Introduction to Securitization

Introduction to Securitization offers practitioners and students a simple and comprehensive entry into the interesting world of securitization and structured credit. It outlines the basics of securitization, addressing applications for this technology to mortgages, collateralized debt obligations, future flows, credit cards, and auto loans. This book clearly defines securitization, contrasts it with corporate finance, and explains its advantages. Introduction to Securitization is the first to offer essential information on this topic at a fundamental, yet comprehensive level-providing readers with a working understanding of what has become one of today's most important areas of finance.