{"product_id":"securitization-structuring-and-investment-analysis-multiple-component-retail-product-parts-enclosed-9780471022602","title":"Securitization; Structuring and Investment Analysis (Multiple-component retail product, part(s) enclosed) 9780471022602","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eSecuritization\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eStructuring and Investment Analysis\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eAndrew Davidson (Author), Anthony Sanders (Author), Lan-Ling Wolff (Author), Anne Ching (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780471022602, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eMultiple-component retail product, part(s) enclosed, published 19 September 2003\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e576 pages, Charts: 155 B\u0026amp;W, 0 Color; Tables: 146 B\u0026amp;W, 0 Color\u003cbr\u003e23.6 x 16.3 x 3.4 cm, 0.928 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eA complete guide to securitization.\u003cbr\u003e * Analyzes leases, tax liens, and other new securitization markets developing globally.\u003cbr\u003e * Contains exercises and examples taken from real transactions.\u003cbr\u003e * Companion CD-ROM includes calculation tools and examples, data for models, ongoing updates on models, and Q\u0026amp;A with authors to address complex securitization questions.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003e\u003cb\u003ePart One Introduction to Securitization\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 The Role of Securitization 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSummary of Major Asset Classes 4\u003c\/p\u003e \u003cp\u003eKey Concepts 7\u003c\/p\u003e \u003cp\u003eKey Players in Securitization 9\u003c\/p\u003e \u003cp\u003eKey Investment Characteristics of Securities (Bonds) 11\u003c\/p\u003e \u003cp\u003eExercises 12\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Fundamentals of Structuring 15\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIssuer’s Motivations: Legal, Accounting, and Tax Considerations 15\u003c\/p\u003e \u003cp\u003eIssues in Balance-Sheet Analysis 18\u003c\/p\u003e \u003cp\u003eThe Structuring Process 20\u003c\/p\u003e \u003cp\u003eIssuing Vehicles 20\u003c\/p\u003e \u003cp\u003eExercises 27\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Fundamentals of Investment Analysis 29\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTypes of Investors 32\u003c\/p\u003e \u003cp\u003eAnalyzing Securities 35\u003c\/p\u003e \u003cp\u003eExercises 40\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Historical Performance of Asset-Backed Securities and Mortgage-Backed Securities 41\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eComparing Returns on Alternative Asset-Backed Securities and Mortgage-Backed Securities Investments 41\u003c\/p\u003e \u003cp\u003eA Case Study of Market Turbulence 43\u003c\/p\u003e \u003cp\u003ePerformance of Mortgage-Backed Securities and Asset-Backed Securities 45\u003c\/p\u003e \u003cp\u003eExercises 47\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two Agency Mortgage-Backed Securities\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Mortgage Loans: The Basis of Mortgage-Backed Securities 51\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Is a Mortgage? 51\u003c\/p\u003e \u003cp\u003eHow Large Is the Mortgage Market? 53\u003c\/p\u003e \u003cp\u003eTypes of Mortgages 54\u003c\/p\u003e \u003cp\u003eAdjustable-Rate Mortgages 62\u003c\/p\u003e \u003cp\u003eGraduated-Payment Mortgages 65\u003c\/p\u003e \u003cp\u003eShared-Appreciation Mortgages 66\u003c\/p\u003e \u003cp\u003eReverse-Annuity Mortgage 67\u003c\/p\u003e \u003cp\u003eMortgage Default and Legal Issues Concerning Mortgages 68\u003c\/p\u003e \u003cp\u003eThe Federal National Mortgage Association\/Federal Home Loan Mortgage Corporation Uniform Loan Contract 73\u003c\/p\u003e \u003cp\u003eExercises 74\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Agency Pass-Throughs 75\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Role of Government Agencies and Government-Sponsored Enterprises 75\u003c\/p\u003e \u003cp\u003eBrief History of the Agency Market 76\u003c\/p\u003e \u003cp\u003eKey Terms for Agency Pass-Throughs 80\u003c\/p\u003e \u003cp\u003eMechanics of the Pool Programs 82\u003c\/p\u003e \u003cp\u003eAgency Programs 82\u003c\/p\u003e \u003cp\u003eTrading of Agency Mortgage-Backed Securities 84\u003c\/p\u003e \u003cp\u003eExercises 87\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Fundamentals of the Interest-Rate Market 89\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBond Prices and Interest Rates 89\u003c\/p\u003e \u003cp\u003eForward Rates and Risk Neutrality 98\u003c\/p\u003e \u003cp\u003eCompleting the Curve 104\u003c\/p\u003e \u003cp\u003eExercises 107\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Static Analysis for Mortgage Pass-Through Securities 109\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMethodology 109\u003c\/p\u003e \u003cp\u003eCollateral 110\u003c\/p\u003e \u003cp\u003eStructure 114\u003c\/p\u003e \u003cp\u003eResults 120\u003c\/p\u003e \u003cp\u003eExercises 127\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Mortgage-Backed Securities Prepayments 131\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSources of Prepayments 132\u003c\/p\u003e \u003cp\u003ePrepayment Data 133\u003c\/p\u003e \u003cp\u003eAnalyzing Prepayments 136\u003c\/p\u003e \u003cp\u003ePrepayment Models 144\u003c\/p\u003e \u003cp\u003eExercises 152\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Total-Return Scenario Analysis 155\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMethodology 156\u003c\/p\u003e \u003cp\u003eCollateral 164\u003c\/p\u003e \u003cp\u003eStructure 166\u003c\/p\u003e \u003cp\u003eResults 169\u003c\/p\u003e \u003cp\u003eExercises 178\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Three Advanced Mortgage-Backed Securities and Analysis\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Structuring CMOs, IOs, and POs 185\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCollateralized-Mortgage Obligations as Rules 187\u003c\/p\u003e \u003cp\u003ePrincipal-Pay Types 196\u003c\/p\u003e \u003cp\u003eInterest-Pay Types 196\u003c\/p\u003e \u003cp\u003eSequential Bonds 196\u003c\/p\u003e \u003cp\u003ePro Rata Bonds 198\u003c\/p\u003e \u003cp\u003eScheduled Bonds 200\u003c\/p\u003e \u003cp\u003eSequential PACs and Other Combinations 205\u003c\/p\u003e \u003cp\u003eInterest Only and Principal Only 206\u003c\/p\u003e \u003cp\u003eSenior\/Subordinated Structures 208\u003c\/p\u003e \u003cp\u003eExercises 209\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Interest-Rate Volatility, Options, and Models 215\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Concept and Measures of Volatility 215\u003c\/p\u003e \u003cp\u003eValuation in Stochastic Arbitrage-Free World 224\u003c\/p\u003e \u003cp\u003eValuation of Options and Embedded-Option Bonds 228\u003c\/p\u003e \u003cp\u003eTerm-Structure Models 241\u003c\/p\u003e \u003cp\u003eExercises 247\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Option-Adjusted Spread 249\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMethodology 249\u003c\/p\u003e \u003cp\u003eCollateral 261\u003c\/p\u003e \u003cp\u003eStructure 263\u003c\/p\u003e \u003cp\u003eResults 264\u003c\/p\u003e \u003cp\u003eExercises 268\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 Comparing Investment Alternatives 275\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMortgage-Backed Securities 275\u003c\/p\u003e \u003cp\u003eInterest Only and Principal Only Securities 277\u003c\/p\u003e \u003cp\u003eCollateralized-Mortgage Obligations 279\u003c\/p\u003e \u003cp\u003eExercises 283\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Four Non-Agency Mortgage-Backed Securities and Analyzing Credit Risk\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 Non-Agency Mortgage-Backed Securities 287\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHistorical Overview of the Non-Agency\/Private-Label Market 287\u003c\/p\u003e \u003cp\u003ePrivate-Label Mortgage-Backed Securities Collateral Types 288\u003c\/p\u003e \u003cp\u003eCredit Enhancement 289\u003c\/p\u003e \u003cp\u003eExercises 301\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16 Collateral Performance 303\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCollateral Cash Flows 303\u003c\/p\u003e \u003cp\u003eModeling Collateral Cash Flows 303\u003c\/p\u003e \u003cp\u003eExercises 323\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17 Home Equity and Subprime Loans 325\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHome Equity Loan Asset-Backed Securities Issuance 325\u003c\/p\u003e \u003cp\u003eEnvironment 330\u003c\/p\u003e \u003cp\u003ePrepayment 330\u003c\/p\u003e \u003cp\u003eHome Equity Loan Asset-Backed Securities 331\u003c\/p\u003e \u003cp\u003eExercises 335\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18 Analysis of Credit-Sensitive Mortgage-Backed Securities 337\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMethodology 338\u003c\/p\u003e \u003cp\u003eCollateral 339\u003c\/p\u003e \u003cp\u003eStructure 342\u003c\/p\u003e \u003cp\u003eResults 346\u003c\/p\u003e \u003cp\u003eExercises 352\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Five Asset-Backed Securities\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19 Auto-Loan Asset-Backed Securities 355\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAuto Asset-Backed Securities Issuance 355\u003c\/p\u003e \u003cp\u003eCollateral and Loan Characteristics 355\u003c\/p\u003e \u003cp\u003eEnvironment 357\u003c\/p\u003e \u003cp\u003eValuation 364\u003c\/p\u003e \u003cp\u003eExercises 365\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 20 Credit-Card Asset-Backed Securities 367\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCredit-Card Asset-Backed Securities Issuance 367\u003c\/p\u003e \u003cp\u003eCredit-Card Asset-Backed Securities Structures 369\u003c\/p\u003e \u003cp\u003eRating Agency Criteria 373\u003c\/p\u003e \u003cp\u003eExercises 377\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 21 Manufactured-Housing Asset-Backed Securities 379\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eManufactured-Housing Asset-Backed Securities Issuance 379\u003c\/p\u003e \u003cp\u003eCollateral and Loan Features 382\u003c\/p\u003e \u003cp\u003eManufactured-Housing Asset-Backed Securities Structures 383\u003c\/p\u003e \u003cp\u003ePrepayments 384\u003c\/p\u003e \u003cp\u003eRating Agency Criteria 386\u003c\/p\u003e \u003cp\u003eRecent Performance in Context 388\u003c\/p\u003e \u003cp\u003eExercises 388\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Six Commercial Mortgages\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 22 Commercial Loans 391\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTypes of Income-Producing Properties 391\u003c\/p\u003e \u003cp\u003eGeneral Risk Evaluation 392\u003c\/p\u003e \u003cp\u003eLeases 397\u003c\/p\u003e \u003cp\u003eValuing Income-Producing Properties 398\u003c\/p\u003e \u003cp\u003eImpact of Financial Leverage 400\u003c\/p\u003e \u003cp\u003eExercises 408\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 23 Commercial Mortgage-Backed Securities 409\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCommercial Mortgage-Backed Securities: An Overview 409\u003c\/p\u003e \u003cp\u003eThe Underlying Loan Portfolio 417\u003c\/p\u003e \u003cp\u003eRole of the Servicer 424\u003c\/p\u003e \u003cp\u003eCreating a Commercial Mortgage-Backed Securities Model 425\u003c\/p\u003e \u003cp\u003eThe Future of Commercial Mortgage-Backed Securities 425\u003c\/p\u003e \u003cp\u003eExercises 426\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 24 The Role of Real Estate Investment Trusts (REITs) 429\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBackground 429\u003c\/p\u003e \u003cp\u003eQualifying as a Real Estate Investment Trust 430\u003c\/p\u003e \u003cp\u003eTax Ramifications for Real Estate Investment Trusts 430\u003c\/p\u003e \u003cp\u003eTypes of Real Estate Investment Trusts 430\u003c\/p\u003e \u003cp\u003eReal Estate Investment Trust Structures 431\u003c\/p\u003e \u003cp\u003eProperty Types 432\u003c\/p\u003e \u003cp\u003eA Bit of History 434\u003c\/p\u003e \u003cp\u003eReal Estate Investment Trust Initial Public Offerings 436\u003c\/p\u003e \u003cp\u003eInternational Real Estate Return Performance 437\u003c\/p\u003e \u003cp\u003eReal Estate Investment Trust Valuation 438\u003c\/p\u003e \u003cp\u003eOther Factors Influencing Real Estate Investment Trust Valuation and Performance 442\u003c\/p\u003e \u003cp\u003eExercises 443\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Seven The European Securitization Market\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 25 Development of a Market 447\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSize of Market 449\u003c\/p\u003e \u003cp\u003eType of Assets 453\u003c\/p\u003e \u003cp\u003eSecuritization Outside Europe and the United States 460\u003c\/p\u003e \u003cp\u003eExercises 464\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 26 European Residential Mortgages 465\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eProperty Value Loss and Default Risk 469\u003c\/p\u003e \u003cp\u003eLegal and Tax Issues for Residential Mortgages 471\u003c\/p\u003e \u003cp\u003eMortgage Collateral Characteristics 476\u003c\/p\u003e \u003cp\u003ePrincipal Payment Rules 478\u003c\/p\u003e \u003cp\u003eInterest Payment Rules 482\u003c\/p\u003e \u003cp\u003ePrepayments and Other Risks 484\u003c\/p\u003e \u003cp\u003eExercises 487\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 27 European Securitization Legislation 489\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eType of Law 489\u003c\/p\u003e \u003cp\u003eSecuring the Asset 491\u003c\/p\u003e \u003cp\u003eExercises 502\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 28 Structuring Asset-Backed Securities in Europe 503\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe European Approach 503\u003c\/p\u003e \u003cp\u003eAssessing the Collateral 504\u003c\/p\u003e \u003cp\u003eIssues in Bond Structuring 514\u003c\/p\u003e \u003cp\u003eLegal Process and Counterparties 520\u003c\/p\u003e \u003cp\u003eTiming and Costs 524\u003c\/p\u003e \u003cp\u003eExercises 525\u003c\/p\u003e \u003cp\u003eBibliography 527\u003c\/p\u003e \u003cp\u003eAdditional Resources 531\u003c\/p\u003e \u003cp\u003eAbout the CD-ROM 533\u003c\/p\u003e \u003cp\u003eIndex 537\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52511565873432,"sku":"9780471022602","price":76.79,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9780471022602.jpg?v=1786604411","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/securitization-structuring-and-investment-analysis-multiple-component-retail-product-parts-enclosed-9780471022602","provider":"Freshly Printed Books","version":"1.0","type":"link"}