Investing in Commercial Mortgage-Backed Securities

Investing in Commercial Mortgage-Backed Securities
Author :
Publisher : John Wiley & Sons
Total Pages : 276
Release :
ISBN-10 : 1883249880
ISBN-13 : 9781883249885
Rating : 4/5 (885 Downloads)

Book Synopsis Investing in Commercial Mortgage-Backed Securities by : Frank J. Fabozzi

Download or read book Investing in Commercial Mortgage-Backed Securities written by Frank J. Fabozzi and published by John Wiley & Sons. This book was released on 2000-12-15 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Commercial mortgage-backed securities (CMBS)-securitizations of mortgage loans backed by commercial real estate-have become compelling devices for fixed income investing. This title, edited by renowned financial expert Frank Fabozzi, describes the structure, valuation, and performance of CMBS, illustrates an empirical framework for estimating CMBS defaults, instructs how to value prepayment and credit risks of CMBS, and more.


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Inhaltsangabe:Abstract: The securitisation of loans, backed by mortgage liens, has an impressive tradition. The technique was established 234 years ago, in line