Investing in Commercial Mortgage-Backed Securities
Frank J. Fabozzi Series
1. Edition February 2000
272 Pages, Hardcover
Wiley & Sons Ltd
ISBN:
978-1-883249-88-5
John Wiley & Sons
Commercial mortgage-backed securities (CMBS)-securitizations of mortgage loans backed by commercial real estate-have become compelling devices for fixed income investing. This title, edited by renowned financial expert Frank Fabozzi, describes the structure, valuation, and performance of CMBS, illustrates an empirical framework for estimating CMBS defaults, instructs how to value prepayment and credit risks of CMBS, and more.
Introduction to Commercial Mortgage-Backed Securities (B.
Lancaster).
The Commercial Mortgage-Backed Securities Deal (A. Sanders).
Floating-Rate Commercial Mortgage-Backed Securities (P. Corcoran
and J. Phillips).
Multifamily Project Securities (E. Daingerfield).
Lehman Brothers' CMBS Index (S. Berkley and A. Golbin).
The Efficient Frontier for CMBS and Commercial Mortgages Using a
Risk-Return Framework (D. Jacob and J. Patel).
Structure, Valuation, and Performance of CMBS (R. Gordon and L.
Gibson).
Value and Sensitivity Analysis of CMBS IOs (P. Obazee).
Valuation and Analysis of Credit-Sensitive CMBS Tranches (P.
Obazee).
An Empirical Framework for Estimating CMBS Defaults (D. Westhoff,
et al.).
Project-Loan Prepayments and Defaults (S. Banerjee, et al.).
Valuing the Prepayment and Credit Risks of Commercial Mortgage
Securities (M. Youngblood).
The CMBS Market, Swap Spreads, and Relative Value (B.
Lancaster).
The Effect of the Real Estate Cycle on Commercial Mortgage and CMBS
Spreads (D. Jacob and C. Hong).
CMBS in Japan (P. Corcoran and J. Phillips).
Index.
Lancaster).
The Commercial Mortgage-Backed Securities Deal (A. Sanders).
Floating-Rate Commercial Mortgage-Backed Securities (P. Corcoran
and J. Phillips).
Multifamily Project Securities (E. Daingerfield).
Lehman Brothers' CMBS Index (S. Berkley and A. Golbin).
The Efficient Frontier for CMBS and Commercial Mortgages Using a
Risk-Return Framework (D. Jacob and J. Patel).
Structure, Valuation, and Performance of CMBS (R. Gordon and L.
Gibson).
Value and Sensitivity Analysis of CMBS IOs (P. Obazee).
Valuation and Analysis of Credit-Sensitive CMBS Tranches (P.
Obazee).
An Empirical Framework for Estimating CMBS Defaults (D. Westhoff,
et al.).
Project-Loan Prepayments and Defaults (S. Banerjee, et al.).
Valuing the Prepayment and Credit Risks of Commercial Mortgage
Securities (M. Youngblood).
The CMBS Market, Swap Spreads, and Relative Value (B.
Lancaster).
The Effect of the Real Estate Cycle on Commercial Mortgage and CMBS
Spreads (D. Jacob and C. Hong).
CMBS in Japan (P. Corcoran and J. Phillips).
Index.
"Frank Fabozzi's series is the gold standard for investment
reference books. Always topical and often influential this is the
first place I send students or practitioners when they want to get
up to speed on a new area." (Stephen A. Ross, Franco Modigliani
Professor of Finance and Economics, Sloan School, MIT)
"The Fabozzi series provides the ultimate educational
encyclopedia for the global debt capital markets. Each day,
billions of dollars of debt securities trade around the world
according to the principles clearly and comprehensively explained
in this unrivaled series dedicated to the advancement of our
knowledge-based profession." (Jack Malvey, Managing Director, Chief
Global Fixed-Income Strategist, Lehman Brothers)
"When in doubt, you can always look it up in a book by Frank
Fabozzi. Fabozzi, who's not called the Prolific Professor for
nothing, has written or edited dozens of textbooks on
investing--all rock-solid, for advanced investors only." (Jason
Zwieg, Money.com)
reference books. Always topical and often influential this is the
first place I send students or practitioners when they want to get
up to speed on a new area." (Stephen A. Ross, Franco Modigliani
Professor of Finance and Economics, Sloan School, MIT)
"The Fabozzi series provides the ultimate educational
encyclopedia for the global debt capital markets. Each day,
billions of dollars of debt securities trade around the world
according to the principles clearly and comprehensively explained
in this unrivaled series dedicated to the advancement of our
knowledge-based profession." (Jack Malvey, Managing Director, Chief
Global Fixed-Income Strategist, Lehman Brothers)
"When in doubt, you can always look it up in a book by Frank
Fabozzi. Fabozzi, who's not called the Prolific Professor for
nothing, has written or edited dozens of textbooks on
investing--all rock-solid, for advanced investors only." (Jason
Zwieg, Money.com)
Frank J. Fabozzi is a financial consultant, the editor of the Journal of Portfolio Management, and an Adjunct Professor of Finance at Yale University's School of Management.
