Introduction to Mortgages & Mortgage Backed Securities, 1st Edition

  • Published By:
  • ISBN-10: 0124045936
  • ISBN-13: 9780124045934
  • DDC: 332.63247
  • Grade Level Range: College Freshman - College Senior
  • 256 Pages | eBook
  • Original Copyright 2013 | Published/Released June 2014
  • This publication's content originally published in print form: 2013

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In Introduction to Mortgages & Mortgage Backed Securities, author Richard Green combines current practices in real estate capital markets with financial theory so readers can make intelligent business decisions. After a behavioral economics chapter on the nature of real estate decisions, he explores mortgage products, processes, derivatives, and international practices. By focusing on debt, his book presents a different view of the mortgage market than is commonly available, and his primer on fixed-income tools and concepts ensures that readers understand the rich content he covers. Including commercial and residential real estate, this book explains how the markets work, why they collapsed in 2008, and what countries are doing to protect themselves from future bubbles. Green's expertise illuminates both the fundamentals of mortgage analysis and the international paradigms of products, models, and regulatory environments.

Table of Contents

Front Cover.
Half Title Page.
Title Page.
Copyright Page.
1: Contributors and Acknowledgments.
2: A Brief History of Mortgages.
3: Mortgage Originations and the Mortgage Chain.
4: The Work-Horse American Mortgage: The 30-Year Fixed-Rate Mortgage.
5: Other Types of Mortgages.
6: Underwriting Mortgages and Mortgage Default.
7: Mortgage-Backed Securities and Derivatives.
8: Multifamily Mortgages.
9: International Comparisons of Mortgages.
10: The Subprime Crisis.
11: Consumers in Mortgage Markets.
12: The Yield Curve, Monte Carlo Methods, and the Option-Adjusted Spread.
13: A Brief Discussion of Duration and Convexity.
14: The Rise and Fall of Fannie Mae and Freddie Mac: Lessons Learned and Options for Reform.