Understanding the Securitization of Subprime Mortgage Credit

Understanding the Securitization of Subprime Mortgage Credit PDF Author: Adam B. Ashcraft
Publisher: DIANE Publishing
ISBN: 1437925146
Category :
Languages : en
Pages : 76

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Book Description
Provides an overview of the subprime mortgage securitization process and the seven key informational frictions that arise. Discusses the ways that market participants work to minimize these frictions and speculate on how this process broke down. Continues with a complete picture of the subprime borrower and the subprime loan, discussing both predatory borrowing and predatory lending. Presents the key structural features of a typical subprime securitization, documents how rating agencies assign credit ratings to mortgage-backed securities, and outlines how these agencies monitor the performance of mortgage pools over time. The authors draw upon the example of a mortgage pool securitized by New Century Financial during 2006. Illustrations.

Understanding the Securitization of Subprime Mortgage Credit

Understanding the Securitization of Subprime Mortgage Credit PDF Author: Adam B. Ashcraft
Publisher: DIANE Publishing
ISBN: 1437925146
Category :
Languages : en
Pages : 76

Get Book Here

Book Description
Provides an overview of the subprime mortgage securitization process and the seven key informational frictions that arise. Discusses the ways that market participants work to minimize these frictions and speculate on how this process broke down. Continues with a complete picture of the subprime borrower and the subprime loan, discussing both predatory borrowing and predatory lending. Presents the key structural features of a typical subprime securitization, documents how rating agencies assign credit ratings to mortgage-backed securities, and outlines how these agencies monitor the performance of mortgage pools over time. The authors draw upon the example of a mortgage pool securitized by New Century Financial during 2006. Illustrations.

Real estate securitization and corporate strategy. From bricks to bucks

Real estate securitization and corporate strategy. From bricks to bucks PDF Author: Dirk Brounen
Publisher: Rozenberg Publishers
ISBN: 905170707X
Category : Corporations
Languages : en
Pages : 177

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Book Description


Global Trends in Real Estate Finance

Global Trends in Real Estate Finance PDF Author: Graeme Newell
Publisher: John Wiley & Sons
ISBN: 9781444315318
Category : Business & Economics
Languages : en
Pages : 312

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Book Description
To operate effectively in today’s dynamic global real estatemarkets, it is essential to understand the complex processes thatunderpin them. This up-to-date work, which brings togethercontributions from industry and academic experts from around theworld, is a valuable corollary to effective investmentdecision-making within the property sector and will be of interestto post-graduate property students, researchers and practising realestate investors. Recent years have seen some rapid developments in the globalscale and structure of real estate markets. Such transformationshave been paralleled by significant changes in the financialstructures, and processes that serve these markets, includingsophisticated new investment and finance structures and products.Examples of these include the real estate investment trusts (REIT)products that have been developed in USA, Europe and Asia, therange of unlisted products emerging in UK and Europe, and theinnovative financing structures being developed in manycountries. Global Trends in Real Estate Finance addresses thisemerging complexity and sophistication in contemporary real estatemarkets by discussing the history, merits and implications of arange of products and processes. Also examined are the changes inthe practices and environment needed to ensure the success of theseproperty products, including increased disclosure, corporategovernance, market transparency and improved skills base. Chapters are written by leading international contributors, bothacademic and practitioner. The context is explicitly international,with a focus on UK, Europe, Asia, Australia and the USA. The aim isto identify specific market areas to describe the key innovations,rather than simply providing a description of various geographicalmarkets.

Megatrends in Retail Real Estate

Megatrends in Retail Real Estate PDF Author: John D. Benjamin
Publisher: Springer Science & Business Media
ISBN: 940091802X
Category : Business & Economics
Languages : en
Pages : 376

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Book Description
Retail real estate properties and their marketplaces are in a constant state of change. The emergence of such new and growing value formats as warehouse clubs, factory outlet malls, and other powerful discount formats provide traditional shopping centers and malls with increasingly competitive challenges. These value and discount retail formats generate higher sales per square foot and have lower construction costs than many traditional retail properties. Combined with the slow growth in retail sales and the increasing alternatives to in-store retailing, a question mark hangs over the future of retail marketplaces and the retail formats that will be the leaders of the future. Megatrends in Retail Real Estate allows the reader to analyze and forecast changes in the retail marketplace. The book presents a simple model to analyze and predict mall and shopping center investment returns. It then examines the financing of retail properties and securitization of their mortgages, as well as the operations of retail properties. Finally, the book analyzes new retail marketplaces and the international retail arena.

Securitization in India

Securitization in India PDF Author: Jennifer Romero-Torres
Publisher: Asian Development Bank
ISBN: 9292579843
Category : Business & Economics
Languages : en
Pages : 130

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Book Description
India needs to spend close to Rs43 trillion (about $646 billion) on infrastructure through to 2022. Such a staggering requirement cannot be met though traditional sources such as public sector bank loans. India must immediately explore and quickly ramp up financing from alternative investment sources. This report provides an overview of infrastructure financing in India, sheds light on the challenges faced by the country's banking sector, suggests an optimal mechanism for securitizing the infrastructure assets of public sector banks, and outlines a range of scenarios and factors that must be in place for this mechanism to be successfully realized.

Trends in Commercial Mortgage-Backed Securities

Trends in Commercial Mortgage-Backed Securities PDF Author: Frank J. Fabozzi
Publisher: John Wiley & Sons
ISBN: 9781883249458
Category : Business & Economics
Languages : en
Pages : 268

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Book Description
Mortgage-backed securities are becoming an increasingly popular tool for constructing a solid portfolio in today's turbulent market. Frank Fabozzi leads more than a dozen experts in examining all the latest trends of this investment strategy, providing in-depth insight and explaining key areas of the commercial mortgage-backed securities landscape. Topics covered include measuring risks in the whole-loan commercial market, multi-family mortgage-backed securities, and B Pieces. Following on the heels of Advances in Mortgage-Backed Securities and The Handbook of Commercial Mortgage-Backed Securities, Trends in Commercial Mortgage-Backed Securities further demonstrates editor Fabozzi's authority in the subject.

Loan Portfolio Management

Loan Portfolio Management PDF Author:
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 114

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Book Description


Commercial Real Estate

Commercial Real Estate PDF Author: David Geltner
Publisher: South Western Educational Publishing
ISBN: 9781133108825
Category : Commercial real estate
Languages : en
Pages : 826

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Book Description
Rev. ed. of: Commercial real estate analysis and investments / David M. Geltner ... [et al.]. Mason, Ohio: Thompson South-Western, c2007.

Commercial Securitization for Real Estate Lawyers

Commercial Securitization for Real Estate Lawyers PDF Author:
Publisher:
ISBN:
Category : Mortgage-backed securities
Languages : en
Pages : 708

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Book Description


Securitization and Structured Finance Post Credit Crunch

Securitization and Structured Finance Post Credit Crunch PDF Author: Markus Krebsz
Publisher: John Wiley & Sons
ISBN: 0470662123
Category : Business & Economics
Languages : en
Pages : 594

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Book Description
In this book, you will be introduced to generic best practice principles for a post credit crunch market. First, the book takes a closer look at the reasons why the market froze during the 2007 to 2009 credit crisis. Then you will learn how to use the principles explained here in your generic deal's typical life cycle stages. Throughout, each stage is discussed in detail, from strategy and feasibility, pre-close, at close, and post close. The final section of the book contains a toolbox of references, tables, dictionaries, and resources.