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An Investment Guide to Mortgage-Backed Securities
Publication Date: 2002-11-15
Number of pages: 256
This book takes investment professionals and sophisticated consumer investors through the strategy, mathematics, and risk management of mortgage securities. From a basic explanation of how these investments work to the detailed math behind the savviest decisions, author Laurence Taff covers: * how and why to invest in mortgage securities, as compared to other fixed-income instruments * different types of mortgages and their markets * how to predict and model interest rates using universally accepted methods * how rate changes, accelerated payment, and early payoff can affect return * and much more
All the information is supported by equations the author has developed in his career at one of the nation's largest issuers of mortgages and mortgage securities.