Whole-loan CMOs

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Frank J. Fabozzi Associates, 1995 - Business & Economics - 297 pages
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The definitive book on one of the fastest growing segments of the collateralized mortgage obligations market. Unlike traditional CMOs which are backed by government agencies, whole loan CMOs are backed by private entities. As a result, whole loan CMOs expose investors to credit risk, in addition to the traditional prepayment risk. Containing contributions from the top people in the field, Whole Loan CMOs expose investors to credit risk, in addition to the traditional prepayment risk. Containing contributions from the top people in the field, Whole Loan CMOs provides investors with the analytical tools they need to capitalize in this exciting, new market. Specific topics include: introduction to whole-loan CMOs; investment characteristics of whole-loan CMOs; evaluating the credit risk of whole-loan CMOs; prepayment analysis of whole-loan CMOs.

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Contents

WHOLELOAN CMO STRUCTURES
23
Fundamental Differences Between Agency
41
WholeLoan CMO Modeling Systems
47
Copyright

10 other sections not shown

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About the author (1995)

Ramsey is managing director of Structural Capital Management and the CEO of Mortgage Rick Assessment Corporation.

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