IIRF Online > Business > Real Estate > Mortgage > Mortgage Backed Securities (MBS): Basic to Advanced
Mortgage Backed Securities (MBS): Basic to Advanced by Udemy
Financial Markets | MBS | Asset Securitization | Mortgage Loans | Cash Flows | CMOs | PAC Bond Tranches
Course Highlights
- Describe the characteristics and types of mortgage loans and how they are securitized into mortgage-backed securities (MBS)
- Understand the role of MBS in the broader fixed income market and how they are used in portfolio construction and asset allocation strategies
- Evaluate the suitability of different MBS for different investor objectives and risk tolerances
- Determine the appropriate pricing and valuation techniques for different types of MBS
- Analyze the impact of interest rates and prepayment rates on the value of MBS
- Analyze the performance and risk characteristics of pass-through securities and how they differ from other types of MBS
- To describe what are pass-through securities, their risks, and how prices & yields are calculated for these instruments
- Understand the mechanics of collateralized mortgage obligations (CMOs), their purpose and how they are structured to manage risk and return
Skills you will learn!
Curriculum
4 Topics
Welcome!
Introduction to Mortgage Backed Securities
Asset Securitization and Introduction to Mortgage Loans
Mortgage Loans
8 Topics
Introduction to Pass Through Securities
US Mortgage Agencies
Agency Underwriting Guidelines
Structure of Pass Through Securities
Mortgage Cash Flows Part 1
Mortgage Cash Flows Part 2
Mortgage Pool Cash Flows
Mortgage Prepayments
5 Topics
Risks of Pass Through Securities
Pass Through Securitries Prices and Yields
Pass Through Securities Cash Flows and Valuation
MBS Prepayments and Negative Convexity
Prepayment Benchmarks
5 Topics
Conditional Prepayment Rate and Introduction to CMOs
CMOs and Sequential Pay Tranches
Z Bond Tranches
PAC Bond Tranches
Other Types of Tranches
1 Topic
Take-aways
Mortgage Backed Securities (MBS): Basic to Advanced
Related Mortgage Courses
_ Part II.webp)
_ Part I.webp)
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