Summary of Salomon Smith Barney Guide To Mortgage-Backed and Asset-Backed Securities
Looking for the book?
We have the summary! Get the key insights in just 10 minutes.
Lakhbir Hayre has created a comprehensive and authoritative reference guide for the asset-backed and mortgage-backed securities markets. In compiling this book, Hayre drew on the expertise of ABS and MBS specialists from Salomon Smith Barney, which was a pioneer in the development of these markets and still trades the largest volume of the securities. This huge volume includes plenty of charts, graphs and illustrations as companions to its enormously detailed and clearly explained descriptions and analysis. getAbstract.com recommends this book as a useful reference for experts and an enlightening introduction for securitization novices.
In this summary, you will learn
- The basics of the market for asset-backed and mortgage-backed securities;
- The definition of securitization - the process through which MBS and ABS are created, and
- How developments in technology and changes in regulatory framework are affecting the development of the ABS and MBS markets.
About the Author
Lakhbir Hayre is a mortgage officer at Salomon Smith Barney and the firm’s leading expert on mortgage-backed and asset-backed securities.