The Handbook of Mortgage-Backed Securities

by Frank J. Fabozzi (Editor)

This edition of The Handbook of Mortgage-Backed Securities, the first revision following the subprime mortgage crisis, is designed to provide not only the fundamentals of these securities and the investment characteristics that make them attractive to a broad range of investors, but also extensive coverage on the state-of-the-art strategies for capitalizing on the opportunities in this market. The book is intended for both the individual investor and the
professional manager. The volume includes contributions from a wide range of experts most of whom have been actively involved in the evolution of the mortgage-backed securities market.

Genres: Finance

830 pages, Kindle Edition

First published November 30, 1984

About the author

Frank J. Fabozzi is a Professor in the Practice of Finance and Becton Fellow in the Yale School of Management. He is well known as the author of numerous books on finance, both practitioner-focused and academic. Professor Frank J. Fabozzi will be joining Edhec Risk Institute on August 1, 2011. EDHEC-Risk Institute is part of EDHEC Business School, one of Europe’s leading business schools.

Reviews

[Joshua · Rating 5 out of 5]

I thought this was a very well-written and comprehensive book on MBS products, environment, modeling, and valuation. While more oriented towards theory than practice, each chapter starts with basics before building up to more complicated topics, with practical examples included throughout. Even though it took me about 1.5 months to read, I thought it was fairly approachable. Having completed Levels 1 and 2 of the CFA exams did help with a base understanding of certain finance topics, though.

I read this in association with starting a new job and I feel like it helped broaden my understanding of the MBS space.

[Johnothan · Rating 5 out of 5]

Detailed and intelligent book on MBSs; it's defiantly worth the time to read it.