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ISBN 10: 0199998167 ISBN 13: 9780199998166
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Publicado por Oxford University Press, 2014
ISBN 10: 0199998167 ISBN 13: 9780199998166
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Idioma: Inglés
Publicado por Oxford University Press, 2014
ISBN 10: 0199998167 ISBN 13: 9780199998166
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Idioma: Inglés
Publicado por Oxford University Press, 2014
ISBN 10: 0199998167 ISBN 13: 9780199998166
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Idioma: Inglés
Publicado por Oxford University Press, 2014
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Idioma: Inglés
Publicado por Oxford University Press, 2014
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Añadir al carritoHardcover. Condición: new. New Copy. Customer Service Guaranteed.
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Añadir al carritoHardcover. Condición: Brand New. 1st edition. 464 pages. 9.75x6.75x1.25 inches. In Stock.
Idioma: Inglés
Publicado por Oxford University Press, 2014
ISBN 10: 0199998167 ISBN 13: 9780199998166
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Idioma: Inglés
Publicado por Oxford University Press, 2014
ISBN 10: 0199998167 ISBN 13: 9780199998166
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Idioma: Inglés
Publicado por Oxford University Press, 2014
ISBN 10: 0199998167 ISBN 13: 9780199998166
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Publicado por Oxford University Press Inc, 2014
ISBN 10: 0199998167 ISBN 13: 9780199998166
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Idioma: Inglés
Publicado por Oxford University Press Inc, New York, 2014
ISBN 10: 0199998167 ISBN 13: 9780199998166
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Añadir al carritoHardcover. Condición: new. 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.
Idioma: Inglés
Publicado por Oxford University Press OUP, 2014
ISBN 10: 0199998167 ISBN 13: 9780199998166
Librería: Books Puddle, New York, NY, Estados Unidos de America
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Añadir al carritoBuch. Condición: Neu. nach der Bestellung gedruckt Neuware - Printed after ordering - Mortgage Backed Securities (MBS) are among the most complex of all financial instruments. Analysis of MBS requires blending empirical analysis of borrower behavior with mathematical modeling of interest rates and home prices. Over the past 25 years, Davidson and Levin have been at the leading edge of MBS valuation and risk analysis. Mortgage Valuation Models: Embedded Options, Risk and Uncertainty is a detailed description of the sophisticated theories and advanced methods that the authors employ in real-world analysis of mortgage backed securities. Issues such as complexity, borrower options, uncertainty, and model risk play a central role in their approach to valuation of MBS. The book describes methods for modeling prepayments and defaults of borrowers. It explores closed form, backward induction and Monte Carlo valuation using the Option-Adjusted-Spread (OAS) approach, explains the origin of OAS and its relationship to model uncertainty. 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. The coverage spans the range of mortgage products from loans, TBA (to be announced) pass-through securities to subordinate tranches of subprime-mortgage securitizations and describes valuation methods for both agency and non-agency MBS including pricing new loans; Davidson and Levin put forth new approaches to prudent risk measurement, ranking, and decomposition that can help guide traders and risk managers. It reveals quantitative causes of the 2007-09 financial crisis and provides insights into the future of the US housing finance system and mortgage modeling. Despite the advances in mortgage modeling and valuation, this remains an ever-evolving field. Mortgage Valuation Models will serve as a foundation for the future development of models for mortgage-backed securities.
Idioma: Inglés
Publicado por Oxford University Press, 2014
ISBN 10: 0199998167 ISBN 13: 9780199998166
Librería: Majestic Books, Hounslow, Reino Unido
EUR 256,40
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Añadir al carritoCondición: New. Print on Demand.
Idioma: Inglés
Publicado por Oxford University Press, 2014
ISBN 10: 0199998167 ISBN 13: 9780199998166
Librería: Biblios, Frankfurt am main, HESSE, Alemania
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Añadir al carritoBuch. Condición: Neu. MORTGAGE VALUATION MODELS FMASSS C | Davidson | Buch | Gebunden | Englisch | 2018 | ACADEMIC | EAN 9780199998166 | Verantwortliche Person für die EU: Libri GmbH, Europaallee 1, 36244 Bad Hersfeld, gpsr[at]libri[dot]de | Anbieter: preigu Print on Demand.