FIN 400h - Mortgage-Backed Securities

Institution:

Washington University in St Louis

Subject:

Description:

Focuses on the valuation and hedging of securitized products with particular attention to mortgage-backed securities. Discussion topics include: (1) various types of loans that can be securitized (fixed-rate mortgages, floating rate mortgages, commercial mortgages, car loans, student loans, etc.), (2) the institutions that exist to facilitate loan sale, and what type of derivative securities have been created, and (3) how default and prepayment risk are measured and how these risks are managed. WINOAS, a commercial software package from the Mortgage Industry Advisory Corporation, is used to analyze prepayment scenarios into various valuations. Prerequisites: Fin 340, Fin 441, and Fin 451. Same as B62 535

Credits:

1.50

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.wustl.edu

Phone Number:

(314) 935-5000

Regional Accreditation:

North Central Association of Colleges and Schools

Calendar System:

Semester

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