Handbook of Mortgage Backed Securities | 
 enlarge | Author: Frank J. Fabozzi
Publisher: McGraw-Hill
Category: Book
List Price: $95.00
Buy Used: $74.76
You Save: $20.24 (21%)
Used (6) from $74.76
Rating:  6 reviews
Sales Rank: 754471
Media: Hardcover
Edition: 5
Pages: 877
Number Of Items: 1
Shipping Weight (lbs): 3
Dimensions (in): 9.3 x 6.4 x 2.5
ISBN: 007135946X
Dewey Decimal Number: 332.6323
UPC: 639785326809
EAN: 9780071359467
ASIN: 007135946X
Publication Date: April 23, 2001
Availability: Usually ships in 1-2 business days
Condition: Great condition. Satisfaction guaranteed. Inventory subject to prior sale.
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Product Description
The definitive guide to mortgage-backed securities --now revised and updated The classic -- and single best -- resource for understanding and trading mortgage-backed securities has been brought fully up to date with The Handbook of Mortgage-Backed Securities, Fifth Edition, giving you timely insights into everything from fundamentals to investment characteristics of mortgage-backed securities, as well as state-of-the-art strategies for capitalizing on opportunities. The Handbook’s seven sections bring you up to speed on mortgages and pass-through securities; stripped mortgage-backed securities and collateralized mortgage obligations; credit-sensitive mortgage-backed securities; prepayment modeling; valuation techniques, relative value analysis, and portfolio strategies; commercial mortgage-backed securities; and non-U.S. mortgage-backed securities. This edition is more than just a revised edition – it’s practically a new book: twenty-nine of the chapters are either new or have been substantially revised, reflecting the most recent developments in the mortgage-backed securities market, in terms of both product development and financial technology. These entirely new sections give you a seamless transition into the 24-hour, global financial markets of the 21st century.
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| Customer Reviews: Read 1 more reviews...
 the most comprehensive book on the subject September 27, 2008
Alap Dave
The most comprehensive book on the subject period. If you are in the industry you must have it. Best used as a reference manual to go through whenever needed. Kinda bland book which you would not want to read to finish from page 1 to the end.
Details July 9, 2008
Oe. Ersan (Izmir)
This product is very beneficial for me. Because I would like to learn sth can't see easily about mortgage. This book covers both permanent examples and academic details.
On the other hand it contains too much article from different writer. So that We can learn different idea about mortgage and deduction for our study.
 Definitely lacking, but OK for traditional mortgage products March 27, 2007
B-school Student (Hanover, NH)
5 out of 5 found this review helpful
I have to say that Fabozzi has the formula down pat--he gets "guest writers" to contribute various chapters to this book and does very little writing himself. The result is a disjointed, sometimes repetitious, other times incomplete volume. This book focuses extensively on agency mortgages--Ginnies, Fannies, Freddies--and speaks only a bit to the Alt-A, subprime and more exotic privately-originated mortgage markets. To call this book comprehensive would be a lie. Although this book was highly recommended to me by a PM at a traditional long-only manager, I can only guess that previous versions were better, because this one was certainly a high-priced primer that still left many areas of the market uncovered. Areas that are glaringly missing (beyond non-agency topics) include the role of hedge funds, loss mitigation/foreclosure processes, more info on EPDs, and the erosion of lending standards/rise of the subprime market. I think that a chapter on common mortgage origination fraud issues is also merited.
This book is good for the basics, on agencies. Beyond that, it may leave you scratching your head and wondering, "And...." because there is a palpable sense of incompletion. Borrow this book from someone else that already has it--don't buy it!
Good book January 26, 2007
Steve Geller (FL)
1 out of 3 found this review helpful
If youre in the MBS business, you gotta have this as a reference book if nothing else. Its the industry standard. Item showed up brand new and good delivery.
A major reference August 2, 2000
8 out of 11 found this review helpful
A vast collection of articles by practitioners on Wall Street, this book covers a broad number of topics on Mortgage Backed Securities. While not a scholarly approach, 'street research' typically aims to educate the fixed income portfolio manager.
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