Descrição Hardcover.
Mortgage credit derivatives are a risky business, especially of late. This book covers state-of-the-art instruments and strategies for managing a portfolio of mortgage credits in todays volatile climate.
Divided into four parts, this book addresses a variety of important topics, including mortgage credit, mortgage securitizations, credit default swaps on mortgage securities (ABX, cash synthetic relationships, CDO credit default swaps), and much more. In addition, the authors outline the origins of the subprime crisis, showing how during the 2004-2006 period, as housing became less affordable, origination standards were stretched-and when home price appreciation then turned to home price depreciation, defaults and delinquencies rose across the board.
334 p.
Saiba mais