Handbook of Commercial Mortgage-Backed Securities

By: Frank J. Fabozzi, David Jacobs

Normal price: 60
Our price: 48 + postage
Bargain: save £12 !

Product code: 16749
ISBN: 188324949X
520 pages
Format: Hb
Published by: John Wiley & Sons, 1998, 2nd edition

There are no reviews available for this book

Handbook of Commercial Mortgage-Backed Securities - front page cover image

Description of Handbook of Commercial Mortgage-Backed Securities

The Handbook of Commercial Mortgage-Backed Securities is a cornerstone reference in this emerging sector of the structured finance market. This Second Edition provides updated coverage of the market, the instruments, the tools used to assess these securities, and tax accounting issues.

In addition to an overview of the commercial real estate finance and commercial property markets, this book also covers property-market framework for bond investors, the role of the servicer, an investor's perspective on commercial mortgage-backed coupon strips, defaults on commercial mortgages, assessing credit risk, an options approach to valuation and risk analysis, legal perspectives on disclosure issues, and federal income taxation.

Handbook of Commercial Mortgage-Backed Securities - Chapter headings

Contributing Authors

List of Advertisers

SECTION I: BACKGROUND

1. The CMBS Market: Past, Present, and Future (G. Gichon)
2. A Property Market Framework for Bond Investors (P. Corcoran)
3. Commercial Mortgage Default Rates and Loss Severity (R. Pelletier and A. Rudenstein)

SECTION II: CMBS AND STRUCTURING ISSUES

4. Commercial Mortgage-Backed Securities (J. DeMichele and W. Adams)
5. An Investor's Framework for Modeling and Analyzing CMBS (R. Trepp and J. Savitsky)
6. Structural Considerations Impacting CMBS (J. Dunlevy)
7. How CMBS Structuring Impacts the Performance of the Bond Classes (D. Jacob and L. Tong)
8. Understanding Prepayments in CMBS Deals (D. Cheng, et al.)
9. Investing in Subordinate CMBS Bonds (J. Mathew and E. Katz)

SECTION III: RISK ANALYSIS

10. CMBS: Developing Risk Management for a New Asset Class (M. Reilly and B. Golub)
11. Evaluating the Risk of Commercial Mortgage-Backed Securities (G. Pappadopoulos and J Fisher)
12. Rating of Commercial Mortgage -Backed Securities (J. Franzetti)
13. Assessing Credit Risk of CMBS (P. Corcoran and D. Kao)
14. Credit-Diven Prepayment and Default Analysis (M. Ervolini, et al.)
15. Understanding and Managing the Balloon Risk of Commercial Mortgages in CMBS (D. Jacob and P. Fastovsky)

SECTION IV: VALUATION AND RELATIVE VALUE ANALYSIS

16. A Framework for Risk and Relative Value Analysis of CMBS: Theory (D. Jacob, et al.)
17. A Framework for Risk and Relative Value Analysis of CMBS: Practice (D. Jacob and G. Gichon)
18. An Options Approach to Commercial Mortgages and CMBS Valuation and Risk Analysis (D. Jacob, et al.)
19. A Monte Carlo Default Pricing Model for CMBS (G. Pappadopoulos)
20. An Investor's Perspective on Commercial Mortgage-Backed Coupon Strips (K. Gollenberg)
21. High Yield Commercial Mortgage-Backed Securities (D. Jacob and G. Gichon)

SECTION V: ACCOUNTING, TAXES, AND LEGAL ISSUES

22. The Role of the Trustee (S. Davis, et al.)
23. Performing Financial Due Diligence Associated with Commercial Mortgage Securitizations (D. Baranick and S. Quraishi)
24. Generally Accepted Accounting Principles for Issuers of and Investors in CMBS (D. Baranick and R. Bennett)
25. Federal Income Taxation of REMICs and CMBS (J. Ferst and M. Miyashiro)

Index

Authobiography of Frank J. Fabozzi, David Jacobs

Frank J. Fabozzi is a financial consultant, the editor of the Journal of Portfolio Management, and Adjunct Professor of Finance at Yale University’s School of Management.