Publisher's Synopsis
Modelled after the best-selling book "Mortgage-Backed Securities", "The Mortgage-Backed Securities Workbook" provides exercises and problems to help financial professionals master the intricacies of the $2 trillion mortgage-backed securities market. Focusing on analytical techniques and valuation methods, the workbook shows readers how to use a variety of approaches to measure the risk/reward potential of any single MBS or an entire portfolio of MBSs. Although designed to be used with the "Mortgage-Backed Securities" book, the workbook contains sufficient explanatory material to also stand alone. Readers will discover ways to: successfully calculate MBS prepayment rates; combine MBS analytical techniques for maximum effect; understand and manipulate scenario, binomial, and option-adjusted spread analysis.
