A Primer on Securitization (Mit Press)
Kendall, Leon T. [Editor]; Fishman, Michael J. [Editor];
Language: English
Published by MIT Press, 2000
- Softcover
- Used
Seller: Coffee Cat Books, Chapel Hill, NC, U.S.A.Coffee Cat Books
AbeBooks seller since September 15, 2021
Condition: Used - Very good
US$ 57.77
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Add to basketItem description from seller
2000. MIT Press. Very Good. Softcover. Clean interior with no markings. Clean & bright, very light shelf wear to covers. No rips, tears, or stains. Binding solid and square. 189 pp w/index. B&W Illustrations. Kendall & Fishman's finance text explaining securitization, asset-backed securities & capital markets. Ships from the USA, quickly and with care. _____________________________________________________________________________________________________________________________ SYNOPSIS & HISTORY: A Primer on Securitization introduces readers to America's newest system of raising capital: what it is, how it operates, and what difference securitization makes. Gathering fourteen lectures by the pioneers of securitization and by current practitioners, from Freddie Mac, Paine Webber, JP Morgan, Chrysler, McKinsey & Co, and other major players, A Primer on Securitization introduces readers to America's newest system of raising capital: what it is, how it operates, and what difference securitization makes. The securitization process bypasses financial intermediaries that have historically collected deposits and loaned them to those seeking funds, and links borrowers directly to money and capital markets. Although little has been written about what is perhaps one of the most important innovations to emerge in financial markets since the 1930s, securitization has revolutionized the way that the borrowing needs of consumers and businesses are met. Today, for example, over two-thirds of all home loans are being securitized, along with substantial percentages of auto loans and credit card receivables, and the process continues to expand into new fields including synthetic securities. Authoritative and practical, these lectures show how securitization was developed to fill a gap in financial markets. They discuss the nature and causes of the market imperfections that made securitization a valuable source of funds, and describe how securitization has linked local mortgage markets with international capital markets. Readers will gain a broad perspective of the different parties, the borrower, the loan originator, the servicer, the rating agency, the special purpose vehicle, the credit enhancer, the underwriter, and the investor, as well as a detailed analysis of how these parties relate to one another. From the inception of the secondary mortgage market through the collapse of the Granite funds, readers will learn not only about the success but also about the excesses and failures that typically accompany the development of any product in the real or financial sector.…
Seller Inventory # C899VG-oa092625H9
- Title
- A Primer on Securitization (Mit Press)
- Author
- Kendall, Leon T. [Editor]; Fishman, Michael J. [Editor];
- Publisher
- MIT Press
- Publication year
- 2000
- Condition
- VERY GOOD
- Binding
- paperback
- Language
- English
- ISBN 10
- 0262611635
- ISBN 13
- 9780262611633
- Item weight
- 29 ounces
- Dimensions
- 5x0x8
- Seller catalogs
- INVESTING & EQUITIES
A Primer on Securitization introduces readers to America's newest system of raising capital: what it is, how it operates, and what difference securitization makes.
Gathering fourteen lectures by the pioneers of securitization and by current practitionersfrom Freddie Mac, Paine Webber, JP Morgan, Chrysler, McKinsey & Co, and other major players A Primer on Securitization introduces readers to America's newest system of raising capital: what it is, how it operates, and what difference securitization makes.The securitization process bypasses financial intermediaries that have historically collected deposits and loaned them to those seeking funds, and links borrowers directly to money and capital markets. Although little has been written about what is perhaps one of the most important innovations to emerge in financial markets since the 1930s, securitization has revolutionized the way that the borrowing needs of consumers and businesses are met. Today, for example, over two-thirds of all home loans are being securitized, along with substantial percentages of auto loans and credit card receivables, and the process continues to expand into new fields including synthetic securities. Authoritative and practical, these lectures show how securitization was developed to fill a gap in financial markets. They discuss the nature and causes of the market imperfections that made securitization a valuable source of funds, and describe how securitization has linked local mortgage markets with international capital markets. Readers will gain a broad perspective of the different partiesthe borrower, the loan originator, the servicer, the rating agency, the special purpose vehicle, the credit enhancer, the underwriter, and the investoras well as a detailed analysis of how these parties relate to one another. From the inception of the secondary mortgage market through the collapse of the Granite funds, readers will learn not only about the success but also about the excesses and failures that typically accompany the development of any product in the real or financial sector.
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Coffee Cat Books
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