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Basics of MortgageBacked Securities,Used
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The purpose of Basics of MortgageBacked Securities is to provide readers with a fundamental understanding of mortgage securities as an integral part of investment in fixedincome securities. The second edition of this MBS classic provides the latest information on the U.S. residential mortgage market, adjustablerate mortgages and mortgage passthroughs, relative value analyses and performance characteristics.Dr. James Hu discusses the major changes within the mortgage market that may affect the fundamentals of mortgage securities. Some of these are: the recovery of the REMIC market after its collapse; the flourish of privatelabel securities; the growth of equity loanbacked securities and its establishment as a member of the fixedincome securities family. Also included are additional historical data for all exhibits. Mortgage prepayment, dollar rolls, and privatelabel mortgagebacked securities are also addressed.
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