Author:
Publisher:
ISBN: 9780872242968
Category : Asset-backed financing
Languages : en
Pages : 560
Book Description
New Developments in Securitization, 1996
Author:
Publisher:
ISBN: 9780872242968
Category : Asset-backed financing
Languages : en
Pages : 560
Book Description
Publisher:
ISBN: 9780872242968
Category : Asset-backed financing
Languages : en
Pages : 560
Book Description
New Developments in Securitization
Author:
Publisher:
ISBN:
Category : Asset-backed financing
Languages : en
Pages : 1192
Book Description
Publisher:
ISBN:
Category : Asset-backed financing
Languages : en
Pages : 1192
Book Description
A Primer on Securitization
Author: Leon T. Kendall
Publisher: MIT Press
ISBN: 9780262611633
Category : Business & Economics
Languages : en
Pages : 200
Book Description
A Primer on Securitization introduces readers to America's newest system of raising capital: what it is, how it operates, and what difference securitization makes. Gathering fourteen lectures by the pioneers of securitization and by current practitioners--from Freddie Mac, Paine Webber, JP Morgan, Chrysler, McKinsey & Co, and other major players-- A Primer on Securitization introduces readers to America's newest system of raising capital: what it is, how it operates, and what difference securitization makes.The securitization process bypasses financial intermediaries that have historically collected deposits and loaned them to those seeking funds, and links borrowers directly to money and capital markets. Although little has been written about what is perhaps one of the most important innovations to emerge in financial markets since the 1930s, securitization has revolutionized the way that the borrowing needs of consumers and businesses are met. Today, for example, over two-thirds of all home loans are being securitized, along with substantial percentages of auto loans and credit card receivables, and the process continues to expand into new fields including synthetic securities. Authoritative and practical, these lectures show how securitization was developed to fill a gap in financial markets. They discuss the nature and causes of the market imperfections that made securitization a valuable source of funds, and describe how securitization has linked local mortgage markets with international capital markets. Readers will gain a broad perspective of the different parties--the borrower, the loan originator, the servicer, the rating agency, the special purpose vehicle, the credit enhancer, the underwriter, and the investor--as well as a detailed analysis of how these parties relate to one another. From the inception of the secondary mortgage market through the collapse of the Granite funds, readers will learn not only about the success but also about the excesses and failures that typically accompany the development of any product in the real or financial sector.
Publisher: MIT Press
ISBN: 9780262611633
Category : Business & Economics
Languages : en
Pages : 200
Book Description
A Primer on Securitization introduces readers to America's newest system of raising capital: what it is, how it operates, and what difference securitization makes. Gathering fourteen lectures by the pioneers of securitization and by current practitioners--from Freddie Mac, Paine Webber, JP Morgan, Chrysler, McKinsey & Co, and other major players-- A Primer on Securitization introduces readers to America's newest system of raising capital: what it is, how it operates, and what difference securitization makes.The securitization process bypasses financial intermediaries that have historically collected deposits and loaned them to those seeking funds, and links borrowers directly to money and capital markets. Although little has been written about what is perhaps one of the most important innovations to emerge in financial markets since the 1930s, securitization has revolutionized the way that the borrowing needs of consumers and businesses are met. Today, for example, over two-thirds of all home loans are being securitized, along with substantial percentages of auto loans and credit card receivables, and the process continues to expand into new fields including synthetic securities. Authoritative and practical, these lectures show how securitization was developed to fill a gap in financial markets. They discuss the nature and causes of the market imperfections that made securitization a valuable source of funds, and describe how securitization has linked local mortgage markets with international capital markets. Readers will gain a broad perspective of the different parties--the borrower, the loan originator, the servicer, the rating agency, the special purpose vehicle, the credit enhancer, the underwriter, and the investor--as well as a detailed analysis of how these parties relate to one another. From the inception of the secondary mortgage market through the collapse of the Granite funds, readers will learn not only about the success but also about the excesses and failures that typically accompany the development of any product in the real or financial sector.
Securitization of Financial Assets
Author: Kravitt
Publisher: Wolters Kluwer
ISBN: 0735561923
Category : Law
Languages : en
Pages : 1902
Book Description
Publisher: Wolters Kluwer
ISBN: 0735561923
Category : Law
Languages : en
Pages : 1902
Book Description
Trends in Commercial Mortgage-Backed Securities
Author: Frank J. Fabozzi
Publisher: John Wiley & Sons
ISBN: 9781883249458
Category : Business & Economics
Languages : en
Pages : 268
Book Description
Mortgage-backed securities are becoming an increasingly popular tool for constructing a solid portfolio in today's turbulent market. Frank Fabozzi leads more than a dozen experts in examining all the latest trends of this investment strategy, providing in-depth insight and explaining key areas of the commercial mortgage-backed securities landscape. Topics covered include measuring risks in the whole-loan commercial market, multi-family mortgage-backed securities, and B Pieces. Following on the heels of Advances in Mortgage-Backed Securities and The Handbook of Commercial Mortgage-Backed Securities, Trends in Commercial Mortgage-Backed Securities further demonstrates editor Fabozzi's authority in the subject.
Publisher: John Wiley & Sons
ISBN: 9781883249458
Category : Business & Economics
Languages : en
Pages : 268
Book Description
Mortgage-backed securities are becoming an increasingly popular tool for constructing a solid portfolio in today's turbulent market. Frank Fabozzi leads more than a dozen experts in examining all the latest trends of this investment strategy, providing in-depth insight and explaining key areas of the commercial mortgage-backed securities landscape. Topics covered include measuring risks in the whole-loan commercial market, multi-family mortgage-backed securities, and B Pieces. Following on the heels of Advances in Mortgage-Backed Securities and The Handbook of Commercial Mortgage-Backed Securities, Trends in Commercial Mortgage-Backed Securities further demonstrates editor Fabozzi's authority in the subject.
New Developments in Securitization, 1993
Author:
Publisher:
ISBN:
Category : Asset-backed financing
Languages : en
Pages : 544
Book Description
Publisher:
ISBN:
Category : Asset-backed financing
Languages : en
Pages : 544
Book Description
New Developments in Securitization, 1997
Author:
Publisher:
ISBN: 9780872243958
Category : Asset-backed financing
Languages : en
Pages : 552
Book Description
Publisher:
ISBN: 9780872243958
Category : Asset-backed financing
Languages : en
Pages : 552
Book Description
Guide to Securitization 1996/97
Author: Euromoney Publications PLC.
Publisher:
ISBN:
Category : Asset-backed financing
Languages : en
Pages : 16
Book Description
Publisher:
ISBN:
Category : Asset-backed financing
Languages : en
Pages : 16
Book Description
New Developments in Securitization, 1995
Author:
Publisher:
ISBN: 9780872242197
Category : Asset-backed financing
Languages : en
Pages : 288
Book Description
Publisher:
ISBN: 9780872242197
Category : Asset-backed financing
Languages : en
Pages : 288
Book Description
Understanding the Securitization of Subprime Mortgage Credit
Author: Adam B. Ashcraft
Publisher: DIANE Publishing
ISBN: 1437925146
Category :
Languages : en
Pages : 76
Book Description
Provides an overview of the subprime mortgage securitization process and the seven key informational frictions that arise. Discusses the ways that market participants work to minimize these frictions and speculate on how this process broke down. Continues with a complete picture of the subprime borrower and the subprime loan, discussing both predatory borrowing and predatory lending. Presents the key structural features of a typical subprime securitization, documents how rating agencies assign credit ratings to mortgage-backed securities, and outlines how these agencies monitor the performance of mortgage pools over time. The authors draw upon the example of a mortgage pool securitized by New Century Financial during 2006. Illustrations.
Publisher: DIANE Publishing
ISBN: 1437925146
Category :
Languages : en
Pages : 76
Book Description
Provides an overview of the subprime mortgage securitization process and the seven key informational frictions that arise. Discusses the ways that market participants work to minimize these frictions and speculate on how this process broke down. Continues with a complete picture of the subprime borrower and the subprime loan, discussing both predatory borrowing and predatory lending. Presents the key structural features of a typical subprime securitization, documents how rating agencies assign credit ratings to mortgage-backed securities, and outlines how these agencies monitor the performance of mortgage pools over time. The authors draw upon the example of a mortgage pool securitized by New Century Financial during 2006. Illustrations.