Handbook of Mortgage Backed Securities (Hardcover) by Frank J Fabozzi

9780071359467. New condition. Hard cover. 5th Revised ed. Language: English. Pages: 877. Sewn binding. Cloth over boards. 877 p. Contains: Illustrations. This title offers updated profit-enhancement strategies for today's hottest investment market. Mortgage backed securities are a tremendously popular low-risk/high-return investment class - and Frank Fabozzi's revised, expanded "The Handbook of Mortgage Backed Securities" remains the essential high-level book for trading and understanding these innovative products. This authoritative classic explains the latest fundamentals, characteristics, and strategies for ensuring greater profits in this growing market. Fabozzi's focus on applied materials made previous editions required reading for market practitioners. In addition, 20 new or substantially revised chapters in this edition both increase and expand the book's coverage of: latest valuation techniques; bond portfolio management; hedging strategies; prepayment behavior and modeling Whole loan CMOs default models; and option-adjusted spread analysis.