Mortgage Backed Securities Professional Certificate - Online

New York Institute of Finance

ITEM FIPR0410x

Self Paced Course

Available Now
Online

$1,399.00

video_library

Online (Self-paced)

update

18 Hours

language

English

school

Professional

Virtual Series Course

Available Now
Virtual (Part-Time)

$1,399.00

video_library

Online (Self-paced)

update

18 Hours

language

English

school

Professional


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17

Mortgage Backed Securities Professional Certificate - Online

Mortgage Backed Securities is a fast-paced, comprehensive yet detailed introduction to the U.S. mortgage-backed securities market. The coverage runs from the basics of terminology and features of individual mortgage contracts all the way through to the structure and investment characteristics of exotic instruments such as PAC bond tranches and reverse mortgage securitization. Along the way the professional certificate will address aspects of the MBS market ranging from the creation of the basic building blocks (mortgage origination and types of mortgages), the process of turning them into investment instruments (asset securitization) and how in certain instances the cash distributions are structured to create a variety of securities from a single collateral pool (types of tranches of collateralized mortgage obligations – CMOs).

CPE Credits: 18 - The complete list of CPE courses can be found here.

Program Details (NASBA) View
Program Level Intermediate
Prerequisites None
Advance Preparation No advance preparation required.
Recent Revision Date May 25, 2017
Instructional Delivery Method QAS Self Study
Field of Study Specialized Knowledge

 

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Duration : 15 Minutes

Duration : 20 Minutes

  • LO 1: Introduction to Mortgage Backed Securities

Duration : 60 Minutes

  • LO 1: Introduction to Mortgage Backed Securities Market
  • LO 2: Government Agencies Versus Government Sponsored Enterprises (GSEs)
  • LO 3: Risk Factors
  • LO 4: Overview of Pass-through Securities

Duration : 60 Minutes

  • LO 1: What is a Mortgage?
  • LO 2: Categorization of Mortgages
  • LO 3: Mortgage Backed Securities Market

Duration : 60 Minutes

  • LO 1: Structure of Pass-through Securities
  • LO 2: Loan Pool Characteristics and Pass through Rates
  • LO 3: Interest Rates

Duration : 60 Minutes

  • LO1: Mortgage Cash Flows - I
  • LO2: Mortgage Cash Flows - II
  • LO3: Mortgage Cash Flows - III

Duration : 60 Minutes

  • LO1: Analysis of Pass-through Securities - I
  • LO2: Analysis of Pass-through Securities - II
  • LO3: Convexity of Pass-through Securities
  • LO4: Risks of Agency Pass-through Securities

Duration : 60 Minutes

  • LO1: MBS Price and Yield Conventions
  • LO2: Cash Flow Yield and Bond Equivalent Yield
  • LO3: Bond Math of Mortgage Backed Securities and Prepayment Benchmarks

Duration : 60 Minutes

  • LO1: Analysis of Pass-through and Mortgage Backed Securities
  • LO2: Valuing MBS
  • LO3: Analysis of MBS

Duration : 60 Minutes

  • LO1: Agency Collateralized Mortgage Obligations (CMOs)
  • LO2: Collateralized Mortgage Obligations
  • LO3: Agency CMOs
  • LO4: Agency CMOs (Cont.)

Duration : 90 Minutes

  • LO1: Z Bond Tranches
  • LO2: PAC Bond Tranches
  • LO3: TAC Bond Tranches

Duration : 60 Minutes

  • LO1: Introduction
  • LO2: Credit Enhancements - External
  • LO3: Credit Enhancements - Internal
  • LO4: Shifting Interest and Role of the Credit Rating Agencies
  • LO5: Prepayment Rates of Non-agency CMOs and Analysis of Non-agency CMO Collateral

Duration : 20 Minutes

  • LO1: Giants, Megas and Platinum Securities
  • LO2: Reverse Mortgages

Duration : 45 Minutes

  • LO1: Introduction to Commercial Mortgage Backed Securities (CMBS)
  • LO2: Commercial Mortgages – Property Types

Duration : 20 Minutes

  • LO1: Introduction to Multifamily Mortgages

Duration : 45 Minutes

  • LO1: Types, Characteristics and Terms of TBA Trades
  • LO2: Settlement of TBA Trades

Duration : 40 Minutes

  • LO1: Introduction to Dollar Rolls
  • LO2: Better Understanding Dollar Rolls

Duration : 45 Minutes

  • LO1: Types of Adjustable Rate Mortgages
  • LO2: Common Features of ARMs and Hybrids
  • LO3: Analysis of ARMs Securities

Duration : 80 Minutes

Duration : 120 Minutes