Mortgage and Mortgage-Backed Securities Markets

by Frank J. Fabozzi and Franco Modigliani

Book Overview

The American dream of home ownership has created the world's largest debt market - exceeding the stock and corporate bond markets combined. Mortgage-backed securities, financially engineered products of that debt, represent a unique challenge to professional investors, mortgage originators, bankers, regulators, and financial economists.

• Format: Hardcover
• Language: English
• ISBN: 0875843220
• ISBN13: 9780875843223
• Release Date: January 1992
• Publisher: Harvard Business Review Press
• Length: 341 Pages
• Weight: 1.60 lbs.
• Dimensions: 1.3" x 6.4" x 9.5"

Customer Reviews

Still relevant

This book may be dated, but if you want an in depth review of the fundamentals of all types of mortgages, pass-through securities, CMOs, and MBS valuation techniques this book should be your first stop. After reading this book, you will have the solid foundation that you need to read more advanced tomes and/or understand current developments in mortgage securitization.