A comprehensive introduction to the highly technical and often controversial subject of collateralized mortgage obligations (CMOs). It covers virtually every aspect of these securities, including tranching (the art of separating pooled mortgages into short-, medium- and long-term maturities), market participants, evaluation techniques, CMOs in bull and bear markets and more. A special section analyzes in depth all types of CMOs in existence.
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A comprehensive introduction to the highly technical and often controversial subject of collateralized mortgage obligations (CMOs). It covers virtually every aspect of these securities, including tranching (the art of separating pooled mortgages into short-, medium- and long-term maturities), market participants, evaluation techniques, CMOs in bull and bear markets and more. A special section analyzes in depth all types of CMOs in existence.
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Seller's Description:
Very Good in Very Good jacket. Investing. 8vo. 5th Printing. (1996. ) Hardcover with dust jacket. 8vo with 283 pages. The book and dust jacket are in very good condition with very slight shelf wear. Interior is clean and tight. "Explains the vocabulary, structures, and risks in collateralized mortgage obligation (CMOs) and offers advice on investing in mortgage derivatives. Sections on basics in mortgage security and prepayment, tools of the trade such as evaluation techniques, and trading opportunities and pitfalls explore all aspects of CMOs." Black spine/Red text.
