Salomon Smith Barney Guide to Mortgage-backed and Asset-backed Securities

Salomon Smith Barney Guide to Mortgage-backed and Asset-backed Securities

Book - 2001
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Mortgage-backed and asset-backed securities are fixed-income securities, like bonds, which derive their return from an underlying mortgage or basket of mortgages, or an asset or basket of assets. This market has increased from about $100 billion in 1980 to over $2.5 trillion today. Filling the void for a new book on fixed-income, Salomon Smith Barney Guide to Mortgage-Backed and Asset-Backed Securities provides a coherent and comprehensive approach to the subject. Featuring material used by the company, this book is an ideal training tool and resource for investment professionals, institutional investors, pension fund investors, and hedge-fund investors.
Lakhbir Hayre (New York, NY) is a mortgage officer at Salomon Smith Barney, and their leading expert on mortgage-backed and asset-backed securities. He is a Certified Financial Analyst and a Doctor of Philosophy.

Book News
Assembles recent research conducted by analysts at Salomon Smith Barney examining the contemporary mortgage-based securities (MBS) and asset-backed securities (ABS) markets. The volume is organized sequentially, with self-contained chapters suitable for training and educating. It provides a general framework for modeling of prepayment rates on residential mortgage loans; how the Internet is changing the mortgage origination process; collateralized mortgage obligations (CMOs); option-adjusted spreads and durations; nonmortgage-related ABSs; and MBS and collateralized mortgage-backed securities (CMBS) markets in the UK and the MBS market in Australia. Appendices include a glossary of terms, an investors' resource guide, information on risk-based capital standards, and basic mortgage mathematics. Annotation c. Book News, Inc., Portland, OR (

Publisher: New York : John Wiley, [2001]
Copyright Date: ©2001
ISBN: 9780471385875
Branch Call Number: 332.6323 SALOM
Characteristics: xi, 876 pages : illustrations ; 24 cm
Additional Contributors: Hayre, Lakhbir 1964-


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