Investing in Mortgage Securities

Providing the expertise of an internal business consultant to one of the largest issuers of mortgage securities Investing in Mortgage Securities serves as a high-level introduction to mortgage securities presented within the framework of fixed income securities. It presents institutional investors portfolio managers traders and sophisticated individual investors with a clear concise and unified approach to valuing pricing and investing in mortgage securities.The author supplies a complete explanation of all types of mortgages and fixed income securities and highlights the differences between bonds mortgages and mortgage derivatives. The text walks you through all the necessary steps including worked out mathematical examples to ensure that you make the best buy and sell decisions possible. It also contains exercises to help you test your knowledge before making significant investment decisions.