Basics of Mortgage-Backed Securities
Joseph Hu


Compras Nikon
Bluetooth
1 Great Intro. - gets to the point.
This is the best introduction, giving a brief yet broad coverage to an important market. In just 144 pages Hu covers the the important points. The Mortgage Backed Security market, at over 2 trillion dollars, will soon exceed the US treasury market as the largest and most liquid bond market. Nevertheless, this market is still viewed as highly specialized due to the complications in security structure and prepayment optionality. Hu explains these complications clearly giving the reader confidence to enter this market.

Thursday, 24-Jul-2008 06:47:25 CDT
Quote of the Day:


We cannot command nature except by obeying her.

-- Sir Francis Bacon

Q: What do you call the money you pay to the government when
you ride into the country on the back of an elephant?
A: A howdah duty.