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Salomon Smith Barney Guide To Mortgage-Backed and Asset-Backed Securities
Book

Salomon Smith Barney Guide To Mortgage-Backed and Asset-Backed Securities

Lakhbir Hayre
Wiley, 2001

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Editorial Rating

8

Qualities

  • Innovative
  • Applicable

Recommendation

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.

Take-Aways

  • Securitization transforms non-tradable financial assets into tradable securities.
  • In a securitization, cash flows from pools of assets like car loans are directed to securities holders.
  • Mortgage-backed securities (MBS) are backed by residential mortgage loans.

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.

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