New Developments in Securitization, 1996 PDF Download

Author:
Publisher:
ISBN: 9780872242968
Category : Asset-backed financing
Languages : en
Pages : 560

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Author:
Publisher:
ISBN:
Category : Asset-backed financing
Languages : en
Pages : 1192

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Author: Leon T. Kendall
Publisher: MIT Press
ISBN: 9780262611633
Category : Business & Economics
Languages : en
Pages : 200

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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.

Author: Kravitt
Publisher: Wolters Kluwer
ISBN: 0735561923
Category : Law
Languages : en
Pages : 1902

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Author: Frank J. Fabozzi
Publisher: John Wiley & Sons
ISBN: 9781883249458
Category : Business & Economics
Languages : en
Pages : 268

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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.

Author:
Publisher:
ISBN:
Category : Asset-backed financing
Languages : en
Pages : 544

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Author:
Publisher:
ISBN: 9780872243958
Category : Asset-backed financing
Languages : en
Pages : 552

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Author: Euromoney Publications PLC.
Publisher:
ISBN:
Category : Asset-backed financing
Languages : en
Pages : 16

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Author:
Publisher:
ISBN: 9780872242197
Category : Asset-backed financing
Languages : en
Pages : 288

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Author:
Publisher:
ISBN: 9781402445002
Category : Asset-backed financing
Languages : en
Pages : 0

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