Mortgage-Backed Securities: Products, Structuring, and Analytical Techniques

An up-to-date look at the latest innovations in mortgage-backed securitiesSince the last edition of Mortgage-Backed Securities was published over three years ago, much has changed in the structured credit market. Frank Fabozzi, Anand Bhattacharya, and William Berliner all have many years of experience working in the fixed-income securitization markets, and have witnessed many cycles of change in the mortgage and MBS sectors. And now, with the Second Edition of Mortgage-Backed Securities, they share their knowledge on many of the products and structuring innovations that have taken place since the financial crisis and fiscal reform.Written in a straightforward and accessible style, and containing numerous illustrations, this timely guide skillfully addresses the investment characteristics, creation, and analysis of mortgage-backed securities. Each chapter contains cutting-edge concepts that you'll need to understand in order to thrive within this arena.Discusses the dynamic interaction between the mortgage industry, home prices, and credit performanceAddresses revised valuation techniques in which all non-agency MBS must be treated as credit piecesExamines the shift in this marketplace since the crisis and the impact on industry and investorsFilled with in-depth insights and expert advice, Mortgage-Backed Securities, Second Edition offers you a realistic assessment of this field and outlines the products, structures, and analytical techniques you need to know about in this evolving arena.

Casio Men's FT500WV-5BV Forester Electro-Luminescent Analog Sport Watch

Sport Watches
Explore the great outdoors -- or at least feel like you're on safari -- with this rugged-looking analog watch from Casio. The Forester Watch offers a quick-drying nylon band accented by leather detailing where it joins to the resin-and-stainless-steel case with a sturdy screw-down bezel. A tan dial showcases easy-to-read brown Arabic hour indicators and small 24-hour indicators as well as small black minute markers. A date window at the three o'clock position adds to this nature-ready water-resistant watch. Skeleton hands and an electro-luminescent dial illuminates at the touch of a button for easy time-telling whether you're inside a tent or a darkened car.

Quartz movement
Protective mineral crystal protects watch from scratches
Case diameter: 41.7 mm
Resin-and-stainless-steel case; date function
Water resistant to 330 feet (100 M): suitable for snorkeling, as well as swimming, but not diving