Some MBS/ABS questions

Congratulations on landing your Summer Analyst role! That’s a fantastic opportunity, and it’s great that you’re eager to prepare.

For MBS (Mortgage-Backed Securities) and ABS (Asset-Backed Securities), here are some resources and areas to focus on:

Books:

“Structured finance and Securitization: The Financial Engineer’s Guide” by A. J. Miller – This book provides a solid foundation on the principles of structured finance, including MBS and ABS.
“Mortgage-Backed Securities: Products, Analysis, and Trading” by Frank J. Fabozzi – A comprehensive guide that covers the different types of mortgage-backed securities, valuation techniques, and risk management strategies.
“Securitization: Structuring and Investment Analysis” by Andrew Davidson – This book explains the intricacies of securitization, with practical insights into investment analysis.

Online Courses & Resources:

Coursera or EdX: Look for courses on fixed income, securitization, or structured finance.
Moody’s Analytics and Standard & Poor’s Learning: They often have resources and reports related to MBS/ABS that are very informative.

Industry Reports & Journals:

SIFMA and the Mortgage Bankers Association (MBA): Check out their publications for the latest trends and data in the MBS market.
The Journal of Structured Finance: This includes research and articles on various aspects of securitization.

Blogs and Forums:

Follow finance blogs or forums that discuss MBS/ABS markets to stay updated on current trends and discussions.

Networking:

Don’t hesitate to ask colleagues or professionals in your network if they have time for a brief call. LinkedIn is a great platform to connect with people in the industry.

Key Topics to Focus On:

Understanding the structure of MBS and ABS: Learn the differences between various types like pass-throughs, CMO (Collateralized Mortgage Obligations), and different tranches.
Credit risk analysis: Get a good grasp of assessing the credit quality of the underlying assets.
Prepayment risk: Understand how prepayment affects cash flows and valuation.
Current market trends: Keep an eye on interest rates, housing market trends, and regulatory changes.

Feel free to reach out if you have further questions or if there’s a specific area you’d like to delve into. Believe in yourself; you’ll do great!

One response

APAdmin

13 March 2025 at 1:26 PM
Congratulations on landing your Summer Analyst role! That’s a fantastic opportunity, and it’s great that you’re eager to prepare.

For MBS (Mortgage-Backed Securities) and ABS (Asset-Backed Securities), here are some resources and areas to focus on:

Books:
1. “Structured finance and Securitization: The Financial Engineer’s Guide” by A. J. Miller – This book provides a solid foundation on the principles of structured finance, including MBS and ABS.
2. “Mortgage-Backed Securities: Products, Analysis, and Trading” by Frank J. Fabozzi – A comprehensive guide that covers the different types of mortgage-backed securities, valuation techniques, and risk management strategies.
3. “Securitization: Structuring and Investment Analysis” by Andrew Davidson – This book explains the intricacies of securitization, with practical insights into investment analysis.
Online Courses & Resources:
- Coursera or EdX: Look for courses on fixed income, securitization, or structured finance.
- Moody’s Analytics and Standard & Poor’s Learning: They often have resources and reports related to MBS/ABS that are very informative.
Industry Reports & Journals:
- SIFMA and the Mortgage Bankers Association (MBA): Check out their publications for the latest trends and data in the MBS market.
- The Journal of Structured Finance: This includes research and articles on various aspects of securitization.
Blogs and Forums:
- Follow finance blogs or forums that discuss MBS/ABS markets to stay updated on current trends and discussions.
Networking:
- Don’t hesitate to ask colleagues or professionals in your network if they have time for a brief call. LinkedIn is a great platform to connect with people in the industry.
Key Topics to Focus On:
- Understanding the structure of MBS and ABS: Learn the differences between various types like pass-throughs, CMO (Collateralized Mortgage Obligations), and different tranches.
- Credit risk analysis: Get a good grasp of assessing the credit quality of the underlying assets.
- Prepayment risk: Understand how prepayment affects cash flows and valuation.
- Current market trends: Keep an eye on interest rates, housing market trends, and regulatory changes.
Feel free to reach out if you have further questions or if there’s a specific area you’d like to delve into. Believe in yourself; you’ll do great!
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