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Refinancing applications at 15-month high

Applications for mortgage refinancing hit a 15-month high last week as interest rates remained near historic lows, a mortgage bankers' group said Wednesday.

The Mortgage

The Mortgage



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Unlike Bernanke, Dallas Fed chief Fisher not keen on buying longer-term securities

Richard W. Fisher, president of the Federal Reserve Bank of Dallas, said Wednesday that he "would be reluctant" to expand the Fed's balance sheet even though the nation needs stronger economic growth.

Lower Interest Rates Help Car Shoppers Too

Record low interest rates may be boosting mortgage refinancing, but it turns out those low rates can help you lower the monthly payments on your car as well.

Mortgage and Mortgage-Backed Securities Markets (Harvard Business School Press Series in Financial Services Management)

Mortgage and Mortgage-Backed Securities Markets (Harvard Business School Press Series in Financial Services Management)




The American dream of home ownership has created the world’s largest debt market - exceeding the stock and corporate bond markets combined. Mortgage-backed securities, financially engineered products of that debt, represent a unique challenge to professional investors, mortgage originators, bankers, regulators, and financial economists. This book describes the economic forces that molded the mortgage market and evaluates the variety of mortgage designs and the securities created from them. It explains each aspect of contemporary mortgages, the development of the secondary mortgage market, and the characteristics of mortgage-backed securities (passthroughs, collateralized mortgage obligations, and stripped mortgage-backed securities). The text also provides techniques for analyzing and hedging these complex securities.

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5 Stars Still relevant
This book may be dated, but if you want an in depth review of the fundamentals of all types of mortgages, pass-through securities, CMOs, and MBS valuation techniques this book should be your first stop.

After reading this book, you will have the solid foundation that you need to read more advanced tomes and/or understand current developments in mortgage securitization.

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