Mortgage Backed Securities
Why You Should Take This Course
This course has everything you need to work with mortgage backed securities. You'll explore both CPR and PSA prepayment models; speed through Bloomberg Analytics; and master advanced bond math.
- Discover how prepayments impact returns Mortgage loans are prepayable. Unlike other bonds that have fixed payments, MBS cashflows are dynamic. We will explore both the CPR and PSA prepayment models as analyze how changing prepayment speeds impacts Weighted Average Life, yields, and spreads.
- Speed through Bloomberg Analytics Bloomberg has rich mortgage analytics that are used by Mortgage Traders and Investors daily. From diving into details on collateral pools to running Interest Rate sensitivity analysis on yields and spreads, you will learn how it’s done on Wall Street.
- Master advanced bond math We will demystify complex bond math topics including convexity and option adjusted spread. Develop an intuitive sense of how changing market interest rates will impact a bond’s payout profile and then be able to quickly evaluate whether the bond yield will increase, or decrease based on the new payout profile.
What You'll Learn
- Mortgage Cashflows
- Option Adjusted Spread
- TBAs and Dollar Roll
- Remics and CMOs
Introduction to Mortgage Backed Securities
Overview of the Mortgage Backed Securities Market
Creation of MBS, TBA Market
Get the Fixed Income Markets Certification
This course can be taken standalone, or as part of the Fixed Income Markets Certification Program. Graduates of the program earn a Wall Street Prep certification that can be shared with potential future employers.
Taught by bankers
Our instructors are former investment bankers who give lessons real-world context by connecting it to their experience on the desk.
Earn a Certification
Take this course standalone, or, to earn a shareable certification, as part of Wall Street Prep's Fixed Markets Income Certification Program.
Used on the Street
This is the same comprehensive course our corporate clients use to prepare their analysts and associates.
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