Part 1 – Overview
This preview includes:
– Explanation of what a Mortgage-Backed Security is
– Outstanding US Bond Market Debt in billions
– US Fixed Income Markets
Part 2 – Course Introduction
This preview includes:
– Early forms of Mortgages
– Real Estate and Mortgages during the depression
– Government Programs to support the mortgage market
Part 3 – Government Agencies vs. Government Sponsored Enterprises (GSEs)
This preview includes:
– Securitizations based on government-insured/guaranteed mortgage loans
– FNMA/FHLMC
– Securitizations based on conventional or government-backed mortgages
Part 4 – Risk Factors
This preview includes:
– Uncertainty of Cash Flow due to the potential for prepayment
Part 5 – Pass-Through Securities
This preview includes:
– Structured securities – Mortgage-Backed Securities, Asset-Backed Securities & collateralized debt obligation
– Asset securitization structured payouts
About The Course
Mortgage Backed Securities is a fast-paced, comprehensive yet detailed introduction to the U.S. mortgage-backed securities market. The coverage runs from the basics of terminology and features of individual mortgage contracts all the way through to the structure and investment characteristics of exotic instruments such as PAC bond tranches and reverses mortgage securitization.
“NYIF is a great option for those looking to learn more about specific finance-related topics that you just won’t get in the undergrad or grad school. I took the course on Mortgage-Backed Securities (MBS) and I can tell you first hand, this is something they just don’t teach about in great detail in college. Appreciated the chance to learn from someone with real-world experience and alongside other colleagues working in the industry. Have referred back to my course materials on numerous occasions since for reference.”
— Ryan Bilsky ’17, Mortgage-Backed Securities
