• 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
  • Casual Economics: Mortgage-backed Securities

    You've probable heard a lot about Mortgage-backed Securities, but how do they actually work? Find out in this episode of Casual Economics.

    published: 06 Nov 2017
  • 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
  • Asset Securitization MBS, ABS, CMA, CDA, Credit Crisis 0001

    CFA | FRM | SFM | Excel Live Classes | Videos Available Globally For Details: www.aswinibajaj.com WhatsApp: +91 9830497377 & we shall get back to you. E-mail: me@aswinibajaj.com Hope you had a great learning experience! Do Like and Subscribe! And check our other videos on Finance (CFA, FRM, SFM), Resume making, Career options, etc. Click to access playlist. https://www.youtube.com/channel/UCyt8himITSzS0U9ktWIxc8g/playlists Thank you.

    published: 13 Jul 2017
  • 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
  • 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
  • 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
  • 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
  • The Case Against Goldman Sachs: Mortgage-Backed Collateralized Debt Obligations (2013)

    During the boom in housing prices, beginning in 2004, Goldman Sachs developed mortgage-related securities, known as synthetic collateralized debt obligations (CDOs). Through April 2007 Goldman issued over 20 of the CDOs -- which it dubbed "Abacus" -- for a total of $10.9 billion. The securities performed very poorly and by April 2010, Bloomberg reported that at least $5 billion worth of the securities either carried "junk" ratings, or had defaulted. According to an article in the New York Times (Morgenson 2009) while Goldman Sachs sold the Abacus mortgage-backed CDOs to investors, it "shorted" the CDOs, i.e. bet against them, earning large profits while its customers lost billions.(Morgenson 2009) The Times gave as an example of the $800 million Hudson Mezzanine CDO issued in 2006, which G...

    published: 02 Sep 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
  • What is an Asset-Backed Security ?

    Fundmantra explains Asset Backed Security. (ABS)

    published: 17 Jan 2015
  • 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
  • Mortgage Backed Securities

    published: 01 May 2017
  • Asset Backed securities | Account receivable |Account payable

    Asset-backed securities, called ABS, are bonds or notes backed by financial assets. Typically these assets consist of receivables other than mortgage loans, such as credit card receivables, auto loans, manufactured-housing contracts and home-equity loans.

    published: 22 Sep 2017
  • Jobs in the Future: Mortgage Backed Securities Analyst - Help to Keep Us Out of Recession

    http://jobsinthefuture.com/index.php/2017/10/09/opportunity-financial-management/ Gain Skill Development to Help America avoid another 2008 economy crash by getting online education in mortgage backed securities analyst. Mortgage Backed Security Analyst Skills: Identify investment opportunities (basic first step to your work) On the purchasers side you will analyze investments for value, growth opportunity, and risk On the Sellers side you will underwrite and prepare bundles to be sold to a purchaser This side may sound easy, but consider, you are trying to sell packages that caused a recession. With that in mind, these purchasers are going to be extra careful and you are going to want to make these deals as fool proof and attractive as possible. Compile and analyze large amounts of da...

    published: 09 Oct 2017
  • 2017 Level I CFA Fixed Income: Asset-Backed Securities - Summary

    CFA Video Lectures by IFT For more videos, notes, practice questions, mock exams and more visit: http://www.ift.world/ Facebook: facebook.com/CFA.Trainer For any Level I questions, join our Open Study Group on Linkedin: https://www.linkedin.com/groups/6712279

    published: 01 Mar 2016
  • 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
  • What is a Mortgage-Backed Security MBS? (Audio Corrected)

    Audio updated to remove my computer churning in the background from the original "what is an MBS" video.

    published: 16 Apr 2012
  • Mortgage-backed securities

    Katie Herr, investment specialist with BNP Paribas Asset Management, explains mortgage-backed securities.

    published: 27 Aug 2017
  • Asset-backed securities (ABS) einfach erklärt

    Helft uns gern und stimmt für uns ab: https://www.finanzielle-bildung-foerdern.de/projekt/easyfinance/ Vielen Dank für das Anschauen des Videos! Unser Wikifolio: https://www.wikifolio.com/de/de/w/wfsmallliq Liked gern das Video und abonniert unseren Kanal. In dieser Video erklären wir euch, was man unter Asset-backed Securities versteht. Es geht darum, wie aus den Forderungen besicherte Wertpapiere werden. Auch gehen wir auf die verschiedenen Tranchen ein, aus denen ein ABS besteht, sowie auf die verschiedenen Rückzahlmodalitäten eines ABS.

    published: 19 Aug 2017
  • 28. CFA Level 1 Introduction to Asset Backed Securities LO1

    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. REQUIRED DISCLAIMER: CFA Institute does not endorse, promote, or warrant the accuracy or quality of the products or services offered by Mark Meldrum. CFA ® are trademarks owned by CFA Institute.

    published: 17 Dec 2015
developed with YouTube
Mortgage-backed securities I | Finance & Capital Markets | Khan Academy
7:57

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

  • Order:
  • Duration: 7:57
  • Updated: 31 Aug 2007
  • views: 402673
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?
1:50

What is a Mortgage Backed Security?

  • Order:
  • Duration: 1:50
  • Updated: 19 Mar 2012
  • views: 30206
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)?
9:28

What is a Mortgage Backed Security (MBS)?

  • Order:
  • Duration: 9:28
  • Updated: 16 Apr 2012
  • views: 42094
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)
Casual Economics: Mortgage-backed Securities
6:00

Casual Economics: Mortgage-backed Securities

  • Order:
  • Duration: 6:00
  • Updated: 06 Nov 2017
  • views: 1587
videos
You've probable heard a lot about Mortgage-backed Securities, but how do they actually work? Find out in this episode of Casual Economics.
https://wn.com/Casual_Economics_Mortgage_Backed_Securities
Fannie Mae's Role in Mortgage-Backed Securities
3:12

Fannie Mae's Role in Mortgage-Backed Securities

  • Order:
  • Duration: 3:12
  • Updated: 07 Aug 2014
  • views: 18028
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
Asset Securitization   MBS, ABS, CMA, CDA, Credit Crisis 0001
1:02:25

Asset Securitization MBS, ABS, CMA, CDA, Credit Crisis 0001

  • Order:
  • Duration: 1:02:25
  • Updated: 13 Jul 2017
  • views: 6495
videos
CFA | FRM | SFM | Excel Live Classes | Videos Available Globally For Details: www.aswinibajaj.com WhatsApp: +91 9830497377 & we shall get back to you. E-mail: me@aswinibajaj.com Hope you had a great learning experience! Do Like and Subscribe! And check our other videos on Finance (CFA, FRM, SFM), Resume making, Career options, etc. Click to access playlist. https://www.youtube.com/channel/UCyt8himITSzS0U9ktWIxc8g/playlists Thank you.
https://wn.com/Asset_Securitization_Mbs,_Abs,_Cma,_Cda,_Credit_Crisis_0001
Mortgage-backed security overview | Finance & Capital Markets | Khan Academy
2:03

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

  • Order:
  • Duration: 2:03
  • Updated: 20 Jul 2011
  • views: 77777
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
Mortgage-backed securities II | Finance & Capital Markets | Khan Academy
9:36

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

  • Order:
  • Duration: 9:36
  • Updated: 31 Aug 2007
  • views: 277354
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
Opportunities in Mortgage-Backed Securities
5:51

Opportunities in Mortgage-Backed Securities

  • Order:
  • Duration: 5:51
  • Updated: 07 Mar 2017
  • views: 1787
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
1:12:06

18. Modeling Mortgage Prepayments and Valuing Mortgages

  • Order:
  • Duration: 1:12:06
  • Updated: 02 Apr 2011
  • views: 19001
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
Mortgage-backed securities III | Finance & Capital Markets | Khan Academy
9:19

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

  • Order:
  • Duration: 9:19
  • Updated: 01 Sep 2007
  • views: 218548
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
The Case Against Goldman Sachs: Mortgage-Backed Collateralized Debt Obligations (2013)
43:36

The Case Against Goldman Sachs: Mortgage-Backed Collateralized Debt Obligations (2013)

  • Order:
  • Duration: 43:36
  • Updated: 02 Sep 2014
  • views: 2965
videos
During the boom in housing prices, beginning in 2004, Goldman Sachs developed mortgage-related securities, known as synthetic collateralized debt obligations (CDOs). Through April 2007 Goldman issued over 20 of the CDOs -- which it dubbed "Abacus" -- for a total of $10.9 billion. The securities performed very poorly and by April 2010, Bloomberg reported that at least $5 billion worth of the securities either carried "junk" ratings, or had defaulted. According to an article in the New York Times (Morgenson 2009) while Goldman Sachs sold the Abacus mortgage-backed CDOs to investors, it "shorted" the CDOs, i.e. bet against them, earning large profits while its customers lost billions.(Morgenson 2009) The Times gave as an example of the $800 million Hudson Mezzanine CDO issued in 2006, which Goldman bet against, but also sold to investors. By March 2008, just 18 months after Goldman created the CDO, "so many borrowers had defaulted that holders of the security paid out about $310 million to Goldman and others who had bet against it." The article further claims Goldman tried to pressure the credit rating service Moody's to rate its products higher than they should have been, and that various rules regarding CDO-default pay outs were modified to favor short sellers in 2005. A Goldman worker named Tetsuya Ishikawa was involved in these deals and later wrote a novel called How I Caused the Credit Crunch. While the Times claimed Goldman "used the C.D.O.'s to place unusually large negative bets that were not mainly for hedging purposes," Goldman claimed that it was simply hedging, not expecting the CDOs to fail, and denied that its investors were unaware of Goldman's bets against the products it was selling to them. Goldman and one of its traders, Fabrice Tourre, were later sued by the SEC over circumstances surrounding one of these CDOs, Abacus 2007-AC1. Tourre was found guilty of six of seven charges in August 2013. On 17 January 2006, CDS Indexco and Markit launched ABX.HE, a subprime mortgage backed credit derivative index with home equity loans as assets, with plans to extend the index to other underlying assets, such as Credit Cards (ABX.CC), Student Loans (ABX.SL) and Auto Loans (ABX.AU). In a marketing presentation(2006 Wiley) CDS IndexCo was described as the owner of the DJ CDX family of credit default swap (CDS) indices formed from a merger of the major CDS indices (iBoxx and Trac-X) in April 2004. It introduced a "second generation product such as index tranches and index options."(Wiley 2006) They launched the Home Equity (ABX.HE) ABX on 19 January 2006. Advertised daily prices were availability on the Markit website. The purpose of the indices is to allow investors to trade exposures to the subprime market without holding the actual asset backed securities. The ABX.HE Index was created from "qualifying deals of 20 of the largest sub-prime home equity ABS shelf programs from the six month period preceding the roll."(Wiley & 2006 11) The market makers of ABX.HE were listed as Goldman Sachs, JPMorgan, Deutsche Bank, Barclays Capital, Bank of America, BNP Paribas, Citigroup, Credit Suisse, Lehman Brothers, Merrill Lynch, [RBS Greenwich, UBS and Wachovia.(Wiley & 2006 13) These investment firms had "anticipated the crisis. In 2006, Wall Street had introduced a new index, called the ABX, that became a way to invest in the direction of mortgage securities. The index allowed traders to bet on or against pools of mortgages with different risk characteristics, just as stock indexes enable traders to bet on whether the overall stock market, or technology stocks or bank stocks, will go up or down."(Morgenson 2009) On 14 November 2007, Markit Markit acquired International Index Company and agreed to acquire CDS IndexCo.[166] According to a (Morgenson 2009) New York Times article, Goldman Sachs used an ABX index to bet against (i.e. short) the housing market in 2006. It also "began marketing short bets using the ABX index to hedge funds like Paulson & Company, Magnetar, and Soros Fund Management."(Morgenson 2009) http://en.wikipedia.org/wiki/Goldman_Sachs
https://wn.com/The_Case_Against_Goldman_Sachs_Mortgage_Backed_Collateralized_Debt_Obligations_(2013)
What are Asset Backed Securities? | Made in Germany
1:50

What are Asset Backed Securities? | Made in Germany

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  • Duration: 1:50
  • Updated: 12 Sep 2014
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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
https://wn.com/What_Are_Asset_Backed_Securities_|_Made_In_Germany
What is an Asset-Backed Security ?
2:08

What is an Asset-Backed Security ?

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  • Duration: 2:08
  • Updated: 17 Jan 2015
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Fundmantra explains Asset Backed Security. (ABS)
https://wn.com/What_Is_An_Asset_Backed_Security
What is MORTGAGE-BACKED SECURITY? What does MORTGAGE-BACKED SECURITY mean?
5:19

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

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  • Duration: 5:19
  • Updated: 04 Apr 2017
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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
Mortgage Backed Securities
4:24

Mortgage Backed Securities

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  • Duration: 4:24
  • Updated: 01 May 2017
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https://wn.com/Mortgage_Backed_Securities
Asset Backed securities | Account receivable |Account payable
5:05

Asset Backed securities | Account receivable |Account payable

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  • Duration: 5:05
  • Updated: 22 Sep 2017
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Asset-backed securities, called ABS, are bonds or notes backed by financial assets. Typically these assets consist of receivables other than mortgage loans, such as credit card receivables, auto loans, manufactured-housing contracts and home-equity loans.
https://wn.com/Asset_Backed_Securities_|_Account_Receivable_|Account_Payable
Jobs in the Future: Mortgage Backed Securities Analyst - Help to Keep Us Out of Recession
6:58

Jobs in the Future: Mortgage Backed Securities Analyst - Help to Keep Us Out of Recession

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  • Duration: 6:58
  • Updated: 09 Oct 2017
  • views: 42
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http://jobsinthefuture.com/index.php/2017/10/09/opportunity-financial-management/ Gain Skill Development to Help America avoid another 2008 economy crash by getting online education in mortgage backed securities analyst. Mortgage Backed Security Analyst Skills: Identify investment opportunities (basic first step to your work) On the purchasers side you will analyze investments for value, growth opportunity, and risk On the Sellers side you will underwrite and prepare bundles to be sold to a purchaser This side may sound easy, but consider, you are trying to sell packages that caused a recession. With that in mind, these purchasers are going to be extra careful and you are going to want to make these deals as fool proof and attractive as possible. Compile and analyze large amounts of data to provide reporting and trending of key performance indicators to senior management. (Keeping an eye on the market) Deep understanding of how to Qualify Residential and Commercial Mortgages Jobs Available Right Now! Huntington Bank Home Mortgage Reporting Analyst ($65k glassdoor est.) Wells Fargo Securities Analyst CitiGroup Residential Mortgage Analyst ($50k glassdoor est.) Education Needed for Mortgaged Backed Securities Analyst Most companies will be looking for a bachelors degree in finance, accounting, mathematics, economics, statistics, etc... but if you can prove your knowledge of the business and get an internship while taking courses online you just MIGHT be able to have a leg up on a lot of those degree holding inexperienced folk. 1 ) Mortgage Backed Securities (MBS): Part I from the New York Institute of Finance Learn about the characteristics of U.S. mortgage-backed securities and various agencies within the market in this comprehensive overview. Get plugged in Mortgage Backed Securities! === 2 ) Mortgage Backed Securities (MBS): Part II from the New York Institute of Finance Gain in-depth knowledge of the U.S. MBS market and learn about basic features of agency and non-agency CMOs as well as important types of tranches. Build your knowledge and expertise in Mortgaged backed securities with Part II === 3 ) Financial Analysis for Decision Making from Babson College Online Once you understand the ins and outs or Mortgage Backed Securities you must know how to analyze their potential. Learn how to analyze business opportunities for their financial viability and secure funding to start and grow businesses. ------- SOCIAL Twitter ► @jobsinthefuture Facebook ►/jobsinthefuture Instagram ►@Jobsinthefuture WHERE I LEARN: (affiliate links) Lynda.com ► http://bit.ly/2rQB2u4 edX.org ► http://fxo.co/4y00 MY FAVORITE GEAR: (affiliate links) Camera ► http://amzn.to/2BWvE9o CamStand ► http://amzn.to/2BWsv9M Compute ► http://amzn.to/2zPeLvs Mouse ► http://amzn.to/2C0T9hq TubeBuddy ► https://www.tubebuddy.com/bengkaiser ► Download the Ultimate Guide Now! ( https://www.getdrip.com/forms/883303253/submissions/new ) Thanks for Supporting Our Channel
https://wn.com/Jobs_In_The_Future_Mortgage_Backed_Securities_Analyst_Help_To_Keep_US_Out_Of_Recession
2017 Level I CFA Fixed Income: Asset-Backed Securities - Summary
31:46

2017 Level I CFA Fixed Income: Asset-Backed Securities - Summary

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  • Duration: 31:46
  • Updated: 01 Mar 2016
  • views: 12960
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CFA Video Lectures by IFT For more videos, notes, practice questions, mock exams and more visit: http://www.ift.world/ Facebook: facebook.com/CFA.Trainer For any Level I questions, join our Open Study Group on Linkedin: https://www.linkedin.com/groups/6712279
https://wn.com/2017_Level_I_Cfa_Fixed_Income_Asset_Backed_Securities_Summary
Mortgage Crisis Explained: Finance System, Fannie Mae, Freddie Mac, Global Markets (2015)
54:28

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

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  • Duration: 54:28
  • Updated: 25 Dec 2015
  • views: 14775
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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
https://wn.com/Mortgage_Crisis_Explained_Finance_System,_Fannie_Mae,_Freddie_Mac,_Global_Markets_(2015)
What is a Mortgage-Backed Security MBS? (Audio Corrected)
9:28

What is a Mortgage-Backed Security MBS? (Audio Corrected)

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  • Duration: 9:28
  • Updated: 16 Apr 2012
  • views: 5199
videos
Audio updated to remove my computer churning in the background from the original "what is an MBS" video.
https://wn.com/What_Is_A_Mortgage_Backed_Security_Mbs_(Audio_Corrected)
Mortgage-backed securities
5:08

Mortgage-backed securities

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  • Duration: 5:08
  • Updated: 27 Aug 2017
  • views: 198
videos
Katie Herr, investment specialist with BNP Paribas Asset Management, explains mortgage-backed securities.
https://wn.com/Mortgage_Backed_Securities
Asset-backed securities (ABS) einfach erklärt
4:19

Asset-backed securities (ABS) einfach erklärt

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  • Duration: 4:19
  • Updated: 19 Aug 2017
  • views: 3519
videos
Helft uns gern und stimmt für uns ab: https://www.finanzielle-bildung-foerdern.de/projekt/easyfinance/ Vielen Dank für das Anschauen des Videos! Unser Wikifolio: https://www.wikifolio.com/de/de/w/wfsmallliq Liked gern das Video und abonniert unseren Kanal. In dieser Video erklären wir euch, was man unter Asset-backed Securities versteht. Es geht darum, wie aus den Forderungen besicherte Wertpapiere werden. Auch gehen wir auf die verschiedenen Tranchen ein, aus denen ein ABS besteht, sowie auf die verschiedenen Rückzahlmodalitäten eines ABS.
https://wn.com/Asset_Backed_Securities_(Abs)_Einfach_Erklärt
28.  CFA Level 1 Introduction to Asset Backed Securities LO1
6:36

28. CFA Level 1 Introduction to Asset Backed Securities LO1

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  • Duration: 6:36
  • Updated: 17 Dec 2015
  • views: 14814
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. REQUIRED DISCLAIMER: CFA Institute does not endorse, promote, or warrant the accuracy or quality of the products or services offered by Mark Meldrum. CFA ® are trademarks owned by CFA Institute.
https://wn.com/28._Cfa_Level_1_Introduction_To_Asset_Backed_Securities_Lo1
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