Mortgage Backed Securities Essentials
Explore mortgage-backed securities: learn structuring, valuation, prepayment risk, interest rate impacts, and trading strategies in fixed-income markets.
Explore mortgage-backed securities: learn structuring, valuation, prepayment risk, interest rate impacts, and trading strategies in fixed-income markets.
Dive into the world of Mortgage Backed Securities (MBS) with this concise introductory course from the New York Institute of Finance. Over one week, you'll explore the rapid growth and current size of the MBS market, understand the role of U.S. mortgage agencies, and learn to differentiate between major types of mortgage-backed securities. Gain insights into agency pass-through securities and collateralized mortgage obligations (CMOs), understanding how their structural differences impact investor cash flows. This course is ideal for finance professionals, students, and anyone looking to grasp the basics of this important financial instrument.
Instructors:
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What you'll learn
Understand the basics of Mortgage Backed Securities (MBS) and their market
Identify U.S. mortgage agencies and their roles in the MBS market
Differentiate between types of mortgages securitized by various agencies
Analyze the features of agency pass-through securities
Explore the structure and cash flow implications of Collateralized Mortgage Obligations (CMOs)
Recognize the risk factors associated with MBS investments
Skills you'll gain
This course includes:
PreRecorded video
Graded assignments, exams
Access on Mobile, Tablet, Desktop
Limited Access access
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There are 4 modules in this course
This course provides a comprehensive introduction to Mortgage Backed Securities (MBS), covering the fundamentals of the MBS market and its rapid growth. Students will learn about the different types of U.S. mortgage agencies, their legal status, and the nature of guarantees they offer. The course explores the two major types of securities based on mortgage securitization: agency pass-through securities and collateralized mortgage obligations (CMOs). Participants will understand how the structural differences between these securities impact cash flows received by investors. The curriculum also covers risk factors associated with MBS investments, providing a solid foundation for understanding this complex financial instrument.
Introduction to Mortgage Backed Securities
Module 1 · 0 Hours to complete
Government Agencies Versus Government Sponsored Enterprises (GSE)
Module 2 · 0 Hours to complete
Risk Factors in Mortgage Backed Securities (MBS)
Module 3 · 0 Hours to complete
Overview of Pass-through Securities
Module 4 · 0 Hours to complete
Fee Structure
Instructor
24 Courses
NYIF Instructor Specializing in Derivatives and Fixed Income Analysis
Douglas Carroll is an instructor at the New York Institute of Finance (NYIF) with over a decade of experience conducting investment training seminars. His expertise primarily focuses on the analysis and valuation of derivatives and fixed income securities. Doug's background encompasses sales, trading, and investment management, complemented by a solid understanding of the legal, regulatory, and theoretical aspects of financial markets. He holds a BS/BA in History and Economics and an MA in Economics from Northern Illinois University, as well as an MBA in Finance from the University of Chicago. Doug is also licensed with Series 3, Series 7, Series 24, and Series 63 certifications.
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