Mortgage Backed Securities

New York Institute of Finance

ITEM FIPR0410

30 Sep 2024 - 01 Oct 2024

09:00 AM - 04:30 PM

$1,989.00

group

In-person (NY Campus)

update

2

language

English

school

Professional

30 Sep 2024 - 01 Oct 2024

09:00 AM - 04:30 PM

$1,989.00

videocam

Virtual (Full-time)

update

2

language

English

school

Professional


Questions? We're here to help you

Please complete this form and a NYIF Career Advisor will assist you.



Please fill in the field.

Next

Please complete this form and a NYIF Career Advisor will assist you.



Please fill in the field.

Prev
Next

Please complete this form and a NYIF Career Advisor will assist you.


Please fill in the field.

Prev
Next

Select preferred contact method

Schedule call

call center image

or

Please fill in the field.

Send us your questions

email image
Prev

Where Wall Street Goes to SchoolTM!

Please select a time and date from the calendar to book a 15-minute call with a NYIF Career Advisor.

You can also reach us on +1 347 842 2501 or marketing@nyif.com

Something went wrong, please try again later!

17

Mortgage Backed Securities

Understand the ᅠtypes of MBS, factors that influence their investment characteristics, analytic techniques used to evaluate risk and return, and MBS trading/settlement.

CPE Credits: 14

Learn now pay later with

To make it even easier to learn, you can finance your program through Affirm.

Loans offered through Affirm are available in the U.S. and Canada.

  • Easy monthly payments

    Learn more

  • Flexible payments

    Pay your monthly bill using a bank transfer, check, or debit card.

Module 1: Overview Of The Mortgage Backed Securities Market

  • Introduction to mortgage backed securities
  • Historical background
  • Evolution of federal agency mortgage backed securities
  • Government National Mortgage Association
  • Federal National Mortgage Association
  • Federal Home Loan Mortgage Corporation
  • Innovations (ARMs, CMOs, SMBS, etc.)
  • Originators, servicers, dealers and investors

Module 2: Mortgages Loans

  • Characteristics of mortgages
  • Types of mortgages
  • Mortgage cash flows

Module 3: Mortgage Pass Through Securities

  • Types of mortgage pass through securities
  • Structural characteristics of pass through
  • Weighted average maturity (WAM)
  • Weighted average coupon (WAC)
  • Weighted average loan age (WALA)
  • MBS sector considerations

Module 4: Dynamics Of Mortgage Prepayments

  • Demographic considerations
  • Seasonal patterns in prepayment rates
  • Home sales activities
  • Mortgage refinancing
  • Quantifying prepayment speed - PSA benchmark

Module 1: Bond Math Basics of MBS

  • Price present value of projected future cash flows
  • Yield to maturity, cash flow yield and bond equivalent yield
  • Complexity of MBS
  • Yield spreads versus treasuries
  • Yield versus return

Module 2: Analysis Of Pass Though Securities

  • Pass through compared to other fixed income securities
  • Prepayments and uncertain average life
  • Pass throughs price and cash flow dynamics
  • Negative convexity
  • Total return analysis
  • Option adjusted spread analysis
  • Duration measures for MBS

Module 3: Collateralized Mortgage Obligations

  • CMO basics
  • Pay through versus pass through securities
  • Plain vanilla CMOs - sequential pay bonds
  • Z-bond tranches
  • Planned amortization class (PAC) bond tranches
  • Targeted amortization class (TAC) bond tranches
  • Very Accurately Defined Maturity (VADM) bonds
  • Floating and inverse floating rate tranches
  • Stripped mortgage backed securities - IOs and POs
  • CMO valuation issues
  • Structural factors affecting value

Module 4: MBS Trading

  • TBA trading
  • Dollar Rolls

Module 5: Desk Ready Skills Knowledge Check

Customize Mortgage Backed Securities

* Required Fields

Your Customization
Mortgage Backed Securities

In stock

$1,989.00

Summary