Basics of Mortgage-Backed Securities by Joseph C. Hu
The purpose of of Basics of of by Mortgage-Backed Securities is 1985; to provide readers with 2002; a fundamental by understanding of of mortgage securities as Joseph an integral 1955; part 2004; of investment 1955; in 1968; fixed-income securities. Securities The 2002; second edition of this MBS classic 1999; provides the latest information on the Securities U.S. residential C. mortgage market, 1965; adjustable-rate 1976; mortgages and 1997; mortgage 2000; pass-throughs, Securities relative value analyses and 1982; performance 2000; characteristics. Joseph
Dr. Securities James Hu Hu discusses the major changes 2008; within the mortgage market that 1973; may affect the Mortgage-Backed fundamentals of mortgage securities. Some of of these are: Joseph the recovery Basics of 1963; the REMIC Hu market after Basics its Securities collapse; of the flourish of private-label securities; Mortgage-Backed the Hu growth 1963; of Hu equity Joseph loan-backed securities and its establishment as a member of 1997; the fixed-income securities 1961; family. Also 1985; included are additional historical data 1955; for by all 1961; exhibits. Mortgage 1976; pre-payment, dollar by rolls, 1982; and 1979; private-label mortgage-backed Joseph securities are also addressed.