Mortgage Backed Securities

Tags: Mortgage

An introduction to MBS, pass-through securities, and CMO's, with details to help understand MBS and how they work.

Last updated 2022-01-10 | 4.4

- To explain what mortgage backed securities (MBS) are and how they are structured.
- To discuss the pricing and trading of MBS.
- To describe what are pass-through securities
- their risks
- and how prices & yields are calculated for these instruments.

What you'll learn

To explain what mortgage backed securities (MBS) are and how they are structured.
To discuss the pricing and trading of MBS.
To describe what are pass-through securities
their risks
and how prices & yields are calculated for these instruments.
To understand collateralized mortgage obligations (CMOs)
their purpose and use
and how the market functions for these products.

* Requirements

* Knowledge of the English language.
* Participants are expected to have basic math knowledge coming into this course.
* A financial calculator is recommended to get the most out of this course.

Description

This course will introduce you to a variety of the more  commonly-encountered types of mortgage-backed securities, pass-through  securities, and CMO's, as well as a lot of the concepts used to assess  the attractiveness of mortgage-backed securities and a lot of the  details to help understand mortgage-backed securities and how they work. 

This course contains 21 lectures among 4 sections: 

  • Introduction to Mortgages and Mortgage Backed Securities

  • Pass Through Securities

  • Analysis of Pass Through Securities

  • Collateralized Mortgage Obligations

More about this course and Starweaver

This course is led by a seasoned capital markets industry practitioner and executive with many years of hands-on, in-the-trenches financial markets sales, trading and analysis work. It has been designed, produced and delivered by Starweaver. Starweaver is one of the most highly regarded, well-established training providers in the World, providing training courses to many of the leading financial institutions and technology companies, including:

Ahli United Bank; Mashreqbank; American Express; ANZ Bank; ATT; Banco Votorantim; Bank of America; Bank of America Global Markets; Bank of America Private Bank; Barclay Bank; BMO Financial Group; BMO Financial Services; BNP Paribas; Boeing; Cigna; Citibank; Cognizant; Commerzbank; Credit Lyonnais/Calyon; Electrosonic; Farm Credit Administration; Fifth Third Bank; GENPACT; GEP Software; GLG Group; Hartford; HCL; HCL; Helaba; HSBC; HSBC Corporate Bank; HSBC India; HSBC Private Bank; Legal & General; National Australia Bank; Nomura Securities; PNC Financial Services Group; Quintiles; RAK Bank; Regions Bank; Royal Bank of Canada; Royal Bank of Scotland; Santander Corporate Bank; Tata Consultancy Services; Union Bank; ValueMomentum; Wells Fargo; Wells Fargo India Solutions; Westpac Corporate Bank; Wipro; and, many others.

Starweaver has and continues to deliver 1000s of live in person and online education for organizational training programs for new hires and induction, as well as mid-career and senior level immersion and leadership courses.

If you are looking for live streaming education or want to understand what courses might be best for you in technology or business, just google:

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Happy learning.


Who this course is for:

  • Analysts and associates in commercial, corporate and investment banking.

Course content

4 sections • 21 lectures

Introduction to Mortgage Backed Securities Preview 11:11

Instructor Doug Carroll introduces the course.

Asset Securitization and Introduction to Mortgage Loans Preview 11:50

Instructor Doug Carroll explains asset securitization and introduces mortgage loans.

Mortgage Loans Preview 09:39

Instructor Doug Carroll explains mortgage loans.

Introduction to Pass Through Securities Preview 08:17

Instructor Doug Carroll gives an introduction to pass through securities.

US Mortgage Agencies Preview 09:28

Instructor Doug Carroll talks about U.S. mortgage agencies.

Agency Underwriting Guidelines Preview 09:07

Instructor Doug Carroll explains agency underwriting guidelines.

Structure of Pass Through Securities Preview 10:12

Instructor Doug Carroll explains the structure of pass through securities.

Mortgage Cash Flows Part 1 Preview 10:57

Instructor Doug Carroll talks about mortgage cash flows (part 1 of 2).

Mortgage Cash Flows Part 2 Preview 08:45

Instructor Doug Carroll talks about mortgage cash flows (part 2 of 2).

Mortgage Pool Cash Flows Preview 08:59

Instructor Doug Carroll explains mortgage pool cash flows.

Mortgage Prepayments Preview 10:33

Instructor Doug Carroll explains mortgage prepayments.

Risks of Pass Through Securities Preview 09:20

Instructor Doug Carroll discusses the risks of pass through securities.

Pass Through Securitries Prices and Yields Preview 07:41

Instructor Doug Carroll discusses prices and yields of pass through securities.

Pass Through Securities Cash Flows and Valuation Preview 09:32

Instructor Doug Carroll discusses cash flows and valuation of pass through securities.

MBS Prepayments and Negative Convexity Preview 10:23

Instructor Doug Carroll discusses MBS prepayments and negative convexity.

Prepayment Benchmarks Preview 08:53

Instructor Doug Carroll explains prepayment benchmarks.

Conditional Prepayment Rate and Introduction to CMOs Preview 08:31

Instructor Doug Carroll explains conditional prepayment rate and CMOs.

CMOs and Sequential Pay Tranches Preview 10:44

Instructor Doug Carroll talks about CMOs and sequential pay tranches.

Z Bond Tranches Preview 09:14

Instructor Doug Carroll talks about Z bond tranches.

PAC Bond Tranches Preview 11:23

Instructor Doug Carroll explains PAC bond tranches.

Other Types of Tranches Preview 06:37

Instructor Doug Carroll discusses other types of tranches and concludes the course.