Posted on: 15th Nov, 2006 10:33 pm
The purpose of Basics of Mortgage-Backed Securities is to provide readers with a fundamental understanding of mortgage securities as an integral part of investment in fixed-income securities. The second edition of this MBS classic provides the latest information on the U.S. residential mortgage market, adjustable-rate mortgages and mortgage pass-throughs, relative value analyses and performance characteristics.
The book is good to know more about investment in fixed-income securities. But for me it is a bit costly at $57, even if it had been in the range of $20-$25, I would have purchased it - Jonatha Brooke
The author of this book has covered some very important points in just 144 pages. The Mortgage Backed Securities, at over 2 trillion dollars is all set to exceed the US treasury market and most liquid bond market. But this market is still viewed as highly specialized due to complications in security structure and prepayment optionally. The author has explained these complications clearly giving the readers confidence to enter this market.
Hot damn, lokinog pretty useful buddy.