LEADER 05245nam 2200625 450 001 9910830258503321 005 20170814165627.0 010 $a0-470-82898-6 010 $a1-118-39048-2 035 $a(CKB)3460000000080871 035 $a(EBL)693345 035 $a(SSID)ssj0000666585 035 $a(PQKBManifestationID)11476795 035 $a(PQKBTitleCode)TC0000666585 035 $a(PQKBWorkID)10673489 035 $a(PQKB)11134804 035 $a(MiAaPQ)EBC693345 035 $a(WaSeSS)Ind00022611 035 $a(OCoLC)784124277 035 $a(CaSebORM)9780470828991 035 $a(EXLCZ)993460000000080871 100 $a20160411d2011 uy| 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aAsset securitization $etheory and practice /$fJoseph C. Hu 205 $a1st edition 210 1$aSingapore :$cJohn Wiley & Sons (Asia) Pte. Ltd,$d2011. 215 $a1 online resource (423 p.) 225 1 $aWiley finance 300 $aDescription based upon print version of record. 311 $a0-470-82899-4 311 $a0-470-82603-7 320 $aIncludes bibliographical references and index. 327 $aCover; Title Page; Copyright; Preface; Introduction; Part One: Basics of Asset Securitization; Chapter 1: Asset Securitization: Concept and Market Development; Basic Concept of Asset Securitization; Development of the Asset Securitization Market in the United States; Chapter 2: Originators and Investors of the Asset Securitization Market; Efficient Financing for Originators with Asset Securitization; Satisfying Varying Investor Demands with Asset Securitization; Chapter 3: Intermediary Participants of the Asset Securitization Market; Attorneys; Accountants; Guarantors and Credit Enhancers 327 $aCredit Rating AgenciesInvestment Bankers; Chapter 4: Necessary Ingredients and Benefits of Asset Securitization; The Nine Necessary Ingredients; Benefits of Asset Securitization; Part Two: Residential Mortgages and Securitization of Residential Mortgages; Chapter 5: Residential Mortgages; Description of a Residential Mortgage; Characteristics of a Fixed-Rate Mortgage; Alternative Mortgages; Chapter 6: The Residential Mortgage Market; The Origination of a Residential Mortgage; Mortgage Originators; Mortgage Servicers; Mortgage Insurers; The Development of the Residential Mortgage Market 327 $aChapter 7: Residential Mortgage Pass-Through SecuritiesMortgage Pass-Throughs; Trading and Relative Value of Pass-Throughs; Chapter 8: Multiclass Mortgage Pass-Throughs; Prepayment of Mortgage Pass-Throughs; The Need for Multiclass Securities; Collateralized Mortgage Obligations; Real Estate Mortgage Investment Conduits; The Rise, Collapse, and Recovery of REMICs; Trading and Relative Value; Chapter 9: Private-Label Mortgage Pass-Throughs; The Growth of the Private-Label Pass-Through Market; A Typical Transaction; Credit Rating Criteria; Performance of Credit Ratings; Prepayment Pattern 327 $aTrading and Relative ValueChapter 10: Subprime Mortgage-Backed Securities; Evolution of the Subprime Mortgage Market; Features of Home Equity Loans; Varying Characteristics of Pools of Subprime Mortgages; Examples of Transactions; Unique Prepayment Pattern; Performance of Credit Ratings; Trading and Relative Value; Part Three: Securitization of Commercial Mortgages and Consumer Loans; Chapter 11: Commercial Mortgage-Backed Securities; The Growth of the CMBS Market; The Origination of a Commercial Mortgage; Defaults and Losses of Commercial Mortgages; A Typical Transaction 327 $aPerformance of Credit RatingsTrading and Relative Value; Chapter 12: Asset-Backed Securities; The Growth of the ABS Market; Credit Card ABS; Auto Loan ABS; Performance of Credit Ratings; Trading and Relative Value; Chapter 13: Collateralized Debt Obligations; Basic Concept and Market Development of CDOs; CDOs are not Mutual Funds; Different Structural Types of CDOs; Motivations for Issuing CDOs; Incentives for Investing in CDOs; Structuring and Credit Rating CDOs; A Simulation Model to Structure CDOs; Trading and Relative Value 327 $aPart Four: The Current Asset Securitization Market in the United States and Asia-Pacific 330 $aAsset Securitization is intended for beginners and market professionals alike who are interested in learning about asset securitization-its concepts and practices. It is designed so that the readers will come away with a fundamental but comprehensive understanding of the asset securitization market. As such, the book aims to provide a review of the market's development, necessary framework, potential benefits, and detailed descriptions of major asset securitization products. Part I of the book, which consists of four chapters, will discuss the fundamental concepts, the funding efficie 410 0$aWiley finance series. 606 $aAsset-backed financing 615 0$aAsset-backed financing. 676 $a332.632 700 $aHu$b Joseph C.$01720734 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910830258503321 996 $aAsset securitization$94119713 997 $aUNINA