Mortgage & Mortgage-Backed Securities Markets - Frank J. Fabozzi - Hardcover

The U.S. mortgage market is larger than the markets for stocks & bonds combined, & the recent phenomenon of securitizing mortgages has resulted in a massive new securities market that brings together investment bankers, mortgage originators, & various classes of investors. This book provides in-depth discussion & analysis of the instruments traded in mortgage & mortgage-backed markets. The history & economic motives behind developing a variety of financially engineered securities are presented & explained. In addition, the analytic frameworks for valuing MBSs & the strategies of employing them within portfolios are illustrated.Fabozzi, Frank J. is the author of 'Mortgage & Mortgage-Backed Securities Markets - Frank J. Fabozzi - Hardcover' with ISBN 9780875843223 and ISBN 0875843220.