{"product_id":"advances-in-the-valuation-and-management-of-mortgage-backed-securities-isbn-9781883249526","title":"Advances in the Valuation and Management of Mortgage-Backed Securities","description":"Advances in the Valuation and Management of Mortgage-Backed Securities details the latest developments for valuing mortgage-backed securities and measuring and controlling the interest rate risk of these securities. Complete coverage includes: decomposition of mortgage spreads, MBS index replication strategies and market neutral strategies, Monte Carlo\/OAS methodology, valuation of inverse floaters and ARMs, relative value analysis, and hedging mortgage instruments against level risk and yield curve risk.  Contributing Authors.\u003cbr\u003e \u003cbr\u003e 1. Decomposition of Mortgage Spreads (A. Bhattacharya and I. Koren).\u003cbr\u003e \u003cbr\u003e 2. Replicating the MBS Index Risk and Return Characteristics Using Proxy Portfolios (A. Majidi).\u003cbr\u003e \u003cbr\u003e 3. Market Neutral Trading Strategies (G. Hall).\u003cbr\u003e \u003cbr\u003e 4. Total Return Analysis in CMO Portfolio Management (D. Canuel and C. Melchreit).\u003cbr\u003e \u003cbr\u003e 5. Non-Traded Factors in MBS Portfolio Management (A. Levin and D. Daras).\u003cbr\u003e \u003cbr\u003e 6. Valuation of CMOs (F. Fabozzi, et al.).\u003cbr\u003e \u003cbr\u003e 7. Valuation and Portfolio Risk Management with Mortgage-Backed Securities (S. Zenios).\u003cbr\u003e \u003cbr\u003e 8. The Valuation of PAC Bonds Without Complex Models (C. Asness and M. Smirlock).\u003cbr\u003e \u003cbr\u003e 9. A Portfolio Manager's Perspective of Inverses and Inverse IOs (W. Leach).\u003cbr\u003e \u003cbr\u003e 10. Forward Rates and CMO Portfolio Management (C. Asness and J. Beinner).\u003cbr\u003e \u003cbr\u003e 11. A New Approach to Option-Adjusted Valuation of MBS on a Multi-Scenario Grid (A. Levin).\u003cbr\u003e \u003cbr\u003e 12. Arbitrage-Free MBS Canonical Decomposition (T. Ho and M. Chen).\u003cbr\u003e \u003cbr\u003e 13. A Practical Guide to Relative Value for Mortgages (W. Phoa).\u003cbr\u003e \u003cbr\u003e 14. Hedging Mortgage Passthrough Securities (K. Dunn and R. Sella).\u003cbr\u003e \u003cbr\u003e 15. An Integrated Approach to Mortgage Hedging and Relative Value Analysis (L. Goodman and J. Ho).\u003cbr\u003e \u003cbr\u003e 16. Yield Curve Risk of CMO Bonds (M. Schumacher, et al.).\u003cbr\u003e \u003cbr\u003e 17. Valuation and Analysis of ARMs (S. Mansukhani).\u003cbr\u003e \u003cbr\u003e 18. Understanding and Valuing Callable REMICs (B. Lancaster, et al.).\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. Advances in the Valuation and Management of Mortgage-Backed Securities details the latest developments for valuing mortgage-backed securities and measuring and controlling the interest rate risk of these securities. Complete coverage includes: decomposition of mortgage spreads, MBS index replication strategies and market neutral strategies, Monte Carlo\/OAS methodology, valuation of inverse floaters and ARMs, relative value analysis, and hedging mortgage instruments against level risk and yield curve risk.","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988697727205,"sku":"NP9781883249526","price":152.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781883249526.jpg?v=1761781237","url":"https:\/\/k12savings.com\/products\/advances-in-the-valuation-and-management-of-mortgage-backed-securities-isbn-9781883249526","provider":"K12savings","version":"1.0","type":"link"}