Introduction to Mortgages & Mortgage Backed Securities
- 4h 29m
- Richard Green
- Elsevier Science and Technology Books, Inc.
- 2014
In Introduction to Mortgages & Mortgage Backed Securities, author Richard Green combines current practices in real estate capital markets with financial theory so readers can make intelligent business decisions. After a behavioral economics chapter on the nature of real estate decisions, he explores mortgage products, processes, derivatives, and international practices. By focusing on debt, his book presents a different view of the mortgage market than is commonly available, and his primer on fixed-income tools and concepts ensures that readers understand the rich content he covers. Including commercial and residential real estate, this book explains how the markets work, why they collapsed in 2008, and what countries are doing to protect themselves from future bubbles. Green's expertise illuminates both the fundamentals of mortgage analysis and the international paradigms of products, models, and regulatory environments.
- Written for buyers of real estate, not mortgage lenders
- Balances theory with increasingly complex practices of commercial and residential mortgage lending
- Emphasizes international practices, changes caused by the 2008-11 financial crisis, and the behavioral aspects of mortgage decision making
In this Book
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A Brief History of Mortgages
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Mortgage Originations and the Mortgage Chain
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The Work-Horse American Mortgage
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Other Types of Mortgages
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Underwriting Mortgages and Mortgage Default
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Mortgage-Backed Securities and Derivatives
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Multifamily Mortgages
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International Comparisons of Mortgages
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The Subprime Crisis
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Consumers in Mortgage Markets
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The Yield Curve, Monte Carlo Methods, and the Option-Adjusted Spread
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A Brief Discussion of Duration and Convexity
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The Rise and Fall of Fannie Mae and Freddie Mac—Lessons Learned and Options for Reform
