Mortgage Backed Securities (MBS): Basic to Advanced

Financial Markets | MBS | Asset Securitization | Mortgage Loans | Cash Flows | CMOs | PAC Bond Tranches

Ratings: 4.64 / 5.00




Description

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 (CMOs)

More about this course and Starweaver

This course is led by a seasoned capital markets industry practitioner and executive with many years of hands-on, in-the-trenches financial markets sales, trading and analysis work. It has been designed, produced and delivered by Starweaver. Starweaver is one of the most highly regarded, well-established training providers in the World, providing training courses to many of the leading financial institutions and technology companies, including:

Ahli United Bank; Mashreqbank; American Express; ANZ Bank; ATT; Banco Votorantim; Bank of America; Bank of America Global Markets; Bank of America Private Bank; Barclay Bank; BMO Financial Group; BMO Financial Services; BNP Paribas; Boeing; Cigna; Citibank; Cognizant; Commerzbank; Credit Lyonnais/Calyon; Electrosonic; Farm Credit Administration; Fifth Third Bank; GENPACT; GEP Software; GLG Group; Hartford; HCL; HCL; Helaba; HSBC; HSBC Corporate Bank; HSBC India; HSBC Private Bank; Legal & General; National Australia Bank; Nomura Securities; PNC Financial Services Group; Quintiles; RAK Bank; Regions Bank; Royal Bank of Canada; Royal Bank of Scotland; Santander Corporate Bank; Tata Consultancy Services; Union Bank; ValueMomentum; Wells Fargo; Wells Fargo India Solutions; Westpac Corporate Bank; Wipro; and, many others.

Starweaver has and continues to deliver 1000s of live in person and online education for organizational training programs for new hires and induction, as well as mid-career and senior level immersion and leadership courses.

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Happy learning.


What You Will Learn!

  • 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

Who Should Attend!

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