Mortgage and Mortgage-Backed Securities Markets

Mortgage and Mortgage-Backed Securities Markets is the first book to systematically address the complex subject of mortgages and mortgage-backed securities without being unduly mathematical. This book provides a review of the fundamental principles used in valuing fixed-income securities, then extends them to the various frames of analysis used in determining values for MBSs. Ultimately, Mortgage and Mortgage-Backed Securities Markets fills an important need for mortgage bankers, institutional investors, and other financial professionals who need to understand the mortgage market and its complex instruments.