1 of 1 people found the following review helpful:
5.0 out of 5 stars
Fabozzi is the best source for all things financial, December 19, 2001
By A Customer
This review is from: Credit Union Investment Management (Frank J. Fabozzi Series) (Paperback)
I am continually pleased with each and every fabozzi book I buy. The man is prolific and always provides you with real data, great overviews, and commentary by leading people in the field. This book is no exception.
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5.0 out of 5 stars
James Arndt, State Examiner, November 9, 2010
This review is from: Credit Union Investment Management (Frank J. Fabozzi Series) (Paperback)
An excellent tool for credit union investment analysis. As a State Examiner, I recommend this book for investing activities. This book details Asset Liability Management (ALM), the review of investments, CMO's Investments, Interest Rate and Liquidity Risk issues, details on 17/4 Stress Tests results (which are used in testing IRR with a 17/4 shock test of the balance sheet and devaluations of not only investments, but fixed rate real estate loans) with a 300 +/- shock of the overall balance sheet. Book also includes verbiage on valuations of fixed investment securities, CMO testing, Mortgage Pass Through Securities, ALM, liquidity issues, money market bonds, and non-mortgage CMO investments. This is an excellent investment training book for credit union staff.
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