What you'll learn:
- Describe the characteristics and types of mortgage loans and how they are securitized into mortgage-backed securities (MBS)
- Understand the role of mortgage-backed securities in the broader fixed income market and their use in portfolio construction and asset allocation strategies
- Evaluate the suitability of different mortgage-backed securities for various 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 mortgage-backed securities
- Assess the performance and risk characteristics of pass-through securities and how they differ from other types of MBS
- Explain what are pass-through securities, their associated risks, and how prices and yields are calculated for these instruments
- Understand the mechanics of collateralized mortgage obligations (CMOs), and how they are structured to manage risk and return
This course provides an in-depth introduction to the various types of mortgage-backed securities (MBS) commonly encountered in the market, including pass-through securities and collateralised mortgage obligations (CMOs). You will gain insight into key concepts used to assess the attractiveness of mortgage-backed securities and understand how these securities function within the broader mortgage-backed securitisation process.
You’ll also explore the pricing, performance, and risk characteristics of different types of mortgage-backed securities, and gain a deeper knowledge of how they work in real-world applications.
This course contains 21 lectures divided into 4 sections:
Introduction to Mortgages and Mortgage-Backed Securities
Pass-Through Securities
Analysis of Pass-Through Securities
Collateralised 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.
Happy learning.
