Salomon Smith Barney Guide to Mortgage Backed and Asset Securities

Mortgage-backed and asset-backed securities are fixed-income securities, like bonds, which derive their return from an underlying mortgage or basket of mortgages, or an asset or basket of assets. This market has increased from about $100 billion in 1980 to over $2. 5 trillion today. The Industry's Most Comprehensive Treatment of the Modern MBS/ABS Marketplace-From the Pioneers Who Helped Create the Market "Lakhbir Hayre's work ranks in the top echelon of fixed income research of the past two decades. Both new entrants and seasoned market professionals can benefit from the insights compiled in this volume."-Greg Parseghian, Senior Vice President and Chief Investment Officer, Freddie Mac "This is an enormously comprehensive study of the MBS and ABS markets by one of the most respected people in the field. Its unmatched wealth of institutional and technical detail make it an invaluable reference to anyone interested in these markets."-Richard Stanton, Associate Professor of Finance, Haas School of Business, University of California, Berkeley "This is an excellent and comprehensive guide that is clearly required reading for anyone interested in these important financial markets. I particularly liked the many explicit examples of prepayment modeling approaches."-Francis A. Longstaff, Professor of Finance, The Anderson School, University of California, Los Angeles High credit quality and superior returns have contributed to the growth of MBSs and ABSs in the institutional investment community. Let the Salomon Smith Barney Guide to Mortgage-Backed and Asset-Backed Securities provide you with the expert, in-depth treatment you need to understand-and profit from-MBS and ABS investments.