Frank Fabozzi and Chuck Ramsey update their treatise on nonagency mortgage backed securities in this third edition of The Handbook of Nonagency Mortgage Backed Securities. Focused on an important investing area that continues to grow, this book provides comprehensive coverage of all aspects of this specialized market sector, including the mortgage-related asset-backed securities market and commercial mortgage-backed securities. There is information on raw products, such as jumbo loans, alternative A mortgages, and 125 LTV mortgages, as well as structured products, analytical techniques, prepayment characteristics, and credit issues. This fast-growing segment also includes nonagency pass through, nonagency collateralized mortgage obligations, home loan equity-backed securities, and manufacture housing loan backed securities.
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Frank Fabozzi and Chuck Ramsey update their treatise on nonagency mortgage backed securities in this third edition of The Handbook of Nonagency Mortgage Backed Securities. Focused on an important investing area that continues to grow, this book provides comprehensive coverage of all aspects of this specialized market sector, including the mortgage-related asset-backed securities market and commercial mortgage-backed securities. There is information on raw products, such as jumbo loans, alternative A mortgages, and 125 LTV mortgages, as well as structured products, analytical techniques, prepayment characteristics, and credit issues. This fast-growing segment also includes nonagency pass through, nonagency collateralized mortgage obligations, home loan equity-backed securities, and manufacture housing loan backed securities.
About the Author
Frank J. Fabozzi is editor of the Journal of Portfolio Management and an Adjunct Professor of Finance at Yale University's School of Management. Frank is a Chartered Financial Analyst and Certified Public Accountant. He is on the board of directors of the Guardian Life family of funds and the BlackRock complex of funds. He earned a doctorate of economics from the City University of New York in 1972 and in 1994 received an honorary doctorate of Human Letters from Nova Southeastern University. Frank is a Fellow of the International Center for Finance at Yale University.
Chuck Ramsey is the Chairman and co-founder of Mortgage Risk Assessment Corporation. He was previously a General Partner at Bear Stearns & Co. where he ran the FHLMC/FNMA trading desk and was co-head of fixed income sales. At Bear Stearns he developed the first system on Wall Street for issuer analysis of mortgage-backed securities and the first prepayment model that used geographical differences in forecasting prepayments. He is considered the innovator of specified pool trading. Mr. Ramsey is a contributor to The Handbook of Fixed Income Securities. He holds an undergraduate degree from Lamar University.
Chuck Ramsey is the Chairman and co-founder of Mortgage Risk Assessment Corporation. He was previously a General Partner at Bear Stearns & Co. where he ran the FHLMC/FNMA trading desk and was co-head of fixed income sales. At Bear Stearns he developed the first system on Wall Street for issuer analysis of mortgage-backed securities and the first prepayment model that used geographical differences in forecasting prepayments. He is considered the innovator of specified pool trading. Mr. Ramsey is a contributor to The Handbook of Fixed Income Securities. He holds an undergraduate degree from Lamar University.
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Good book for daily use,
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This review is from: The Handbook of Nonagency Mortgage-Backed Securities, 2nd Edition (Hardcover)
This book had benefited me in my daily job. Our systems involving every area of MBS/ABS, and I could easily look up the area like Prepayment, Default/Loss, alt-A, HELOC, 125 LTV. Without this book, I could hardly understand the business logic behind the C++ code. Now with this book, I could finish my job at light speed.
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Inside This Book
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First Sentence:
The three U.S. government-chartered mortgage agencies are the foundation on which the entire mortgage-backed securities (MBS) market is based: the Federal National Mortgage Association (FNMA or "Fannie Mae," now its official corporate designation), the Federal Home Loan Mortgage Corporation (FHLMC or "Freddie Mac), and the Government National Mortgage Association (GNMA or "Ginnie Mae"). Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
nonagency sector, maximum compensating interest, compensating interest arrangements, home equity securities, subordinate percentage, borrower credit grade, refi incentive, equity loan prepayments, limited documentation loans, loan prepayment model, mortgage scoring systems, rtrm size oltv, commercial mortgage securities, refinancing profiles, home equity prepayments, stepdown date, credit support requirement, current coupon securities, more negatively convex, refinancing transaction costs, home equity sector, horizon yield curve, jumbo borrowers, jumbo sector, yield maintenance premiums Key Phrases - Capitalized Phrases (CAPs): (learn more)
Morgan Stanley, Freddie Mac, Fannie Mae, Financeable Balance, Debt Service Shortfall, Green Tree, New York, Prudential Securities, Wall Street, Yield Cumulative Loss, Residential Funding, Calculated Severity, Age Source, Balloon Shortfall, Avg Life, Commercial Mortgage Pass-Through Certificates, First Union, Fleet Finance, Ginnie Mae, The Money Store, Home Equity Loan Study, Lehman Brothers, Moody's Investors Service, Mortgage Certificates, North Carolina New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
The three U.S. government-chartered mortgage agencies are the foundation on which the entire mortgage-backed securities (MBS) market is based: the Federal National Mortgage Association (FNMA or "Fannie Mae," now its official corporate designation), the Federal Home Loan Mortgage Corporation (FHLMC or "Freddie Mac), and the Government National Mortgage Association (GNMA or "Ginnie Mae"). Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
nonagency sector, maximum compensating interest, compensating interest arrangements, home equity securities, subordinate percentage, borrower credit grade, refi incentive, equity loan prepayments, limited documentation loans, loan prepayment model, mortgage scoring systems, rtrm size oltv, commercial mortgage securities, refinancing profiles, home equity prepayments, stepdown date, credit support requirement, current coupon securities, more negatively convex, refinancing transaction costs, home equity sector, horizon yield curve, jumbo borrowers, jumbo sector, yield maintenance premiums Key Phrases - Capitalized Phrases (CAPs): (learn more)
Morgan Stanley, Freddie Mac, Fannie Mae, Financeable Balance, Debt Service Shortfall, Green Tree, New York, Prudential Securities, Wall Street, Yield Cumulative Loss, Residential Funding, Calculated Severity, Age Source, Balloon Shortfall, Avg Life, Commercial Mortgage Pass-Through Certificates, First Union, Fleet Finance, Ginnie Mae, The Money Store, Home Equity Loan Study, Lehman Brothers, Moody's Investors Service, Mortgage Certificates, North Carolina New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 9
books:
See all 9 books this book cites
17
books
cite this book:
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- Real Estate by George F. Bloom on page 451
- Modern Real Estate by Charles H. Wurtzebach on page 448
- Asset-Backed Securities (Frank J. Fabozzi Series) by Anand K. Bhattacharya in Back Matter
- Fixed Income Securities by Frank J. Fabozzi CFA on page 452
- Bond Portfolio Management, 2nd Edition by Frank J. Fabozzi CFA in Back Matter
See all 9 books this book cites
- Collateralized Mortgage Obligations: Structures and Analysis, 3rd Edition by Frank J. Fabozzi CFA on 9 pages
- Managing MBS Portfolios by Frank J. Fabozzi CFA on 4 pages
- Real Estate Backed Securities by Frank J. Fabozzi CFA on page 108, page 122, and page 123
- Housing Finance Systems for Countries in Transition: Principles and Examples by United Nations in Back Matter (1), and Back Matter (2)
- Why the Poor Pay More: How to Stop Predatory Lending by Gregory D. Squires on page 127, and page 129
See all 17 books citing this book
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