A Primer on Securitization

A Primer on Securitization
Author :
Publisher : MIT Press
Total Pages : 200
Release :
ISBN-10 : 0262611635
ISBN-13 : 9780262611633
Rating : 4/5 (35 Downloads)

Book Synopsis A Primer on Securitization by : Leon T. Kendall

Download or read book A Primer on Securitization written by Leon T. Kendall and published by MIT Press. This book was released on 2000 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Primer on Securitization introduces readers to America's newest system of raising capital: what it is, how it operates, and what difference securitization makes. Gathering fourteen lectures by the pioneers of securitization and by current practitioners--from Freddie Mac, Paine Webber, JP Morgan, Chrysler, McKinsey & Co, and other major players-- A Primer on Securitization introduces readers to America's newest system of raising capital: what it is, how it operates, and what difference securitization makes.The securitization process bypasses financial intermediaries that have historically collected deposits and loaned them to those seeking funds, and links borrowers directly to money and capital markets. Although little has been written about what is perhaps one of the most important innovations to emerge in financial markets since the 1930s, securitization has revolutionized the way that the borrowing needs of consumers and businesses are met. Today, for example, over two-thirds of all home loans are being securitized, along with substantial percentages of auto loans and credit card receivables, and the process continues to expand into new fields including synthetic securities. Authoritative and practical, these lectures show how securitization was developed to fill a gap in financial markets. They discuss the nature and causes of the market imperfections that made securitization a valuable source of funds, and describe how securitization has linked local mortgage markets with international capital markets. Readers will gain a broad perspective of the different parties--the borrower, the loan originator, the servicer, the rating agency, the special purpose vehicle, the credit enhancer, the underwriter, and the investor--as well as a detailed analysis of how these parties relate to one another. From the inception of the secondary mortgage market through the collapse of the Granite funds, readers will learn not only about the success but also about the excesses and failures that typically accompany the development of any product in the real or financial sector.


A Primer on Securitization Related Books

A Primer on Securitization
Language: en
Pages: 200
Authors: Leon T. Kendall
Categories: Business & Economics
Type: BOOK - Published: 2000 - Publisher: MIT Press

DOWNLOAD EBOOK

A Primer on Securitization introduces readers to America's newest system of raising capital: what it is, how it operates, and what difference securitization mak
The Handbook of Mortgage-Backed Securities, 7th Edition
Language: en
Pages: 831
Authors: Frank J. Fabozzi
Categories: Business & Economics
Type: BOOK - Published: 2016-08-11 - Publisher: Oxford University Press

DOWNLOAD EBOOK

This edition of The Handbook of Mortgage-Backed Securities, the first revision following the subprime mortgage crisis, is designed to provide not only the funda
Understanding the Securitization of Subprime Mortgage Credit
Language: en
Pages: 76
Authors: Adam B. Ashcraft
Categories:
Type: BOOK - Published: 2010-03 - Publisher: DIANE Publishing

DOWNLOAD EBOOK

Provides an overview of the subprime mortgage securitization process and the seven key informational frictions that arise. Discusses the ways that market partic
The Mechanics of Securitization
Language: en
Pages:
Authors: Moorad Choudhry
Categories: Asset-backed financing
Type: BOOK - Published: 2013 - Publisher:

DOWNLOAD EBOOK

BA step-by-step guide to implementing and closing securitization transactions/b Securitization is still in wide use despite the reduction in transactions. The r
Mortgage-Backed Securities
Language: en
Pages: 358
Authors: Frank J. Fabozzi
Categories: Business & Economics
Type: BOOK - Published: 2011-08-31 - Publisher: John Wiley & Sons

DOWNLOAD EBOOK

An up-to-date look at the latest innovations in mortgage-backed securities Since the last edition of Mortgage-Backed Securities was published over three years a