities market.
PART ONE: BACKGROUND 1. Mortgage Loans to Mortgage-Backed Securities,Bill Berliner, Adam Quinones and Anand K. Bhattacharya 2. Understanding the Prospectus and Prospectus Supplement,David M. Lukach,Thomas Knox, Eliza Kwong, and Anoop Lall 3. Cash Flow Mathematics For Agency Mortgage-Backed Securities,Frank J. Fabozzi 4. New Regulations for Securitizations and Asset-Backed Securities,Sharon Brown-Hruska, Georgi Tsvetkov, and Trevor Wagener 5. Impact of the Credit Crisis on MBS Markets,Andrew Carron, Anne Gron, and Tom Schopflocher PART TWO: AGENCY RMBS: BASIC PRODUCTS 6. Agency Passthroughs,Frank J. Fabozzi, Glenn Schultz, and Linda Lowell 7. Hybrid ARMs,Bill Berliner, Anand K. Bhattacharya, and Steve Banerjee 8. Customized Mortgage-Backed Securities,Anand K. Bhattacharya, Bill Berliner, and Steve Banerjee 9. Single Family Rental Deals,Debra Chen 10. Agency Credit Risk Sharing Deals,Debra Chen 11. Agency Mortgage-Backed Securities: Performance, Valuation and Risk Premium Comparatives,Philip Obazee and Ion Dan PART THREE: AGENCY RMBS: MUTLI-CLASS 12. Agency CMOs,Frank Fabozzi 13. Agency Planned Amortization Class Bonds,