• Mortgage-backed securities I | Finance & Capital Markets | Khan Academy

    Part I of the introduction to mortgage-backed securities. Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/mort-backed-secs-tut/v/mortgage-backed-securities-ii?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/mort-backed-secs-tut/v/mortgage-back-security-overview?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: In many commodities markets, it is very helpful for buyers or sellers to lock-in future prices. This is what both forwards and futures allow for. This tutorial explains how they work and w...

    published: 31 Aug 2007
  • What is a Mortgage Backed Security?

    Do you have a MERS Mortgage? Go to : http://www.ismersinyourmortgage.com/ for a FREE INTRO COPY! Do you know what happened to your mortgage at the closing table? A mortgage-backed security (MBS) is a securitized interest in a pool of mortgages. It is a bond. Instead of paying investors fixed coupons and principal, it pays out the cash flows from the pool of mortgages. The simplest form of mortgage-backed security is a mortgage pass-through. With this structure, all principal and interest payments (less a servicing fee) from the pool of mortgages are passed directly to investors each month.

    published: 19 Mar 2012
  • What is a Mortgage Backed Security (MBS)?

    An overview of the financial product Mortgage Backed Security (MBS). Describes the traditional model of mortgage lending, and how that changed with the introduction of the MBS. I also provide a brief overview of what Securitization is, and how MBSes played into the 2008 crash. This is the first in a series of explainers on basic financial products.

    published: 16 Apr 2012
  • Fannie Mae's Role in Mortgage-Backed Securities

    What are mortgage-backed securities (MBS), and what's Fannie Mae's role with them? See what we have to do with mortgage finance. http://bit.ly/mortgagefinance

    published: 07 Aug 2014
  • Mortgage-backed securities II | Finance & Capital Markets | Khan Academy

    Part II of the introduction to mortgage-backed securities. Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/mort-backed-secs-tut/v/mortgage-backed-securities-iii?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/mort-backed-secs-tut/v/mortgage-backed-securities-i?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: In many commodities markets, it is very helpful for buyers or sellers to lock-in future prices. This is what both forwards and futures allow for. This tutorial explains how they work and wh...

    published: 31 Aug 2007
  • Mortgage-backed security overview | Finance & Capital Markets | Khan Academy

    Basics of how a mortgage back security works. Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/mort-backed-secs-tut/v/mortgage-backed-securities-i?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/forward-futures-contracts/v/interpretting-futures-fair-value-in-the-premarket?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: In many commodities markets, it is very helpful for buyers or sellers to lock-in future prices. This is what both forwards and futures allow for. This tutorial explains how they...

    published: 20 Jul 2011
  • What is MORTGAGE-BACKED SECURITY? What does MORTGAGE-BACKED SECURITY mean?

    What is MORTGAGE-BACKED SECURITY? What does MORTGAGE-BACKED SECURITY mean? MORTGAGE-BACKED SECURITY meaning - MORTGAGE-BACKED SECURITY definition - MORTGAGE-BACKED SECURITY explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. A mortgage-backed security (MBS) is a type of asset-backed security that is secured by a mortgage or collection of mortgages. The mortgages are sold to a group of individuals (a government agency or investment bank) that securitizes, or packages, the loans together into a security that investors can buy. The mortgages of an MBS may be residential or commercial, depending on whether it is an Agency MBS or a Non-Agency MBS; in the United States they may be issued by structures set up by government-sponsored...

    published: 04 Apr 2017
  • Opportunities in Mortgage-Backed Securities

    Daniel Hyman, co-head of PIMCO’s agency mortgage portfolio management team, and Alfred Murata, mortgage credit portfolio manager, discuss opportunities in mortgage-backed securities in light of the outlook for the U.S. housing market. For an extended discussion of our views on the U.S. housing market and opportunities in mortgage securities, please watch U.S. U.S. Mortgage Market Outlook for 2017: https://www.youtube.com/watch?v=lw4sPLYV_Kw Follow us for insights on economies, markets and investing: Twitter: https://twitter.com/pimco LinkedIn: http://www.linkedin.com/company/pimco Facebook: http://www.facebook.com/pimco Blog: http://blog.pimco.com Terms and conditions: pimco.com/socialmedia

    published: 07 Mar 2017
  • 18. Modeling Mortgage Prepayments and Valuing Mortgages

    Financial Theory (ECON 251) A mortgage involves making a promise, backing it with collateral, and defining a way to dissolve the promise at prearranged terms in case you want to end it by prepaying. The option to prepay, the refinancing option, makes the mortgage much more complicated than a coupon bond, and therefore something that a hedge fund could make money trading. In this lecture we discuss how to build and calibrate a model to forecast prepayments in order to value mortgages. Old fashioned economists still make non-contingent forecasts, like the recent predictions that unemployment would peak at 8%. A model makes contingent forecasts. The old prepayment models fit a curve to historical data estimating how sensitive aggregate prepayments have been to changes in the interest rate...

    published: 02 Apr 2011
  • 32. CFA Level 1 Introduction to Asset Backed Securities LO5 and LO6 Part 1

    All 10 Level 1 topics are available on this channel. If you like what I am doing, then be a friend: 1. Click subscribe so that you will be notified of all new uploads 2. Click like (the more likes these videos get, the better they show up in search results) 3. Don't click dislike!! That does not help me improve the content and delivery. If you don't like something, leave a comment, politely of course. 4. Click Share - help other find what you have found.

    published: 17 Dec 2015
  • Mortgage-backed securities III | Finance & Capital Markets | Khan Academy

    Part III of the introduction to mortgage-backed securities. Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/cdo-tutorial/v/collateralized-debt-obligation-overview?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/mort-backed-secs-tut/v/mortgage-backed-securities-ii?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: In many commodities markets, it is very helpful for buyers or sellers to lock-in future prices. This is what both forwards and futures allow for. This tutorial explains how they work and...

    published: 01 Sep 2007
  • Mortgage Backed Securities (MBS)

    Moisan Maxime Alessandri Maxime

    published: 31 Dec 2015
  • Understanding CMBS Loans / Conduit Mortgages

    For more information about CMBS commercial loans please visit us at https://www.commercialloandirect.com/conduit-loans-main.html. CMBS loans can be used for the purchase or refinance for Commercial Real Estate properties, including Hotels, Industrial, Office, Multi-family, Medical, Mixed-Use, Retail, and Self-Storage Like all the other loans we offer at CLD, this type of loan is secured by a first-position mortgage on a commercial real estate property and is particularly popular among commercial real estate investors seeking non-recourse loans. Although conduit lenders have reverted back more prudent credit decisions that mitigate risk of default, CMBS loans have more flexible underwriting guidelines than conventional or agency loans. This means that Commercial Real Estate Investors th...

    published: 01 May 2015
  • Mortgage-backed security

    A mortgage-backed security (MBS) is a type of asset-backed security that is secured by a mortgage or collection of mortgages.

    published: 07 Sep 2016
  • Mortgage-backed security

    A mortgage-backed security (MBS) is a type of asset-backed security that is secured by a mortgage, or more commonly a collection ("pool") of sometimes hundreds of mortgages. The mortgages are sold to a group of individuals (a government agency or investment bank) that "securitizes", or packages, the loans together into a security that can be sold to investors. The mortgages of an MBS may be residential or commercial, depending on whether it is an Agency MBS or a Non-Agency MBS; in the United States they may be issued by structures set up by government-sponsored enterprises like Fannie Mae or Freddie Mac, or they can be "private-label", issued by structures set up by investment banks. The structure of the MBS may be known as "pass-through", where the interest and principal payments from the...

    published: 07 Aug 2014
  • Mortgage Crisis Explained: Finance System, Fannie Mae, Freddie Mac, Global Markets (2015)

    A mortgage-backed security (MBS) is a type of asset-backed security that is secured by a mortgage or collection of mortgages. About the book: https://www.amazon.com/gp/product/0990976300/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0990976300&linkCode=as2&tag=tra0c7-20&linkId=59d18b8225ed6599b8b8050a523b67cc The mortgages are sold to a group of individuals (a government agency or investment bank) that securitizes, or packages, the loans together into a security that investors can buy. The mortgages of an MBS may be residential or commercial, depending on whether it is an Agency MBS or a Non-Agency MBS; in the United States they may be issued by structures set up by government-sponsored enterprises like Fannie Mae or Freddie Mac, or they can be "private-label", issued by struc...

    published: 25 Dec 2015
  • Introduction to Asset Backed Securities

    This lecture is an introduction to my new course on Asset Backed Securities. You can enroll in the course for free on Udemy through the following link: https://www.udemy.com/asset-backed-securities/learn/v4/overview

    published: 18 Apr 2016
  • How did Investment Banks allegedly deceive Investors in mortgage-backed securities?

    How did investment banks allegedly deceive investors in RMBS. This video discusses allegations that investment banks concealed important information and risks from investors who invested in residential mortgage-backed securitie. To discuss further please comment below and visit my blog and message board. Also, feel free to send me an email. blog: http://uslaw.blogbaker.com message board: http://uslaw.activeboard.com email: uslawessentials at gmail dot com United States Law: An Introduction for International Students is available as an ebook on Amazon, iBooks, etc: https://www.amazon.com/author/danieledelson

    published: 07 Jun 2014
  • What are Mortgage Backed Securities YouTube

    published: 24 Jan 2012
  • Mortgage Backed Securities

    published: 01 May 2017
  • What are mortgage backed securities

    And how do they affect daily mortgage rate pricing.

    published: 26 Dec 2014
  • What are Asset Backed Securities? | Made in Germany

    Or ABS - It's a familiar phrase but what exactly does it mean? The ECB has announced it will purchase huge amounts of covered bonds and asset-backed securities from European banks - which some blame for the triggering the financial crisis in the first place. More business news: http://www.dw.de/business

    published: 12 Sep 2014
  • MBS Modeling

    published: 10 Oct 2014
  • How credit cards become asset-backed bonds

    Mortgages arent the only financial instruments that get turned into securities. Marketplace Senior Editor Paddy Hirsch explains how companies make money by buying credit card debt and bundling it. More coverage of the financial crisis is at marketplace.org/financialcrisis

    published: 25 Nov 2008
developed with YouTube
Mortgage-backed securities I | Finance & Capital Markets | Khan Academy

Mortgage-backed securities I | Finance & Capital Markets | Khan Academy

  • Order:
  • Duration: 7:57
  • Updated: 31 Aug 2007
  • views: 373432
videos
Part I of the introduction to mortgage-backed securities. Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/mort-backed-secs-tut/v/mortgage-backed-securities-ii?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/mort-backed-secs-tut/v/mortgage-back-security-overview?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: In many commodities markets, it is very helpful for buyers or sellers to lock-in future prices. This is what both forwards and futures allow for. This tutorial explains how they work and what the difference is between the two. About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
https://wn.com/Mortgage_Backed_Securities_I_|_Finance_Capital_Markets_|_Khan_Academy
What is a Mortgage Backed Security?

What is a Mortgage Backed Security?

  • Order:
  • Duration: 1:50
  • Updated: 19 Mar 2012
  • views: 21766
videos
Do you have a MERS Mortgage? Go to : http://www.ismersinyourmortgage.com/ for a FREE INTRO COPY! Do you know what happened to your mortgage at the closing table? A mortgage-backed security (MBS) is a securitized interest in a pool of mortgages. It is a bond. Instead of paying investors fixed coupons and principal, it pays out the cash flows from the pool of mortgages. The simplest form of mortgage-backed security is a mortgage pass-through. With this structure, all principal and interest payments (less a servicing fee) from the pool of mortgages are passed directly to investors each month.
https://wn.com/What_Is_A_Mortgage_Backed_Security
What is a Mortgage Backed Security (MBS)?

What is a Mortgage Backed Security (MBS)?

  • Order:
  • Duration: 9:28
  • Updated: 16 Apr 2012
  • views: 35064
videos
An overview of the financial product Mortgage Backed Security (MBS). Describes the traditional model of mortgage lending, and how that changed with the introduction of the MBS. I also provide a brief overview of what Securitization is, and how MBSes played into the 2008 crash. This is the first in a series of explainers on basic financial products.
https://wn.com/What_Is_A_Mortgage_Backed_Security_(Mbs)
Fannie Mae's Role in Mortgage-Backed Securities

Fannie Mae's Role in Mortgage-Backed Securities

  • Order:
  • Duration: 3:12
  • Updated: 07 Aug 2014
  • views: 14922
videos
What are mortgage-backed securities (MBS), and what's Fannie Mae's role with them? See what we have to do with mortgage finance. http://bit.ly/mortgagefinance
https://wn.com/Fannie_Mae's_Role_In_Mortgage_Backed_Securities
Mortgage-backed securities II | Finance & Capital Markets | Khan Academy

Mortgage-backed securities II | Finance & Capital Markets | Khan Academy

  • Order:
  • Duration: 9:36
  • Updated: 31 Aug 2007
  • views: 259673
videos
Part II of the introduction to mortgage-backed securities. Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/mort-backed-secs-tut/v/mortgage-backed-securities-iii?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/mort-backed-secs-tut/v/mortgage-backed-securities-i?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: In many commodities markets, it is very helpful for buyers or sellers to lock-in future prices. This is what both forwards and futures allow for. This tutorial explains how they work and what the difference is between the two. About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
https://wn.com/Mortgage_Backed_Securities_Ii_|_Finance_Capital_Markets_|_Khan_Academy
Mortgage-backed security overview | Finance & Capital Markets | Khan Academy

Mortgage-backed security overview | Finance & Capital Markets | Khan Academy

  • Order:
  • Duration: 2:03
  • Updated: 20 Jul 2011
  • views: 72175
videos
Basics of how a mortgage back security works. Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/mort-backed-secs-tut/v/mortgage-backed-securities-i?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/forward-futures-contracts/v/interpretting-futures-fair-value-in-the-premarket?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: In many commodities markets, it is very helpful for buyers or sellers to lock-in future prices. This is what both forwards and futures allow for. This tutorial explains how they work and what the difference is between the two. About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
https://wn.com/Mortgage_Backed_Security_Overview_|_Finance_Capital_Markets_|_Khan_Academy
What is MORTGAGE-BACKED SECURITY? What does MORTGAGE-BACKED SECURITY mean?

What is MORTGAGE-BACKED SECURITY? What does MORTGAGE-BACKED SECURITY mean?

  • Order:
  • Duration: 5:19
  • Updated: 04 Apr 2017
  • views: 747
videos
What is MORTGAGE-BACKED SECURITY? What does MORTGAGE-BACKED SECURITY mean? MORTGAGE-BACKED SECURITY meaning - MORTGAGE-BACKED SECURITY definition - MORTGAGE-BACKED SECURITY explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. A mortgage-backed security (MBS) is a type of asset-backed security that is secured by a mortgage or collection of mortgages. The mortgages are sold to a group of individuals (a government agency or investment bank) that securitizes, or packages, the loans together into a security that investors can buy. The mortgages of an MBS may be residential or commercial, depending on whether it is an Agency MBS or a Non-Agency MBS; in the United States they may be issued by structures set up by government-sponsored enterprises like Fannie Mae or Freddie Mac, or they can be "private-label", issued by structures set up by investment banks. The structure of the MBS may be known as "pass-through", where the interest and principal payments from the borrower or homebuyer pass through it to the MBS holder, or it may be more complex, made up of a pool of other MBSs. Other types of MBS include collateralized mortgage obligations (CMOs, often structured as real estate mortgage investment conduits) and collateralized debt obligations (CDOs). The shares of subprime MBSs issued by various structures, such as CMOs, are not identical but rather issued as tranches (French for "slices"), each with a different level of priority in the debt repayment stream, giving them different levels of risk and reward. Tranches—especially the lower-priority, higher-interest tranches—of an MBS are/were often further repackaged and resold as collaterized debt obligations. These subprime MBSs issued by investment banks were a major issue in the subprime mortgage crisis of 2006–2008. The total face value of an MBS decreases over time, because like mortgages, and unlike bonds, and most other fixed-income securities, the principal in an MBS is not paid back as a single payment to the bond holder at maturity but rather is paid along with the interest in each periodic payment (monthly, quarterly, etc.). This decrease in face value is measured by the MBS's "factor", the percentage of the original "face" that remains to be repaid. There are many reasons for mortgage originators to finance their activities by issuing mortgage-backed securities. Mortgage-backed securities: 1. transform relatively illiquid, individual financial assets into liquid and tradable capital market instruments 2. allow mortgage originators to replenish their funds, which can then be used for additional origination activities 3. can be used by Wall Street banks to monetize the credit spread between the origination of an underlying mortgage (private market transaction) and the yield demanded by bond investors through bond issuance (typically a public market transaction) 4. are often a more efficient and lower-cost source of financing in comparison with other bank and capital markets financing alternatives. 5. allow issuers to diversify their financing sources by offering alternatives to more traditional forms of debt and equity financing 6. allow issuers to remove assets from their balance sheet, which can help to improve various financial ratios, utilize capital more efficiently, and achieve compliance with risk-based capital standards The high liquidity of most mortgage-backed securities means that an investor wishing to take a position need not deal with the difficulties of theoretical pricing described below; the price of any bond is essentially quoted at fair value, with a very narrow bid/offer spread. Reasons (other than investment or speculation) for entering the market include the desire to hedge against a drop in prepayment rates (a critical business risk for any company specializing in refinancing). Critics have suggested that the complexity inherent in securitization can limit investors' ability to monitor risks, and that competitive securitization markets with multiple securitizers may be particularly prone to sharp declines in underwriting standards. Private, competitive mortgage securitization is believed to have played an important role in the US subprime mortgage crisis. In addition, off–balance sheet treatment for securitizations coupled with guarantees from the issuer are said to make the securitizing firm's leverage less transparent, thereby facilitating risky capital structures and allowing credit risk underpricing. Off–balance sheet securitizations are believed to have played a large role in the high leverage ratio of US financial institutions before the financial crisis.
https://wn.com/What_Is_Mortgage_Backed_Security_What_Does_Mortgage_Backed_Security_Mean
Opportunities in Mortgage-Backed Securities

Opportunities in Mortgage-Backed Securities

  • Order:
  • Duration: 5:51
  • Updated: 07 Mar 2017
  • views: 1169
videos
Daniel Hyman, co-head of PIMCO’s agency mortgage portfolio management team, and Alfred Murata, mortgage credit portfolio manager, discuss opportunities in mortgage-backed securities in light of the outlook for the U.S. housing market. For an extended discussion of our views on the U.S. housing market and opportunities in mortgage securities, please watch U.S. U.S. Mortgage Market Outlook for 2017: https://www.youtube.com/watch?v=lw4sPLYV_Kw Follow us for insights on economies, markets and investing: Twitter: https://twitter.com/pimco LinkedIn: http://www.linkedin.com/company/pimco Facebook: http://www.facebook.com/pimco Blog: http://blog.pimco.com Terms and conditions: pimco.com/socialmedia
https://wn.com/Opportunities_In_Mortgage_Backed_Securities
18. Modeling Mortgage Prepayments and Valuing Mortgages

18. Modeling Mortgage Prepayments and Valuing Mortgages

  • Order:
  • Duration: 1:12:06
  • Updated: 02 Apr 2011
  • views: 17342
videos
Financial Theory (ECON 251) A mortgage involves making a promise, backing it with collateral, and defining a way to dissolve the promise at prearranged terms in case you want to end it by prepaying. The option to prepay, the refinancing option, makes the mortgage much more complicated than a coupon bond, and therefore something that a hedge fund could make money trading. In this lecture we discuss how to build and calibrate a model to forecast prepayments in order to value mortgages. Old fashioned economists still make non-contingent forecasts, like the recent predictions that unemployment would peak at 8%. A model makes contingent forecasts. The old prepayment models fit a curve to historical data estimating how sensitive aggregate prepayments have been to changes in the interest rate. The modern agent based approach to modeling rationalizes behavior at the individual level and allows heterogeneity among individual types. From either kind of model we see that mortgages are very risky securities, even in the absence of default. This raises the question of how investors and banks should hedge them. 00:00 - Chapter 1. Review of Mortgages 03:20 - Chapter 2. Complications of Refinancing Mortgages 19:26 - Chapter 3. Non-contingent Forecasts of Mortgage Value 28:40 - Chapter 4. The Modern Behavior Rationalizing Model of Mortgage Value 54:07 - Chapter 5. Risk in Mortgages and Hedging Complete course materials are available at the Open Yale Courses website: http://open.yale.edu/courses This course was recorded in Fall 2009.
https://wn.com/18._Modeling_Mortgage_Prepayments_And_Valuing_Mortgages
32.  CFA Level 1 Introduction to Asset Backed Securities LO5 and LO6 Part 1

32. CFA Level 1 Introduction to Asset Backed Securities LO5 and LO6 Part 1

  • Order:
  • Duration: 10:20
  • Updated: 17 Dec 2015
  • views: 8522
videos
All 10 Level 1 topics are available on this channel. If you like what I am doing, then be a friend: 1. Click subscribe so that you will be notified of all new uploads 2. Click like (the more likes these videos get, the better they show up in search results) 3. Don't click dislike!! That does not help me improve the content and delivery. If you don't like something, leave a comment, politely of course. 4. Click Share - help other find what you have found.
https://wn.com/32._Cfa_Level_1_Introduction_To_Asset_Backed_Securities_Lo5_And_Lo6_Part_1
Mortgage-backed securities III | Finance & Capital Markets | Khan Academy

Mortgage-backed securities III | Finance & Capital Markets | Khan Academy

  • Order:
  • Duration: 9:19
  • Updated: 01 Sep 2007
  • views: 206299
videos
Part III of the introduction to mortgage-backed securities. Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/cdo-tutorial/v/collateralized-debt-obligation-overview?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/mort-backed-secs-tut/v/mortgage-backed-securities-ii?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: In many commodities markets, it is very helpful for buyers or sellers to lock-in future prices. This is what both forwards and futures allow for. This tutorial explains how they work and what the difference is between the two. About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
https://wn.com/Mortgage_Backed_Securities_Iii_|_Finance_Capital_Markets_|_Khan_Academy
Mortgage Backed Securities (MBS)

Mortgage Backed Securities (MBS)

  • Order:
  • Duration: 5:17
  • Updated: 31 Dec 2015
  • views: 427
videos
Moisan Maxime Alessandri Maxime
https://wn.com/Mortgage_Backed_Securities_(Mbs)
Understanding CMBS Loans / Conduit Mortgages

Understanding CMBS Loans / Conduit Mortgages

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  • Duration: 2:12
  • Updated: 01 May 2015
  • views: 3644
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For more information about CMBS commercial loans please visit us at https://www.commercialloandirect.com/conduit-loans-main.html. CMBS loans can be used for the purchase or refinance for Commercial Real Estate properties, including Hotels, Industrial, Office, Multi-family, Medical, Mixed-Use, Retail, and Self-Storage Like all the other loans we offer at CLD, this type of loan is secured by a first-position mortgage on a commercial real estate property and is particularly popular among commercial real estate investors seeking non-recourse loans. Although conduit lenders have reverted back more prudent credit decisions that mitigate risk of default, CMBS loans have more flexible underwriting guidelines than conventional or agency loans. This means that Commercial Real Estate Investors that cannot meet the more stringent conventional liquidity and net worth guidelines are still able to invest at attractive terms. At CLD, the minimum loan amount for a CMBS product is $2M with no maximum loan amount. Max leverage is typically 75% with a minimum debt yield of 7 to 8%. Term lengths typically run between 5-10 years with some exceptions made for longer or shorter terms, while the amortization I usually between 20-30 years unless requested shorter. Loans are always non-recourse except for the standard “bad boy” carve outs and has defeasance or yield maintenance prepayment provisions. Interest-only may also be available on select properties for 1-10 years. For more in depth information please visit us at https://www.commercialloandirect.com. You may contact us at 800-687-0797 CLD Capital, Inc. 3399 Peachtree Rd NE Suite 1750 Atlanta, GA 30326
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Mortgage-backed security

Mortgage-backed security

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  • Duration: 0:17
  • Updated: 07 Sep 2016
  • views: 20
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A mortgage-backed security (MBS) is a type of asset-backed security that is secured by a mortgage or collection of mortgages.
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Mortgage-backed security

Mortgage-backed security

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  • Duration: 34:11
  • Updated: 07 Aug 2014
  • views: 993
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A mortgage-backed security (MBS) is a type of asset-backed security that is secured by a mortgage, or more commonly a collection ("pool") of sometimes hundreds of mortgages. The mortgages are sold to a group of individuals (a government agency or investment bank) that "securitizes", or packages, the loans together into a security that can be sold to investors. The mortgages of an MBS may be residential or commercial, depending on whether it is an Agency MBS or a Non-Agency MBS; in the United States they may be issued by structures set up by government-sponsored enterprises like Fannie Mae or Freddie Mac, or they can be "private-label", issued by structures set up by investment banks. The structure of the MBS may be known as "pass-through", where the interest and principal payments from the borrower or homebuyer pass through it to the MBS holder, or it may be more complex, made up of a pool of other MBSs. Other types of MBS include collateralized mortgage obligations (CMOs, often structured as real estate mortgage investment conduits) and collateralized debt obligations (CDOs). The shares of subprime MBSs issued by various structures, such as CMOs, are not identical but rather issued as tranches (French for "slices"), each with a different level of priority in the debt repayment stream, giving them different levels of risk and reward. Tranches—especially the lower-priority, higher-interest tranches—of an MBS are/were often further repackaged and resold as collaterized debt obligations. These subprime MBSs issued by investment banks were a major issue in the subprime mortgage crisis of 2006–8. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
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Mortgage Crisis Explained: Finance System, Fannie Mae, Freddie Mac, Global Markets (2015)

Mortgage Crisis Explained: Finance System, Fannie Mae, Freddie Mac, Global Markets (2015)

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  • Duration: 54:28
  • Updated: 25 Dec 2015
  • views: 12061
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A mortgage-backed security (MBS) is a type of asset-backed security that is secured by a mortgage or collection of mortgages. About the book: https://www.amazon.com/gp/product/0990976300/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0990976300&linkCode=as2&tag=tra0c7-20&linkId=59d18b8225ed6599b8b8050a523b67cc The mortgages are sold to a group of individuals (a government agency or investment bank) that securitizes, or packages, the loans together into a security that investors can buy. The mortgages of an MBS may be residential or commercial, depending on whether it is an Agency MBS or a Non-Agency MBS; in the United States they may be issued by structures set up by government-sponsored enterprises like Fannie Mae or Freddie Mac, or they can be "private-label", issued by structures set up by investment banks. The structure of the MBS may be known as "pass-through", where the interest and principal payments from the borrower or homebuyer pass through it to the MBS holder, or it may be more complex, made up of a pool of other MBSs. Other types of MBS include collateralized mortgage obligations (CMOs, often structured as real estate mortgage investment conduits) and collateralized debt obligations (CDOs).[1] The shares of subprime MBSs issued by various structures, such as CMOs, are not identical but rather issued as tranches (French for "slices"), each with a different level of priority in the debt repayment stream, giving them different levels of risk and reward. Tranches—especially the lower-priority, higher-interest tranches—of an MBS are/were often further repackaged and resold as collaterized debt obligations.[2] These subprime MBSs issued by investment banks were a major issue in the subprime mortgage crisis of 2006–8. The total face value of an MBS decreases over time, because like mortgages, and unlike bonds, and most other fixed-income securities, the principal in an MBS is not paid back as a single payment to the bond holder at maturity but rather is paid along with the interest in each periodic payment (monthly, quarterly, etc.). This decrease in face value is measured by the MBS's "factor", the percentage of the original "face" that remains to be repaid. https://en.wikipedia.org/wiki/Mortgage-backed_security The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, was founded in 1938 during the Great Depression as part of the New Deal. It is a government-sponsored enterprise (GSE) and has been a publicly traded company since 1968.[2] The corporation's purpose is to expand the secondary mortgage market by securitizing mortgages in the form of mortgage-backed securities (MBS),[3] allowing lenders to reinvest their assets into more lending and in effect increasing the number of lenders in the mortgage market by reducing the reliance on locally based savings and loan associations (aka "thrifts").[4] https://en.wikipedia.org/wiki/Fannie_Mae The Federal Home Loan Mortgage Corporation (FHLMC), known as Freddie Mac, is a public government-sponsored enterprise (GSE), headquartered in the Tyson's Corner CDP in unincorporated Fairfax County, Virginia.[2][3] The FHLMC was created in 1970 to expand the secondary market for mortgages in the US. Along with Fannie Mae, Freddie Mac buys mortgages on the secondary market, pools them, and sells them as a mortgage-backed security to investors on the open market. This secondary mortgage market increases the supply of money available for mortgage lending and increases the money available for new home purchases. The name, "Freddie Mac", is a variant of the initialism of the company's full name that had been adopted officially for ease of identification. On September 7, 2008, Federal Housing Finance Agency (FHFA) director James B. Lockhart III announced he had put Fannie Mae and Freddie Mac under the conservatorship of the FHFA (see Federal takeover of Fannie Mae and Freddie Mac). The action has been described as "one of the most sweeping government interventions in private financial markets in decades".[4][5][6] Moody's gave Freddie Mac's preferred stock an investment grade rating of A1 until August 22, 2008, when Warren Buffett said publicly that both Freddie Mac and Fannie Mae had tried to attract him and others. Moody's changed the credit rating on that day to Baa3, the lowest investment grade credit rating. Freddie's senior debt credit rating remains Aaa/AAA from each of the major ratings agencies Moody's, S&P, and Fitch.[7] As of the start of the conservatorship, the United States Department of the Treasury had contracted to acquire US$1 billion in Freddie Mac senior preferred stock, paying at a rate of 10% per year, and the total investment may subsequently rise to as much as US$100 billion. https://en.wikipedia.org/wiki/Freddie_Mac
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Introduction to Asset Backed Securities

Introduction to Asset Backed Securities

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  • Duration: 3:09
  • Updated: 18 Apr 2016
  • views: 2343
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This lecture is an introduction to my new course on Asset Backed Securities. You can enroll in the course for free on Udemy through the following link: https://www.udemy.com/asset-backed-securities/learn/v4/overview
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How did Investment Banks allegedly deceive Investors in mortgage-backed securities?

How did Investment Banks allegedly deceive Investors in mortgage-backed securities?

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  • Duration: 4:19
  • Updated: 07 Jun 2014
  • views: 1102
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How did investment banks allegedly deceive investors in RMBS. This video discusses allegations that investment banks concealed important information and risks from investors who invested in residential mortgage-backed securitie. To discuss further please comment below and visit my blog and message board. Also, feel free to send me an email. blog: http://uslaw.blogbaker.com message board: http://uslaw.activeboard.com email: uslawessentials at gmail dot com United States Law: An Introduction for International Students is available as an ebook on Amazon, iBooks, etc: https://www.amazon.com/author/danieledelson
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What are Mortgage Backed Securities    YouTube

What are Mortgage Backed Securities YouTube

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  • Duration: 1:55
  • Updated: 24 Jan 2012
  • views: 180
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Mortgage Backed Securities

Mortgage Backed Securities

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  • Duration: 4:24
  • Updated: 01 May 2017
  • views: 77
videos
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What are mortgage backed securities

What are mortgage backed securities

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  • Duration: 5:04
  • Updated: 26 Dec 2014
  • views: 96
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And how do they affect daily mortgage rate pricing.
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What are Asset Backed Securities? | Made in Germany

What are Asset Backed Securities? | Made in Germany

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  • Duration: 1:50
  • Updated: 12 Sep 2014
  • views: 7973
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Or ABS - It's a familiar phrase but what exactly does it mean? The ECB has announced it will purchase huge amounts of covered bonds and asset-backed securities from European banks - which some blame for the triggering the financial crisis in the first place. More business news: http://www.dw.de/business
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MBS Modeling

MBS Modeling

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  • Duration: 12:57
  • Updated: 10 Oct 2014
  • views: 1899
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How credit cards become asset-backed bonds

How credit cards become asset-backed bonds

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  • Duration: 7:59
  • Updated: 25 Nov 2008
  • views: 33943
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Mortgages arent the only financial instruments that get turned into securities. Marketplace Senior Editor Paddy Hirsch explains how companies make money by buying credit card debt and bundling it. More coverage of the financial crisis is at marketplace.org/financialcrisis
https://wn.com/How_Credit_Cards_Become_Asset_Backed_Bonds
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