Andrew Davidson, Anthony Sanders, Lan-Ling Wolff, Anne Ching
Securitization (eBook, PDF)
Structuring and Investment Analysis
Schade – dieser Artikel ist leider ausverkauft. Sobald wir wissen, ob und wann der Artikel wieder verfügbar ist, informieren wir Sie an dieser Stelle.
Andrew Davidson, Anthony Sanders, Lan-Ling Wolff, Anne Ching
Securitization (eBook, PDF)
Structuring and Investment Analysis
- Format: PDF
- Merkliste
- Auf die Merkliste
- Bewerten Bewerten
- Teilen
- Produkt teilen
- Produkterinnerung
- Produkterinnerung
Bitte loggen Sie sich zunächst in Ihr Kundenkonto ein oder registrieren Sie sich bei
bücher.de, um das eBook-Abo tolino select nutzen zu können.
Hier können Sie sich einloggen
Hier können Sie sich einloggen
Sie sind bereits eingeloggt. Klicken Sie auf 2. tolino select Abo, um fortzufahren.
Bitte loggen Sie sich zunächst in Ihr Kundenkonto ein oder registrieren Sie sich bei bücher.de, um das eBook-Abo tolino select nutzen zu können.
A complete guide to securitization. * Analyzes leases, tax liens, and other new securitization markets developing globally. * Contains exercises and examples taken from real transactions. * Companion CD-ROM includes calculation tools and examples, data for models, ongoing updates on models, and Q&A with authors to address complex securitization questions.
- Geräte: PC
- eBook Hilfe
A complete guide to securitization. * Analyzes leases, tax liens, and other new securitization markets developing globally. * Contains exercises and examples taken from real transactions. * Companion CD-ROM includes calculation tools and examples, data for models, ongoing updates on models, and Q&A with authors to address complex securitization questions.
Produktdetails
- Produktdetails
- Verlag: John Wiley & Sons
- Seitenzahl: 576
- Erscheinungstermin: 12. April 2004
- Englisch
- ISBN-13: 9780471690016
- Artikelnr.: 37343601
- Verlag: John Wiley & Sons
- Seitenzahl: 576
- Erscheinungstermin: 12. April 2004
- Englisch
- ISBN-13: 9780471690016
- Artikelnr.: 37343601
ANDREW DAVIDSON, one of the most well-respected names in mortgage-backed securities and securitization, is President and founder of Andrew Davidson & Co., Inc., a New York--based consulting firm specializing in the application of analytical tools to investment management. The company provides consulting advice to many of the major firms in the securitization business. It is also a leading provider of prepayment and valuation models for MBS and ABS. Prior to forming the company in 1992, Davidson was a managing director at Merrill Lynch responsible for MBS, CMO, ABS, and Futures and Options Research. ANTHONY SANDERS is the Galbreath Distinguished Scholar and Professor of Finance at The Ohio State University. During 1997 and 1998, he was director and head of asset-backed and mortgage-backed securities research at Deutsche Bank. He has published numerous articles in journals such as the Journal of Finance, Journal of Financial and Quantitative Analysis, Journal of Business, and Journal of Fixed Income. LAN-LING WOLFF heads Fredell & Co. Structured Finance Ltd. in London, which specializes in providing structuring and arranging services for asset-backed securities all over Europe. Wolff's background in the U.S. mortgage-backed securities market and understanding of the European capital markets places her on the cutting edge of securitization globally. She specializes in residential mortgages and mortgage banking. ANNE CHING, a senior consultant at Andrew Davidson & Co., Inc., has worked in the credit risk and investment analysis of sub-prime residential and manufactured housing sectors. She has also worked on the structuring of non-U.S. mortgage-backed securities. The authors drew on the expertise of Andrew Davidson & Co., Inc., in preparing Securitization. The broad range of expertise of the firm's consultants, and the technical and analytical skills of the firm's analysts, provide a rich background that gives Securitization strong theoretical underpinnings, as well as a grounding in practical application of the theory and methods described in the book. Two associates from outside the firm, with additional specialized expertise, were enlisted as well.
PART ONE Introduction to Securitization CHAPTER 1 The Role of Securitization 3 CHAPTER 2 Fundamentals of Structuring 15 CHAPTER 3 Fundamentals of Investment Analysis 29 CHAPTER 4 Historical Performance of Asset-Backed Securities and Mortgage-Backed Securities 41 PART TWO Agency Mortgage-Backed Securities CHAPTER 5 Mortgage Loans: The Basis of Mortgage-Backed Securities 51 CHAPTER 6 Agency Pass-Throughs 75 CHAPTER 7 Fundamentals of the Interest-Rate Market 89 CHAPTER 8 Static Analysis for Mortgage Pass-Through Securities 109 CHAPTER 9 Mortgage-Backed Securities Prepayments 131 CHAPTER 10 Total-Return Scenario Analysis 155 PART THREE Advanced Mortgage-Backed Securities and Analysis CHAPTER 11 Structuring CMOs, IOs, and POs 185 CHAPTER 12 Interest-Rate Volatility, Options, and Models 215 CHAPTER 13 Option-Adjusted Spread 249 CHAPTER 14 Comparing Investment Alternatives 275 PART FOUR Non-Agency Mortgage-Backed Securities and Analyzing Credit Risk CHAPTER 15 Non-Agency Mortgage-Backed Securities 287 CHAPTER 16 Collateral Performance 303 CHAPTER 17 Home Equity and Subprime Loans 325 CHAPTER 18 Analysis of Credit-Sensitive Mortgage-Backed Securities 337 PART FIVE Asset-Backed Securities CHAPTER 19 Auto-Loan Asset-Backed Securities 355 CHAPTER 20 Credit-Card Asset-Backed Securities 367 CHAPTER 21 Manufactured-Housing Asset-Backed Securities 379 PART SIX Commercial Mortgages CHAPTER 22 Commercial Loans 391 CHAPTER 23 Commercial Mortgage-Backed Securities 409 CHAPTER 24 The Role of Real Estate Investment Trusts (REITs) 429 PART SEVEN The European Securitization Market CHAPTER 25 Development of a Market 447 CHAPTER 26 European Residential Mortgages 465 CHAPTER 27 European Securitization Legislation 489 CHAPTER 28 Structuring Asset-Backed Securities in Europe 503 Bibliography 527 Additional Resources 531 About the CD-ROM 533 Index 537
PART ONE: INTRODUCTION TO SECURITIZATION. Chapter 1. The Role of Securitization. Chapter 2. Fundamentals of Structuring. Chapter 3. Fundamentals of Investment Analysis. Chapter 4. Historical Performance of Asset
Backed Securities and Mortgage
Backed Securities. PART TWO: AGENCY MORTGAGE
BACKED SECURITIES. Chapter 5. Mortgage Loans. Chapter 6. Agency Pass
Throughs. Chapter 7. Fundamentals of the Interest
Rate Market. Chapter 8. Static Analysis for Mortgage Pass
Through Securities. Chapter 9. Mortgage
Backed Securities Prepayments. Chapter 10. Total
Return Scenario Analysis. PART THREE: ADVANCED MORTGAGE
BACKED SECURITIES AND ANALYSIS. Chapter 11. Structuring CMOs, IOs, and POs. Chapter 12. Interest
Rate Volatility, Options, and Models. Chapter 13. Option
Adjusted Spread. Chapter 14. Comparing Investment Alternatives. PART FOUR: NON
AGENCY MORTGAGE
BACKED SECURITIES AND ANALYZING CREDIT RISK. Chapter 15. Non
Agency Mortgage Backed Securities. Chapter 16. Collateral Performance. Chapter 17. Home Equity and Subprime Loans. Chapter 18. Analysis of Credit
Sensitive Mortgage
Backed Securities. PART FIVE: ASSET
BACKED SECURITIES. Chapter 19. Auto
Loan Asset
Backed Securities. Chapter 20. Credit Card Asset
Backed Securities. Chapter 21. Manufactured Housing Asset
Backed Securities. PART SIX: COMMERCIAL MORTGAGE. Chapter 22. Commercial Loans. Chapter 23. Commercial Mortgage
Backed Securities. Chapter 24. The Role of Real Estate Investment Trusts (REITs). PART SEVEN: EUROPEAN SECURITIZATION MARKET. Chapter 25. Development of a Market. Chapter 26. European Residential Mortgages. Chapter 27. European Securitization Legislation. Chapter 28. Structuring Asset
Backed Securities in Europe. Bibliography. Additional Resources. About the CD
ROM. Index.
Backed Securities and Mortgage
Backed Securities. PART TWO: AGENCY MORTGAGE
BACKED SECURITIES. Chapter 5. Mortgage Loans. Chapter 6. Agency Pass
Throughs. Chapter 7. Fundamentals of the Interest
Rate Market. Chapter 8. Static Analysis for Mortgage Pass
Through Securities. Chapter 9. Mortgage
Backed Securities Prepayments. Chapter 10. Total
Return Scenario Analysis. PART THREE: ADVANCED MORTGAGE
BACKED SECURITIES AND ANALYSIS. Chapter 11. Structuring CMOs, IOs, and POs. Chapter 12. Interest
Rate Volatility, Options, and Models. Chapter 13. Option
Adjusted Spread. Chapter 14. Comparing Investment Alternatives. PART FOUR: NON
AGENCY MORTGAGE
BACKED SECURITIES AND ANALYZING CREDIT RISK. Chapter 15. Non
Agency Mortgage Backed Securities. Chapter 16. Collateral Performance. Chapter 17. Home Equity and Subprime Loans. Chapter 18. Analysis of Credit
Sensitive Mortgage
Backed Securities. PART FIVE: ASSET
BACKED SECURITIES. Chapter 19. Auto
Loan Asset
Backed Securities. Chapter 20. Credit Card Asset
Backed Securities. Chapter 21. Manufactured Housing Asset
Backed Securities. PART SIX: COMMERCIAL MORTGAGE. Chapter 22. Commercial Loans. Chapter 23. Commercial Mortgage
Backed Securities. Chapter 24. The Role of Real Estate Investment Trusts (REITs). PART SEVEN: EUROPEAN SECURITIZATION MARKET. Chapter 25. Development of a Market. Chapter 26. European Residential Mortgages. Chapter 27. European Securitization Legislation. Chapter 28. Structuring Asset
Backed Securities in Europe. Bibliography. Additional Resources. About the CD
ROM. Index.
PART ONE Introduction to Securitization CHAPTER 1 The Role of Securitization 3 CHAPTER 2 Fundamentals of Structuring 15 CHAPTER 3 Fundamentals of Investment Analysis 29 CHAPTER 4 Historical Performance of Asset-Backed Securities and Mortgage-Backed Securities 41 PART TWO Agency Mortgage-Backed Securities CHAPTER 5 Mortgage Loans: The Basis of Mortgage-Backed Securities 51 CHAPTER 6 Agency Pass-Throughs 75 CHAPTER 7 Fundamentals of the Interest-Rate Market 89 CHAPTER 8 Static Analysis for Mortgage Pass-Through Securities 109 CHAPTER 9 Mortgage-Backed Securities Prepayments 131 CHAPTER 10 Total-Return Scenario Analysis 155 PART THREE Advanced Mortgage-Backed Securities and Analysis CHAPTER 11 Structuring CMOs, IOs, and POs 185 CHAPTER 12 Interest-Rate Volatility, Options, and Models 215 CHAPTER 13 Option-Adjusted Spread 249 CHAPTER 14 Comparing Investment Alternatives 275 PART FOUR Non-Agency Mortgage-Backed Securities and Analyzing Credit Risk CHAPTER 15 Non-Agency Mortgage-Backed Securities 287 CHAPTER 16 Collateral Performance 303 CHAPTER 17 Home Equity and Subprime Loans 325 CHAPTER 18 Analysis of Credit-Sensitive Mortgage-Backed Securities 337 PART FIVE Asset-Backed Securities CHAPTER 19 Auto-Loan Asset-Backed Securities 355 CHAPTER 20 Credit-Card Asset-Backed Securities 367 CHAPTER 21 Manufactured-Housing Asset-Backed Securities 379 PART SIX Commercial Mortgages CHAPTER 22 Commercial Loans 391 CHAPTER 23 Commercial Mortgage-Backed Securities 409 CHAPTER 24 The Role of Real Estate Investment Trusts (REITs) 429 PART SEVEN The European Securitization Market CHAPTER 25 Development of a Market 447 CHAPTER 26 European Residential Mortgages 465 CHAPTER 27 European Securitization Legislation 489 CHAPTER 28 Structuring Asset-Backed Securities in Europe 503 Bibliography 527 Additional Resources 531 About the CD-ROM 533 Index 537
PART ONE: INTRODUCTION TO SECURITIZATION. Chapter 1. The Role of Securitization. Chapter 2. Fundamentals of Structuring. Chapter 3. Fundamentals of Investment Analysis. Chapter 4. Historical Performance of Asset
Backed Securities and Mortgage
Backed Securities. PART TWO: AGENCY MORTGAGE
BACKED SECURITIES. Chapter 5. Mortgage Loans. Chapter 6. Agency Pass
Throughs. Chapter 7. Fundamentals of the Interest
Rate Market. Chapter 8. Static Analysis for Mortgage Pass
Through Securities. Chapter 9. Mortgage
Backed Securities Prepayments. Chapter 10. Total
Return Scenario Analysis. PART THREE: ADVANCED MORTGAGE
BACKED SECURITIES AND ANALYSIS. Chapter 11. Structuring CMOs, IOs, and POs. Chapter 12. Interest
Rate Volatility, Options, and Models. Chapter 13. Option
Adjusted Spread. Chapter 14. Comparing Investment Alternatives. PART FOUR: NON
AGENCY MORTGAGE
BACKED SECURITIES AND ANALYZING CREDIT RISK. Chapter 15. Non
Agency Mortgage Backed Securities. Chapter 16. Collateral Performance. Chapter 17. Home Equity and Subprime Loans. Chapter 18. Analysis of Credit
Sensitive Mortgage
Backed Securities. PART FIVE: ASSET
BACKED SECURITIES. Chapter 19. Auto
Loan Asset
Backed Securities. Chapter 20. Credit Card Asset
Backed Securities. Chapter 21. Manufactured Housing Asset
Backed Securities. PART SIX: COMMERCIAL MORTGAGE. Chapter 22. Commercial Loans. Chapter 23. Commercial Mortgage
Backed Securities. Chapter 24. The Role of Real Estate Investment Trusts (REITs). PART SEVEN: EUROPEAN SECURITIZATION MARKET. Chapter 25. Development of a Market. Chapter 26. European Residential Mortgages. Chapter 27. European Securitization Legislation. Chapter 28. Structuring Asset
Backed Securities in Europe. Bibliography. Additional Resources. About the CD
ROM. Index.
Backed Securities and Mortgage
Backed Securities. PART TWO: AGENCY MORTGAGE
BACKED SECURITIES. Chapter 5. Mortgage Loans. Chapter 6. Agency Pass
Throughs. Chapter 7. Fundamentals of the Interest
Rate Market. Chapter 8. Static Analysis for Mortgage Pass
Through Securities. Chapter 9. Mortgage
Backed Securities Prepayments. Chapter 10. Total
Return Scenario Analysis. PART THREE: ADVANCED MORTGAGE
BACKED SECURITIES AND ANALYSIS. Chapter 11. Structuring CMOs, IOs, and POs. Chapter 12. Interest
Rate Volatility, Options, and Models. Chapter 13. Option
Adjusted Spread. Chapter 14. Comparing Investment Alternatives. PART FOUR: NON
AGENCY MORTGAGE
BACKED SECURITIES AND ANALYZING CREDIT RISK. Chapter 15. Non
Agency Mortgage Backed Securities. Chapter 16. Collateral Performance. Chapter 17. Home Equity and Subprime Loans. Chapter 18. Analysis of Credit
Sensitive Mortgage
Backed Securities. PART FIVE: ASSET
BACKED SECURITIES. Chapter 19. Auto
Loan Asset
Backed Securities. Chapter 20. Credit Card Asset
Backed Securities. Chapter 21. Manufactured Housing Asset
Backed Securities. PART SIX: COMMERCIAL MORTGAGE. Chapter 22. Commercial Loans. Chapter 23. Commercial Mortgage
Backed Securities. Chapter 24. The Role of Real Estate Investment Trusts (REITs). PART SEVEN: EUROPEAN SECURITIZATION MARKET. Chapter 25. Development of a Market. Chapter 26. European Residential Mortgages. Chapter 27. European Securitization Legislation. Chapter 28. Structuring Asset
Backed Securities in Europe. Bibliography. Additional Resources. About the CD
ROM. Index.