Mortgage Backed Securities
4.1 (29 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
369 students enrolled
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Mortgage Backed Securities

An introduction to MBS, pass-through securities, and CMO's, with details to help understand MBS and how they work.
4.1 (29 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
369 students enrolled
Created by Paul Siegel
Last updated 3/2014
English
Current price: $10 Original price: $50 Discount: 80% off
4 days left at this price!
30-Day Money-Back Guarantee
Includes:
  • 3.5 hours on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • You'll learn what Mortgage Backed Securities are and how they are structured
  • You'll learn what pass-through securities are, their risks, and prices & yields
  • You'll learn what collateralized mortgage obligations (CMOs) are and how they work
View Curriculum
Requirements
  • Knowledge of the English language.
  • Participants are expected to have basic math knowledge coming into this course.
  • A financial calculator is recommended to get the most out of this course.
Description

This course will introduce you to a variety of the more commonly-encountered types of mortgage-backed securities, pass-through securities, and CMO's, as well as a lot of the concepts used to assess the attractiveness of mortgage-backed securities and a lot of the details to help understand mortgage-backed securities and how they work.

This course contains 21 lectures among 4 sections:

  • Introduction to Mortgages and Mortgage Backed Securities
  • Pass Through Securities
  • Analysis of Pass Through Securities
  • Collateralized Mortgage Obligations
Who is the target audience?
  • Analysts and associates in commercial, corporate and investment banking.
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Curriculum For This Course
21 Lectures
03:21:16
+
Introduction to Mortgages and Mortgage Backed Securities
3 Lectures 32:40

Instructor Doug Carroll introduces the course.

Preview 11:11

Instructor Doug Carroll explains asset securitization and introduces mortgage loans.

Asset Securitization and Introduction to Mortgage Loans
11:50

Instructor Doug Carroll explains mortgage loans.

Mortgage Loans
09:39
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Pass Through Securities
8 Lectures 01:16:18

Instructor Doug Carroll gives an introduction to pass through securities.

Preview 08:17

Instructor Doug Carroll talks about U.S. mortgage agencies.

US Mortgage Agencies
09:28

Instructor Doug Carroll explains agency underwriting guidelines.

Agency Underwriting Guidelines
09:07

Instructor Doug Carroll explains the structure of pass through securities.

Structure of Pass Through Securities
10:12

Instructor Doug Carroll talks about mortgage cash flows (part 1 of 2).

Mortgage Cash Flows Part 1
10:57

Instructor Doug Carroll talks about mortgage cash flows (part 2 of 2).

Mortgage Cash Flows Part 2
08:45

Instructor Doug Carroll explains mortgage pool cash flows.

Mortgage Pool Cash Flows
08:59

Instructor Doug Carroll explains mortgage prepayments.

Mortgage Prepayments
10:33
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Analysis of Pass Through Securities
5 Lectures 45:49

Instructor Doug Carroll discusses the risks of pass through securities.

Risks of Pass Through Securities
09:20

Instructor Doug Carroll discusses prices and yields of pass through securities.

Pass Through Securitries Prices and Yields
07:41

Instructor Doug Carroll discusses cash flows and valuation of pass through securities.

Pass Through Securities Cash Flows and Valuation
09:32

Instructor Doug Carroll discusses MBS prepayments and negative convexity.

MBS Prepayments and Negative Convexity
10:23

Instructor Doug Carroll explains prepayment benchmarks.

Prepayment Benchmarks
08:53
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Collateralized Mortgage Obligations
5 Lectures 46:29

Instructor Doug Carroll explains conditional prepayment rate and CMOs.

Conditional Prepayment Rate and Introduction to CMOs
08:31

Instructor Doug Carroll talks about CMOs and sequential pay tranches.

CMOs and Sequential Pay Tranches
10:44

Instructor Doug Carroll talks about Z bond tranches.

Z Bond Tranches
09:14

Instructor Doug Carroll explains PAC bond tranches.

PAC Bond Tranches
11:23

Instructor Doug Carroll discusses other types of tranches and concludes the course.

Other Types of Tranches
06:37
About the Instructor
Paul Siegel
4.2 Average rating
660 Reviews
5,490 Students
17 Courses
Education you can bank on

We deliver superlative, hands-on and practical corporate and investment banking education that you can use immediately in your job, or that next great job you are looking to start. We focus on making complex subjects readily understandable and usable. If you want to take a great leap forward in your finance career, we are here to make that happen.

Our instructors are practitioners who have worked in the field of finance. They relate the subjects covered to real work situations you will encounter in your banking job. So, the concepts are real, the coverage is at the right level of depth, and the material is easy to absorb.