Mortgage-backed Securities Operations

What You Will Learn

• 1 Learn the foundational principles of mortgage securitization and the ecosystem of participants.
• 2 Understand the structural variations of MBS including pass-throughs, CMOs, and stripped securities.
• 3 Analyze prepayment risk drivers and quantitative models for predicting borrower behavior.
• 4 Apply discounted cash flow, yield measures, and option-adjusted spread analysis to MBS valuation.
• 5 Implement trading and settlement processes for TBA and specified pool markets.
• 6 Explore regulatory frameworks including SEC, FINRA, and Basel III requirements for MBS operations.
• 7 Develop risk management strategies to mitigate credit, liquidity, and interest rate exposures in MBS portfolios.
• 8 Compare agency vs non-agency MBS and their distinct operational and risk characteristics.
• 9 Integrate MBS as a component in diversified portfolio management and asset allocation.
• 10 Examine advanced topics such as structured credit products and future trends in mortgage finance.