Handbook of Mortgage Backed Securities

This title offers updated profit-enhancement strategies for today's hottest investment market. Mortgage backed securities are a tremendously popular low-risk/high-return investment class - and Frank Fabozzi's revised, expanded "The Handbook of Mortgage Backed Securities" remains the essential high-level book for trading and understanding these innovative products. This authoritative classic explains the latest fundamentals, characteristics, and strategies for ensuring greater profits in this growing market. Fabozzi's focus on applied materials made previous editions required reading for market practitioners. In addition, 20 new or substantially revised chapters in this edition both increase and expand the book's coverage of: latest valuation techniques; bond portfolio management; hedging strategies; prepayment behavior and modeling Whole loan CMOs default models; and option-adjusted spread analysis.

Frank J. Fabozzi, Ph.D., is adjunct professor of finance at Yale's School of Management and is editor of The Journal of Portfolio Management. Dr. Fabozzi--a Chartered Financial Analyst and Certified Public Accountant, and the editor or author of dozens of acclaimed financial books--is widely regarded as one of the world's foremost authorities on fixed income securities. Prior to joining Yale's faculty, he was on the faculty of MIT's Sloan School of Management.