{"product_id":"the-handbook-of-commercial-mortgage-backed-securities-isbn-9781883249496","title":"The Handbook of Commercial Mortgage-Backed Securities","description":"The Handbook of Commercial Mortgage-Backed Securities is a cornerstone reference in this emerging sector of the structured finance market. This Second Edition provides updated coverage of the market, the instruments, the tools used to assess these securities, and tax accounting issues.\u003cbr\u003e \u003cbr\u003e In addition to an overview of the commercial real estate finance and commercial property markets, this book also covers property-market framework for bond investors, the role of the servicer, an investor's perspective on commercial mortgage-backed coupon strips, defaults on commercial mortgages, assessing credit risk, an options approach to valuation and risk analysis, legal perspectives on disclosure issues, and federal income taxation.  Contributing Authors.\u003cbr\u003e \u003cbr\u003e List of Advertisers.\u003cbr\u003e \u003cbr\u003e SECTION I: BACKGROUND.\u003cbr\u003e \u003cbr\u003e 1. The CMBS Market: Past, Present, and Future (G. Gichon).\u003cbr\u003e \u003cbr\u003e 2. A Property Market Framework for Bond Investors (P. Corcoran).\u003cbr\u003e \u003cbr\u003e 3. Commercial Mortgage Default Rates and Loss Severity (R. Pelletier and A. Rudenstein).\u003cbr\u003e \u003cbr\u003e SECTION II: CMBS AND STRUCTURING ISSUES.\u003cbr\u003e \u003cbr\u003e 4. Commercial Mortgage-Backed Securities (J. DeMichele and W. Adams).\u003cbr\u003e \u003cbr\u003e 5. An Investor's Framework for Modeling and Analyzing CMBS (R. Trepp and J. Savitsky).\u003cbr\u003e \u003cbr\u003e 6. Structural Considerations Impacting CMBS (J. Dunlevy).\u003cbr\u003e \u003cbr\u003e 7. How CMBS Structuring Impacts the Performance of the Bond Classes (D. Jacob and L. Tong).\u003cbr\u003e \u003cbr\u003e 8. Understanding Prepayments in CMBS Deals (D. Cheng, et al.).\u003cbr\u003e \u003cbr\u003e 9. Investing in Subordinate CMBS Bonds (J. Mathew and E. Katz).\u003cbr\u003e \u003cbr\u003e SECTION III: RISK ANALYSIS.\u003cbr\u003e \u003cbr\u003e 10. CMBS: Developing Risk Management for a New Asset Class (M. Reilly and B. Golub).\u003cbr\u003e \u003cbr\u003e 11. Evaluating the Risk of Commercial Mortgage-Backed Securities (G. Pappadopoulos and J Fisher).\u003cbr\u003e \u003cbr\u003e 12. Rating of Commercial Mortgage -Backed Securities (J. Franzetti).\u003cbr\u003e \u003cbr\u003e 13. Assessing Credit Risk of CMBS (P. Corcoran and D. Kao).\u003cbr\u003e \u003cbr\u003e 14. Credit-Diven Prepayment and Default Analysis (M. Ervolini, et al.).\u003cbr\u003e \u003cbr\u003e 15. Understanding and Managing the Balloon Risk of Commercial Mortgages in CMBS (D. Jacob and P. Fastovsky).\u003cbr\u003e \u003cbr\u003e SECTION IV: VALUATION AND RELATIVE VALUE ANALYSIS.\u003cbr\u003e \u003cbr\u003e 16. A Framework for Risk and Relative Value Analysis of CMBS: Theory (D. Jacob, et al.).\u003cbr\u003e \u003cbr\u003e 17. A Framework for Risk and Relative Value Analysis of CMBS: Practice (D. Jacob and G. Gichon).\u003cbr\u003e \u003cbr\u003e 18. An Options Approach to Commercial Mortgages and CMBS Valuation and Risk Analysis (D. Jacob, et al.).\u003cbr\u003e \u003cbr\u003e 19. A Monte Carlo Default Pricing Model for CMBS (G. Pappadopoulos).\u003cbr\u003e \u003cbr\u003e 20. An Investor's Perspective on Commercial Mortgage-Backed Coupon Strips (K. Gollenberg).\u003cbr\u003e \u003cbr\u003e 21. High Yield Commercial Mortgage-Backed Securities (D. Jacob and G. Gichon).\u003cbr\u003e \u003cbr\u003e SECTION V: ACCOUNTING, TAXES, AND LEGAL ISSUES.\u003cbr\u003e \u003cbr\u003e 22. The Role of the Trustee (S. Davis, et al.).\u003cbr\u003e \u003cbr\u003e 23. Performing Financial Due Diligence Associated with Commercial Mortgage Securitizations (D. Baranick and S. Quraishi).\u003cbr\u003e \u003cbr\u003e 24. Generally Accepted Accounting Principles for Issuers of and Investors in CMBS (D. Baranick and R. Bennett).\u003cbr\u003e \u003cbr\u003e 25. Federal Income Taxation of REMICs and CMBS (J. Ferst and M. Miyashiro).\u003cbr\u003e \u003cbr\u003e Index. Frank J. Fabozzi is a financial consultant, the editor of the Journal of Portfolio Management, and Adjunct Professor of Finance at Yale University's School of Management.  The Handbook of Commercial Mortgage-Backed Securities is a cornerstone reference in this emerging sector of the structured finance market. This Second Edition provides updated coverage of the market, the instruments, the tools used to assess these securities, and tax accounting issues.  \u003cp\u003eIn addition to an overview of the commercial real estate finance and commercial property markets, this book also covers property-market framework for bond investors, the role of the servicer, an investor’s perspective on commercial mortgage-backed coupon strips, defaults on commercial mortgages, assessing credit risk, an options approach to valuation and risk analysis, legal perspectives on disclosure issues, and federal income taxation.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990246670565,"sku":"NP9781883249496","price":130.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781883249496.jpg?v=1761787051","url":"https:\/\/k12savings.com\/es\/products\/the-handbook-of-commercial-mortgage-backed-securities-isbn-9781883249496","provider":"K12savings","version":"1.0","type":"link"}