Collateralized Mortgage Obligations

Collateralized Mortgage Obligations PDF

Author: Frank J. Fabozzi

Publisher: John Wiley & Sons

Published: 1999-07-15

Total Pages: 272

ISBN-13: 9781883249625

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Financial experts Chuck Ramsey and Frank Ramirez join Frank Fabozzi for the third edition of Collateralized Mortgage Obligations: Structure & Analysis. Because of the complexity and the risk associated with CMOs, portfolio managers need specific keys to understand and unlock the potential of these unique investment tools. Fabozzi and company provide this understanding with detailed explanations of all aspects of CMOs, including factors affecting prepayment behavior; whole loan CMO structures; and accounting for CMO investments. Filled with relevant examples and in-depth discussions, Collateralized Mortgage Obligations: Structure & Analysis sheds light on this somewhat controversial and highly technical subject-which is one of the fastest-growing sectors of the fixed-income securities market.

Collateralized Mortgage Obligations

Collateralized Mortgage Obligations PDF

Author: Andrew S. Davidson

Publisher: Irwin Professional Publishing

Published: 1994

Total Pages: 312

ISBN-13:

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Authors and leading financial innovators Andrew S. Davidson, Thomas S. Y. Ho and Yung C. Lim provide tools to analyze a wide variety of CMO structures and discuss how to build a portfolio of CMOs that matches an investor's risk/reward profile. Most importantly, they show how to understand and manage the risks of these complex instruments so that investors will be able to recognize the rewards of CMOs while controlling the risk. Other topics addressed in this groundbreaking book include: understanding CMO deal structures; sequentials, subordinate PAC, TAC component scheduled floaters; superfloaters, inverse floaters, inverse floaters-IP and kitchen-sink bonds; prepayment volatility and vector-analysis; glossary of terms.

Collateralized Mortgage Obligations

Collateralized Mortgage Obligations PDF

Author: Frank J. Fabozzi

Publisher:

Published: 1993-04

Total Pages: 250

ISBN-13: 9781883249007

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Financial experts Chuck Ramsey and Frank Ramirez join Frank Fabozzi for the third edition of Collateralized Mortgage Obligations: Structure & Analysis. Because of the complexity and the risk associated with CMOs, portfolio managers need specific keys to understand and unlock the potential of these unique investment tools. Fabozzi and company provide this understanding with detailed explanations of all aspects of CMOs, including factors affecting prepayment behavior; whole loan CMO structures; and accounting for CMO investments. Filled with relevant examples and in-depth discussions, Collateralized Mortgage Obligations: Structure & Analysis sheds light on this somewhat controversial and highly technical subject-which is one of the fastest-growing sectors of the fixed-income securities market.

Collateralized Mortgage Obligations

Collateralized Mortgage Obligations PDF

Author: Daniel R. Amerman

Publisher: McGraw-Hill Companies

Published: 1996

Total Pages: 283

ISBN-13: 9780070014763

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A comprehensive introduction to the highly technical and often controversial subject of collateralized mortgage obligations (CMOs). It covers virtually every aspect of these securities, including tranching (the art of separating pooled mortgages into short-, medium- and long-term maturities), market participants, evaluation techniques, CMOs in bull and bear markets and more. A special section analyzes in depth all types of CMOs in existence.

Whole-loan CMOs

Whole-loan CMOs PDF

Author: Frank J. Fabozzi

Publisher: Irwin Professional Publishing

Published: 1995

Total Pages: 340

ISBN-13:

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The definitive book on one of the fastest growing segments of the collateralized mortgage obligations market. Unlike traditional CMOs which are backed by government agencies, whole loan CMOs are backed by private entities. As a result, whole loan CMOs expose investors to credit risk, in addition to the traditional prepayment risk. Containing contributions from the top people in the field, Whole Loan CMOs expose investors to credit risk, in addition to the traditional prepayment risk. Containing contributions from the top people in the field, Whole Loan CMOs provides investors with the analytical tools they need to capitalize in this exciting, new market. Specific topics include: introduction to whole-loan CMOs; investment characteristics of whole-loan CMOs; evaluating the credit risk of whole-loan CMOs; prepayment analysis of whole-loan CMOs.

Collateralized Debt Obligations

Collateralized Debt Obligations PDF

Author: Laurie S. Goodman

Publisher: John Wiley & Sons

Published: 2002-11-25

Total Pages: 386

ISBN-13: 0471445614

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A practical guide to the features and investment characteristics of CDOs In the bond area, collateralized debt obligations, which include collateralized bond obligations and collateralized loan obligations, are the fastest-growing sector. Collateralized Debt Obligations: Structures and Analysis describes the various products in this area-cash flow CDOs, market value CDOs, synthetic CDOs, etc.-and explains how to evaluate them. With this book as their guide, investment managers and institutional investors alike will learn how to analyze the risks associated with CDOs, create a portfolio of CDO products, and assess trading opportunities in the secondary market.