Title: Securitization : structuring and investment analysis /
Authors: Davidson, Andrew S.
Publisher: Wiley,
Year: 2003
Subjects: Mortgage-backed securities United States; Asset-backed financing United States; Portfolio management United States; Mortgage-backed securities Europe.; Asset-backed financing Europe.; Portfolio management Europe.; Asset-backed financing; Mortgage-backed securities; Portfolio management; Effectenhandel.; Portfolio-theorie.; Europe; United States
Abstract: "Securitization functions as both a reference and a textbook, providing insight into not just how securitization operates, but also why. It provides a broad overview of securitization, in-depth discussions of particular products, and hands-on learning of key concepts with exercises at the end of each chapter. A companion CD-ROM, which includes calculation tools and data for models, enhances the learning experience. With Securitization, you will better understand choices available to you as an issuer or an investor, and be able to make better decisions every day."--BOOK JACKET.
Contents: Pt. 1. Introduction to Securitization -- Ch. 1. The Role of Securitization -- Ch. 2. Fundamentals of Structuring -- Ch. 3. Fundamentals of Investment Analysis -- Ch. 4. Historical Performance of Asset-Backed Securities and Mortgage-Backed Securities -- Pt. 2. Agency Mortgage-Backed Securities -- Ch. 5. Mortgage Loans: The Basis of Mortgage-Backed Securities -- Ch. 6. Agency Pass-Throughs -- Ch. 7. Fundamentals of the Interest-Rate Market -- Ch. 8. Static Analysis for Mortgage Pass-Through Securities -- Ch. 9. Mortgage-Backed Securities Prepayments -- Ch. 10. Total-Return Scenario Analysis -- Pt. 3. Advanced Mortgage-Backed Securities and Analysis -- Ch. 11. Structuring CMOs, IOs, and POs -- Ch. 12. Interest-Rate Volatility, Options, and Models -- Ch. 13. Option-Adjusted Spread -- Ch. 14. Comparing Investment Alternatives -- Pt. 4. Non-Agency Mortgage-Backed Securities and Analyzing Credit Risk -- Ch. 15. Non-Agency Mortgage-Backed Securities -- Ch. 16. Collateral Performance -- Ch. 17. Home Equity and Subprime Loans -- Ch. 18. Analysis of Credit-Sensitive Mortgage-Backed Securities -- Pt. 5. Asset-Backed Securities -- Ch. 19. Auto-Loan Asset-Backed Securities -- Ch. 20. Credit-Card Asset-Backed Securities -- Ch. 21. Manufactured-Housing Asset-Backed Securities -- Pt. 6. Commercial Mortgages -- Ch. 22. Commercial Loans -- Ch. 23. Commercial Mortgage-Backed Securities -- Ch. 24. The Role of Real Estate Investment Trusts (REITs) -- Pt. 7. The European Securitization Market -- Ch. 25. Development of a Market -- Ch. 26. European Residential Mortgages -- Ch. 27. European Securitization Legislation -- Ch. 28. Structuring Asset-Backed Securities in Europe.