Top 8 best asset backed securities fabozzi
Finding the best asset backed securities fabozzi suitable for your needs isnt easy. With hundreds of choices can distract you. Knowing whats bad and whats good can be something of a minefield. In this article, weve done the hard work for you.
1. Investing in Mortgage-Backed and Asset-Backed Securities, + Website: Financial Modeling with R and Open Source Analytics (Wiley Finance)
Description
A complete guide to investing in and managing a portfolio ofmortgage- and asset-backed securitiesMortgage- and asset-backed securities are not as complex as theymight seem. In fact, all of the information, financial models, andsoftware needed to successfully invest in and manage a portfolio ofthese securities are available to the investment professionalthrough open source software. Investing in Mortgage andAsset-Backed Securities + Website shows you how to achieve thisgoal.
The book draws entirely on publicly available data and opensource software to construct a complete analytic framework forinvesting in these securities. The analytic models used throughoutthe book either exist in the quantlib library, as an R package, orare programmed in R and incorporated into the analytic frameworkused.
- Examines the valuation of fixed-incomesecuritiesmetrics, valuation framework, and returnanalysis
- Covers residential mortgage-backed securitiessecuritycash flow, mortgage dollar roll, adjustable rate mortgages, andprivate label MBS
- Discusses prepayment modeling and the valuation of mortgagecredit
- Presents mortgage-backed securities valuationtechniquespass-through valuation and interest ratemodels
Engaging and informative, this book skillfully shows you how tobuild, rather than buy, models and proprietary analytical platformsthat will allow you to invest in mortgage- and asset-backedsecurities.
2. The Mechanics of Securitization: A Practical Guide to Structuring and Closing Asset-Backed Security Transactions
Description
A step-by-step guide to implementing and closing securitizationtransactionsSecuritization is still in wide use despite the reduction intransactions. The reality is that investors and institutionscontinue to use this vehicle for raising funds and the demand fortheir use will continue to rise as the world's capital needsincrease.
The Mechanics of Securitization specifically analyzes anddescribes the process by which a bank successfully implements andcloses a securitization transaction in the post subprime era. Thisbook begins with an introduction to asset-backed securities andtakes you through the historical impact of these transactionsincluding the implications of the recent credit crisis and how themarket has changed.
- Discusses, in great detail, rating agency reviews, liaisingwith third parties, marketing the deals, and securinginvestors
- Reviews due diligence and cash flow analysis techniques
- Examines credit and cash considerations as well as how to listand close deals
- Describes the process by which a bank will structure andimplement the deal, and how the process is project managed andtested across internal bank departments
While securitization transactions have been taking place forover twenty-five years, there is still a lack of information onexactly how they are processed successfully. This book will put youin a better position to understand how it all happens, and show youhow to effectively implement an ABS transaction yourself.
3. Investing in Asset-Backed Securities
Feature
Used Book in Good ConditionDescription
A collection of articles from various professionals, discussing the details of investing in asset-backed securities. Main topics addressed include non-real estate backed ABS, collateralized debt obligations, residential real-estate backed ABS, accounting, commercial mortgage backed securities, and analysis of ABS.4. Introduction to Securitization
Description
Introduction to Securitization outlines the basics ofsecuritization, addressing applications for this technology tomortgages, collateralized debt obligations, future flows, creditcards, and auto loans. The authors present a comprehensive overviewof the topic based on the experience they have gathered throughyears of interaction with practitioners and graduate studentsaround the world. The authors offer coverage of such key topics as:structuring agency MBS deals and nonagency deals, creditenhancements and sizing, using interest rate derivatives insecuritization transactions, asset classes securitized, operationalrisk factors, implications for financial markets, and applyingsecuritization technology to CDOs. Finally, in the appendices, theauthors provide an essential introduction to credit derivatives, anexplanation of the methodology for the valuation of MBS/ABS, andthe estimation of interest rate risk.Securitization is a financial technique that pools assetstogether and, in effect, turns them into a tradable security. Theend result of a securitization transaction is that a corporationcan obtain proceeds by selling assets and not borrowing funds. Inreal life, many securitization structures are quite complex andenigmatic for practitioners, investors, and finance students.Typically, books detailing this topic are either too lengthy, tootechnical, or too superficial in their presentation. Introductionto Securitization is the first to offer essential information onthis topic at a fundamental, yet comprehensive level-providingreaders with a working understanding of what has become one oftoday's most important areas of finance.
Authors Frank Fabozzi and Vinod Kothari, internationallyrecognized experts in the field, clearly define securitization,contrast it with corporate finance, and explain its advantages.They carefully illustrate the structuring of asset-backedsecurities (ABS) transactions, including agency mortgage-backedsecurities (MBS) deals and nonagency deals, and show the use ofcredit enhancements and interest rate derivatives in suchtransactions. They review the collateral classes in ABS, such asretail loans, credit cards, and future flows, and discuss ongoingfunding vehicles such as asset-backed commercial paper conduits andother structured vehicles. And they explain the different types ofcollateralized debt obligations (CDOs) and structured credit,detailing their structuring and analysis. To complement thediscussion, an introduction to credit derivatives is alsoprovided.
The authors conclude with a close look at securitization'simpact on the financial markets and the economy, with a review ofthe now well-documented problems of the securitization of one assetclass: subprime mortgages. While questions about the contributionof securitization have been tainted by the subprime mortgagecrisis, it remains an important process for corporations,municipalities, and government entities seeking funding. Thesignificance of this financial innovation is that it has been animportant form of raising capital for corporations and governmententities throughout the world, as well as a vehicle for riskmanagement. Introduction to Securitization offers practitioners andstudents a simple and comprehensive entry into the interestingworld of securitization and structured credit.
5. Asset-Backed Securities
Description
Asset-Backed Securities provides comprehensive coverage of the major asset-backed securities, structuring issues, and relative value analysis from the leading experts in the field. Comprehensive coverage includes the expanding frontiers of asset securitization, introduction to ABS accounting, trends in the structuring of ABSs, and prepayment nomenclature in the ABS market.6. The Handbook of Fixed Income Securities
Description
The worlds #1 fixed income book, now with 21 all-new chapters
The Handbook of Fixed Income Securities occupies the top spot as the most authoritative, widely read reference in the global fixed income marketplace. First published in 1983, this comprehensive survey of current knowledge features contributions from leading academics and practitioners and has carved out a niche that cannot and will not be equaled by any other single sourcebook.
Now, the thoroughly revised and updated seventh edition gives finance professionals the facts and formulas they need to compete in todays transformed marketplace. It places increased emphasis on applications, electronic trading, and global portfolio management, and features new chapters on topics including:
- Eurobonds
- Emerging market debt
- Credit risk modeling
- Synthetics
- CDOs
- Transition management
- And many more
7. Introduction to Structured Finance
Description
Created by the experienced author team of Frank Fabozzi, Henry Davis, and Moorad Choudhry, Introduction to Structured Finance examines the essential elements of this discipline. It is a convenient reference guidewhich covers all the important transaction types in one placeand an excellent opportunity to enhance your understanding of finance.8. Collateralized Debt Obligations: Structures and Analysis, 2nd Edition (Wiley Finance)
Feature
Collateralized Debt ObligationsStructures
Analysis
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