Description
Surveys strategies for taking advantage of opportunities in the mortgage-based securities market, and covers mortgage products, pass-through securities, prepayment forecasting, collateralized mortgage obligations, valuation techniques, and tax considerations
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A thorough survey of state-of-the-art strategies for capitalizing on the opportunities in the mortgage-backed securities market, examining the fundamentals of these securities and the investment characteristics that make them attractive to a broad range of investors. This edition (2nd was 1988) is substantially rewritten: 32 of the 41 chapters are new, while the other nine contain updated information. Annotation copyright Book News, Inc. Portland, Or.
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