32 of 34 people found the following review helpful
Not for Practitioners,
This review is from: Mortgage-Backed Securities: Products, Structuring, and Analytical Techniques (Hardcover)Background:
I'm a recent college grad (finance) who has passed level 1 of the CFA and sat for level 2. I've been working in securitized products with two others colleagues at a large institutional investment firm for 3-4 months now. Since my colleagues don't have the time or are not always helpful in teaching me (one is chinese), I've bought or rented most of the books on the subject matter and by trial and error whittled down the ones that are most useful for someone working in or new to the industry. I've never written a review, but feel obligated to save others time and money on this one.
Don't buy. There are better alternatives and little if any has been updated from previous Fabozzi texts. Berliner (one of the authors) comment on another customers review is wrong. He wrote, [the book] "contains material on evaluating non-agency MBS which has never been published before." This is false. The Handbook of Nonagency Mortgage-Backed Securities was... Read more
A must-have book for everyone willing to figure out how MBS are structured and traded,
This review is from: Mortgage-Backed Securities: Products, Structuring, and Analytical Techniques (Hardcover)
The author has done a great job -- once again. He skillfully explains how securities are structured, valued and sold. Anyone with some basic knowledge of fixed income instruments will go through the book easily and a great deal of pleasure.