Mortgage Valuation Models (Hardcover)

Alexander Levin

6 valoraciones de Goodreads

Idioma: inglés

Editorial: Oxford University Press Inc, New York, 2014

0199998167 / 9780199998166

Serie: Libro 21 de 26 - Financial Management Association Survey and Synthesis

Librería: CitiRetail, Stevenage, Reino UnidoCitiRetail

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Hardcover. Mortgage-backed securities (MBS) are among the most complex of all financial instruments. Analysis of MBS requires blending empirical analysis of borrower behavior with the mathematical modeling of interest rates and home prices. Over the past 25 years, Andrew Davidson and Alexander Levin have been at the leading edge of MBS valuation and risk analysis.Mortgage Valuation Models: Embedded Options, Risk, and Uncertainty contains adetailed description of the sophisticated theories and advanced methods that the authors employ in real-world analyses of mortgage-backed securities. Issues such as complexity, borrower options, uncertainty, andmodel risk play a central role in the authors' approach to the valuation of MBS. The coverage spans the range of mortgage products from loans and TBA (to-be-announced) pass-through securities to subordinate tranches of subprime-mortgage securitizations. With reference to the classical CAPM and APT, the book advocates extending the concept of risk-neutrality to modeling home prices and borrower options, well beyond interest rates. It describes valuation methods for both agency and non-agency MBSincluding pricing new loans; approaches to prudent risk measurement, ranking, and decomposition; and methods for modeling prepayments and defaults of borrowers.The authors alsoreveal quantitative causes of the 2007-09 financial crisis and provide insight into the future of the U.S. housing finance system and mortgage modeling as this field continues to evolve. This book will serve as a foundation for the future development of models for mortgage-backed securities. Valuation of mortgage-backed securities requires blending empirical analysis of borrower behavior and mathematical modeling of interest rates and home prices, with recognition of various prices of risk and uncertainty. This book offers a detailed description of the sophisticated theories and advanced methods used for the real-world valuation of MBS. This item is printed on demand. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability.…

N° de ref. del artículo 9780199998166

Título
Mortgage Valuation Models (Hardcover)
Autor
Alexander Levin
Editorial
Oxford University Press Inc, New York
Año de publicación
2014
Estado
new
Encuadernación
Hardcover
Idioma
inglés
ISBN 10
0199998167
ISBN 13
9780199998166
Serie
Libro 21 de 26: Financial Management Association Survey and Synthesis

CitiRetail

Stevenage, Reino Unido

Vendedor de 5 estrellas

Vendedor de IberLibro desde 29 de junio de 2022

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ArtículoDe 7 a 14 días hábilesDe 7 a 60 días hábiles
Primer artículoEUR 43,72EUR 43,72
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