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Salomon Smith Barney Guide to Mortgage-Backed and Asset-Backed Securities

Salomon Smith Barney Guide to Mortgage-Backed and Asset-Backed Securities
Publisher
 Wiley
Published
 April 2001
ISBN
 0471385875
$95.00 List Price
$59.85 OUR PRICE
Sales Rank: 16,994
AVAILABILITY:
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The Industry’s Most Comprehensive Treatment of the Modern MBS/ABS Marketplace–From the Pioneers Who Helped Create the Market

"Lakhbir Hayre’s work ranks in the top echelon of fixed income research of the past two decades. Both new entrants and seasoned market professionals can benefit from the insights compiled in this volume."–Greg Parseghian, Senior Vice President and Chief Investment Officer, Freddie Mac

"This is an enormously comprehensive study of the MBS and ABS markets by one of the most respected people in the field. Its unmatched wealth of institutional and technical detail make it an invaluable reference to anyone interested in these markets."–Richard Stanton, Associate Professor of Finance, Haas School of Business, University of California, Berkeley

"This is an excellent and comprehensive guide that is clearly required reading for anyone interested in these important financial markets. I particularly liked the many explicit examples of prepayment modeling approaches."–Francis A. Longstaff, Professor of Finance, The Anderson School, University of California, Los Angeles

High credit quality and superior returns have contributed to the growth of MBSs and ABSs in the institutional investment community. Let the Salomon Smith Barney Guide to Mortgage-Backed and Asset-Backed Securities provide you with the expert, in-depth treatment you need to understand–and profit from–MBS and ABS investments.

Product Reviews

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Average rating: 4.8
Hayre is lucid and informative! The Best Prepayment book Rating
October 13, 2003 Rating: 5.0 stars

As other reviewers have mentioned this is a must for anyone involved with MBS ABS markets. Outstanding discussions on prepayment. Very detailed analysis of MBS ABS structures and related processes. A must for all people working with MBS.
Some modeling is hidden and not well explained...

An Essential Guide Plus Another Rating
August 28, 2003 Rating: 5.0 stars

A fine guide book for the asset-backed and mortgage-backed securities markets from the original dominating force: Salomon Brothers (now Salomon Smith Barney). This comprehensive volume is an essential reference for asset backed securities and mortgage backed securities, albeit it is somewhat U.S. centric.

"Collateralized Debt Obligations and Structured Finance" by Janet Tavakoli completes and updates the essential structured finance collection. Tavakoli discusses synthetics which use credit derivatives techology and compares them to cash deals. She also exposes weaknesses in the ratings and in the structural elements that investors and structurers can correct, or at least negotiate value. She also talks about the risks of fraud, inadequate asset due diligence, and inadequate documentation & structural protections.

Clearly the best! Rating
January 9, 2003 Rating: 5.0 stars

A clear and detailed book, written by the No. 1 expert in MBS from, Salomon Smith Barney, the best MBS underwriting and trading firm on Wall Street. A must for all people working with MBS.

Highly Recommended! Rating
January 29, 2002 Rating: 5.0 stars

Lakhbir Hayre has created a comprehensive and authoritative reference guide for the asset-backed and mortgage-backed securities markets. In compiling this book, Hayre drew on the expertise of ABS and MBS specialists from Salomon Smith Barney, which was a pioneer in the development of these markets and still trades the largest volume of the securities. This huge volume includes plenty of charts, graphs and illustrations as companions to its enormously detailed and clearly explained descriptions and analysis. We [...] recommend this book as a useful reference for experts and an enlightening introduction for securitization novices.

its ok Rating
July 4, 2001 Rating: 4.0 stars

it was a good well balanced book it was fun to reasd

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