Overview

This course will introduce you to a variety of the more commonly-encountered types of mortgage-backed securities, pass-through securities, and CMO's, as well as a lot of the concepts used to assess the attractiveness of mortgage-backed securities and a lot of the details to help understand mortgage-backed securities and how they work.

This course contains 21 lectures among 4 sections:

  • Introduction to Mortgages and Mortgage Backed Securities
  • Pass Through Securities
  • Analysis of Pass Through Securities
  • Collateralized Mortgage Obligations

Learning Outcomes

At the end of this course, you will be able to...

  • You'll learn what Mortgage Backed Securities are and how they are structured
  • You'll learn what pass-through securities are, their risks, and prices & yields
  • You'll learn what collateralized mortgage obligations (CMOs) are and how they work


Target Audience

  • Analysts and associates in commercial, corporate and investment banking.

Course curriculum

    1. Introduction to Mortgage Backed Securities

      FREE PREVIEW

    2. Introduction to Mortgage Backed Securities (Slides)

    3. Asset Securitization and Introduction to Mortgage Loans

    4. Asset Securitization and Introduction to Mortgage Loans (Slides)

    5. Mortgage Loans

    6. Mortgage Loans (Slides)

    1. Introduction to Pass Through Securities

      FREE PREVIEW

    2. Introduction to Pass Through Securities (Slides)

    3. US Mortgage Agencies

    4. US Mortgage Agencies (Slides)

    5. Agency Underwriting Guidelines

    6. Agency Underwriting Guidelines (Slides)

    7. Structure of Pass Through Securities

    8. Structure of Pass Through Securities (Slides)

    9. Mortgage Cash Flows Part 1

    10. Mortgage Cash Flows Part 1 (Slides)

    11. Mortgage Cash Flows Part 2

    12. Mortgage Cash Flows Part 2 (Slides)

    13. Mortgage Pool Cash Flows

    14. Mortgage Pool Cash Flows (Slides)

    15. Mortgage Prepayments

    16. Mortgage Prepayments (Slides)

    1. Risks of Pass Through Securities

    2. Risks of Pass Through Securities (Slides)

    3. Pass Through Securitries Prices and Yields

    4. Pass Through Securitries Prices and Yields (Slides)

    5. Pass Through Securities Cash Flows and Valuation

    6. Pass Through Securities Cash Flows and Valuation (Slides)

    7. MBS Prepayments and Negative Convexity

    8. MBS Prepayments and Negative Convexity (Slides)

    9. Prepayment Benchmarks

    10. Prepayment Benchmarks (Slides)

    1. Conditional Prepayment Rate and Introduction to CMOs

    2. Conditional Prepayment Rate and Introduction to CMOs (Slides)

    3. CMOs and Sequential Pay Tranches

    4. CMOs and Sequential Pay Tranches (Slides)

    5. Z Bond Tranches

    6. Z Bond Tranches (Slides)

    7. PAC Bond Tranches

    8. PAC Bond Tranches (Slides)

    9. Other Types of Tranches

    10. Other Types of Tranches (Slides)

About this course

  • $49.95
  • 42 lessons
  • 3.5 hours of video content