| |
|
|
|
|
|
|
|
|
1. |
Record Nr. |
UNINA9910965695203321 |
|
|
Autore |
Fabozzi Frank J |
|
|
Titolo |
Mortgage-backed securities : products, structuring, and analytical techniques / / Frank J. Fabozzi, Anand K. Bhattacharya, William S. Berliner |
|
|
|
|
|
|
|
Pubbl/distr/stampa |
|
|
Hoboken, N.J., : Wiley, 2011 |
|
|
|
|
|
|
|
ISBN |
|
9786613258083 |
9781283258081 |
1283258080 |
9781118149294 |
1118149297 |
9781118149270 |
1118149270 |
|
|
|
|
|
|
|
|
Edizione |
[2nd ed.] |
|
|
|
|
|
Descrizione fisica |
|
1 online resource (354 p.) |
|
|
|
|
|
|
Collana |
|
|
|
|
|
|
Altri autori (Persone) |
|
BhattacharyaAnand K |
BerlinerWilliam S |
|
|
|
|
|
|
|
|
Disciplina |
|
|
|
|
|
|
|
|
Soggetti |
|
Mortgage-backed securities |
|
|
|
|
|
|
Lingua di pubblicazione |
|
|
|
|
|
|
Formato |
Materiale a stampa |
|
|
|
|
|
Livello bibliografico |
Monografia |
|
|
|
|
|
Note generali |
|
|
|
|
|
|
Nota di bibliografia |
|
Includes bibliographical references and index. |
|
|
|
|
|
|
Nota di contenuto |
|
Mortgage-Backed Securities: Products, Structuring, and Analytical Techniques; Contents; Preface; About the Authors; Part One: Introduction to Mortgage and MBS Markets; Chapter 1: Overview of Mortgages and the Consumer Mortgage Market; Overview of Mortgages; Mortgage Loan Mechanics; Risks Associated with Mortgages and Mortgage Products; Concepts Presented in this Chapter; Chapter 2: Overview of the Mortgage-Backed Securities Market; Creating Different Types of MBS; MBS Trading; The Role of the MBS Markets in Generating Consumer Lending Rates; Cash Flow Structuring |
Concepts Presented in this ChapterPart Two: Prepayment and Default Metrics and Behavior; Chapter 3: Measurement of Prepayments and Defaults; Prepayment Terminology; Calculating Prepayment Speeds; Delinquency, Default, and Loss Terminology; Concepts Presented in this Chapter; Chapter 4: Prepayments and Factors Influencing the |
|
|
|
|
|
|
|
|
|
|
|
Return of Principal; Prepayment Fundamentals; Factors Influencing Prepayment Speeds; Defaults and ""Involuntary"" Prepayments; Concepts Presented in this Chapter; Part Three: Structuring; Chapter 5: Introduction to MBS Structuring Techniques |
Underlying Logic in Structuring Cash FlowsStructuring Different Mortgage Products; Fundamentals of Structuring CMOs; Chapter 6: Fundamental MBS Structuring Techniques: Divisions of Principal; Time Tranching; Planned Amortization Classes (PACs) and the PAC-Support Structure; Targeted Amortization Class Bonds; Z-Bonds and Accretion-Directed Tranches; A Simple Structuring Example; Concepts Presented in this Chapter; Chapter 7: Fundamental MBS Structuring Techniques: Divisions of Interest; Coupon Stripping and Boosting; Floater-Inverse Floater Combinations; Two-Tiered Index Bonds (TTIBs) |
Excess Servicing IOsConcepts Presented in this Chapter; Chapter 8: Structuring Private-Label CMOs; Private-Label Credit Enhancement; Private-Label Senior Structuring Variations; Governing Documents; Concepts Presented in this Chapter; Chapter 9: The Structuring of Mortgage ABS Deals; Fundamentals of ABS Structures; Credit Enhancement for Mortgage ABS Deals; Factors Influencing the Credit Structure of Deals; Additional Structuring Issues and Developments; Concepts Presented in this Chapter; Part Four: Valuation and Analysis; Chapter 10: Techniques for Valuing MBS |
Static Cash Flow Yield AnalysisZ-Spread; Valuation Using Monte Carlo Simulation and OAS Analysis; Total Return Analysis; Concepts Presented in this Chapter; Chapter 11: Measuring MBS Interest Rate Risk; Duration; Convexity; Yield Curve Risk; Other Risk Measures; Concepts Presented in this Chapter; Chapter 12: Evaluating Senior MBS and CMOs; Yield and Spread Matrices; Monte Carlo and OAS Analysis; Total Return Analysis; Evaluating Inverse Floaters; Concepts Presented in this Chapter; Chapter 13: Analysis of Nonagency MBS; Factors Impacting Returns from Nonagency MBS |
Understanding the Evolution of Credit Performance within a Transaction |
|
|
|
|
|
|
Sommario/riassunto |
|
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 ago, much has changed in the structured credit market. Frank Fabozzi, Anand Bhattacharya, and William Berliner all have many years of experience working in the fixed-income securitization markets, and have witnessed many cycles of change in the mortgage and MBS sectors. And now, with the Second Edition of Mortgage-Backed Securities, they share their knowledge on many of the products and structuring innovations that have t |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2. |
Record Nr. |
UNINA9910731486903321 |
|
|
Autore |
Varotsos Panayiotis |
|
|
Titolo |
Natural Time Analysis: The New View of Time, Part II : Advances in Disaster Prediction Using Complex Systems / / by Panayiotis Varotsos, Nicholas Sarlis, Efthimios Skordas |
|
|
|
|
|
|
|
Pubbl/distr/stampa |
|
|
Cham : , : Springer Nature Switzerland : , : Imprint : Springer, , 2023 |
|
|
|
|
|
|
|
ISBN |
|
|
|
|
|
|
Edizione |
[1st ed. 2023.] |
|
|
|
|
|
Descrizione fisica |
|
1 online resource (378 pages) |
|
|
|
|
|
|
Disciplina |
|
|
|
|
|
|
Soggetti |
|
Geophysics |
Geography - Mathematics |
System theory |
Mathematics of Planet Earth |
Complex Systems |
|
|
|
|
|
|
|
|
Lingua di pubblicazione |
|
|
|
|
|
|
Formato |
Materiale a stampa |
|
|
|
|
|
Livello bibliografico |
Monografia |
|
|
|
|
|
Nota di bibliografia |
|
Includes bibliographical references and index. |
|
|
|
|
|
|
Nota di contenuto |
|
1. The order parameter fluctuations of seismicity are minimized before major earthquakes -- 2. A straightforward experimental fact demonstrating the physical interconnection of a SES activity with seismicity -- 3. The spatiotemporal variations of the minimum of the seismicity order parameter fluctuations may estimate the epicenter of an impending major earthquake -- 4. Temporal correlations in the magnitude time series before and after the minimum of the order parameter fluctuations of seismicity -- 5. Identifying the occurrence time of a mainshock by means of the minimum of the seismicity order parameter fluctuations -- 6. On a unique increase of the seismicity order parameter fluctuations before the ����9 Tohoku earthquake in Japan in 2011 -- 7. Minimum of the seismicity entropy change under time reversal before major earthquakes in natural time analysis -- 8. Fluctuations of the entropy change of seismicity under time reversal before major earthquakes in natural time analysis -- 9. Identifying the occurrence time of a mainshock by means of the fluctuations of the seismicity entropy change under time reversal -- 10. Compatibility of the SES generation model with the precursory phenomena before the |
|
|
|
|
|
|
|
|
|
|
|
Tohoku ����9 earthquake in Japan in 2011 -- 11. Recent advances on the estimation of a future earthquake epicenter based on natural time -- 12. Study of the global seismicity using natural time analysis -- 13. Applications of natural time analysis to disaster prediction in other disciplines. . |
|
|
|
|
|
|
Sommario/riassunto |
|
This monograph contains the advances achieved based on the content of our previous monograph published in 2011. In other words, the present monograph can be considered as "Part II" containing new results accomplished in the last decade. These were published in several reputed international journals based on the concept of natural time discussed in detail in our earlier monograph. The analysis in natural time enables the study of the dynamical evolution of a complex system and identifieswhen the system enters a critical stage. A wide range of applications are discussed, such as the cases of environmental extreme events-disasters and sudden cardiac death. More light is shed on changes of natural time features before major earthquakes like the 2011 M9 Tohoku earthquake in Japan and the 2017 M8.2 Chiapas earthquake in Mexico. Hence, natural time analysis plays a key role in predicting impending catastrophic events in general with a primary audienceResearchers and Academics in Physics, Earth Sciences, and Medicine. |
|
|
|
|
|
|
|
| |